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    1721 Walnut St Toledo, OH 43608

    For Sale
    $240,000

    Renovated multi-unit property with income potential in Toledo, OH.

    Property Features for 1721 Walnut St

    General Information

    Interior features
    Interior Feature 1, : "Forced Air"
    Exterior features
    exterior_features, : ["Sewer Connected", "Water Connected", "Electricity Connected", "Natural Gas Connected", "Flat"]

    Building Details

    Year built
    1902

    Source: LPG Realty Agent Austin James Cleghorn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multi-Unit Investment Property

    This multi-unit property has been fully updated with extensive renovations both inside and out. Improvements include a new roof and siding. The interiors have been fully renovated with new appliances, flooring, carpet, and fresh paint. A shared laundry facility has been added in the basement for tenant convenience. The projected gross rent is $3,300 per month once fully occupied. Tenants are responsible for their own utilities, while the owner covers taxes, water, and insurance. The estimated Net Operating Income (NOI) is $26,380 per year. The property is located in a growing area with upside potential. It is suitable for investors or owner-occupants seeking a turnkey property with long-term value.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5377108
    Latitude
    41.6660456

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    FAQs

    What type of property is this?
    Quadplex - Renovated multi-unit property with income potential in Toledo, OH.
    Where is this quadplex located?
    The property is located at 1721 Walnut St Toledo, OH.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Strong cash-flowing investment with an estimated NOI of $26,380/year.; - Projected gross rent of $3,300/month once fully occupied.; - **Fully updated property with extensive renovations inside and out, including a new roof and siding.**
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1721 Walnut St Toledo, OH 43608
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