Search
23-Unit Brick Apartment Property
New
For Sale
$1,645,000

1624-1650 Michigan Ave, Maumee, OH 43537

Five ranch-style buildings offer a mix of one- and two-bedroom apartments with individual gas meters and central air conditioning.

Property Size4,872 SF
Price / SF$337.64
Days on Market3

Property Features for 1624-1650 Michigan Ave

General Information

Standard status Active
Size 4,872 SF
Property subtype Multifamily

Units

Unit Mix 17 x 1BR (600 sf), 6 x 2BR (800 sf)
Multifamily Units 23

Additional Details

Road Access Yes

Amenities

separately metered gas forced air heating
central air conditioning
stoves and refrigerators
washer/dryer hookups

Building Details

Year Built 1964
Buildings 5
Construction brick ranch-style
Listing Agency: The Danberry Co.
Listed By: Bruce A. Smenner
Source: Gogiverrealestate
Added: Oct 20 Changed: Oct 22 Last Checked: Oct 22 at 5:21AM

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 The Danberry Co.

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 23-unit apartment property in Maumee comprises five brick ranch-style buildings. The unit mix includes 17 one-bedroom apartments of approximately 600 square feet and six two-bedroom apartments of approximately 800 square feet. Each unit has separately metered gas forced-air heat, central air conditioning, a stove and refrigerator, and washer/dryer hookups. Newer gable roofs span the buildings.

The property is on Michigan Avenue, with access via Heatherdowns to the south on Eastgate.

Key Highlights

  • 23 apartments across five brick ranch‑style buildings
  • Unit mix: 17 one‑bedroom apartments of approximately 600 square feet and 6 two‑bedroom apartments of approximately 800 square feet
  • Separately metered gas forced‑air heating and central air conditioning in each unit

Property Analytics

Lease Details

23
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

187
Businesses Nearby

Demographics for 43537, OH

29,075
Population
13,071
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
1,563
Density / Sq Mi
$85,919
Median Household Income
$49,020
Median Earnings
$1,017
Median Rent
$235,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five ranch-style buildings offer a mix of one- and two-bedroom apartments with individual gas meters and central air conditioning.
Where is this apartment building located?
The property is located at 1624-1650 Michigan Ave Maumee, OH.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 23 apartments across five brick ranch‑style buildings; Unit mix: 17 one‑bedroom apartments of approximately 600 square feet and 6 two‑bedroom apartments of approximately 800 square feet; Separately metered gas forced‑air heating and central air conditioning in each unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved