Front-to-Back
New
For Sale
$117,000
1547 Airline Avenue, Toledo, OH 43609
Both units are leased through March 25, 2027, providing continuity of occupancy.
Property Size1,248 SF
Price / SF$93.75
Days on Market5
Property Features for 1547 Airline Avenue
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Residential Income
Financials
Asking Price
$117,000
Gross Income
$16,800
Average Monthly Rent
$700
Site & Location
Neighborhood
Sarah Abts
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Partial
Carpet,Vinyl
true
1
Yes
4
Other
Public Records
false
Public
0.2
81 FF
On Street
Building Details
Building Size
1,248 SF
Year Built
1912
Stories
1
Listing Agency:
Blacktree Realty LLC
(614) 600-0428
Listed By:
Chirley Lima
(419) 308-5990
Source:
Koehlerrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blacktree Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,248-square-foot duplex in Toledo is arranged with one unit in front and the other behind. The building dates to 1912, and both residences are currently leased through March 25, 2027.
The property is located at 1547 Airline Avenue. Showings are scheduled after an accepted offer because the units are occupied.
The property is located at 1547 Airline Avenue. Showings are scheduled after an accepted offer because the units are occupied.
Key Highlights
- Front‑and‑back duplex configuration
- 1,248 square feet
- Built in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,517
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,340
$210.3K
Cap Rate 7%
$150,243
$150.2K
Cap Rate 9%
$116,856
$116.9K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$19.9K $15.96/SF
− Vacancy
−$797 −$0.64/SF
EGI
$19.1K $15.32/SF
− OpEx
−$8.6K −$6.89/SF
NOI
$10.5K $8.43/SF
Area
Toledo, OH
Vacancy
4.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,340
Cap Rate 7%
$150,243
Cap Rate 9%
$116,856
Alternative Uses
Best Use
Multifamily LT 5
$162.8K
$142.5K – $189.9K
NOI $11,396 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$150.2K
$131.5K – $175.3K
NOI $10,517 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 43609, OH
20,519
Population
10,272
Households
2
Avg Household Size
34
Median Age
11%
College-Educated
79%
High-School Grad
4.8 sq mi
ZIP Area
4,275
Density / Sq Mi
$42,510
Median Household Income
$32,819
Median Earnings
$913
Median Rent
$58,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased through March 25, 2027, providing continuity of occupancy.
Where is this duplex located?
The property is located at 1547 Airline Avenue Toledo, OH.
What is the asking price?
The asking price for this property is $117,000.
What are key features of this property?
This property features: Front‑and‑back duplex configuration; 1,248 square feet; Built in 1912
