2-Unit Duplex with Walk-Up
For Sale
Contact for pricing
1817 Waite Avenue, Toledo, OH 43606
Matching apartments retain original hardwood flooring and woodwork, alongside separate front and rear staircases.
Property Size2,538 SF
Price / SF$1.93
Days on Market56
Property Features for 1817 Waite Avenue
General Information
Standard status
Active
Size
2,538 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
Major Systems in Need of Repair/Replacement
Site & Location
Neighborhood
Michele R. Williams, President
Additional Details
Multifamily Units
2
Building Details
Building Size
2,538 SF
Year Built
1915
Buildings
1
Stories
2
Listing Agency:
Whittington Group Realty
Listed By:
Emory G. Whittington
(419) 392-5428
Source:
Martinsignatureproperties
Added: Sep 5
Changed: Oct 29
Last Checked: Oct 29 at 4:37AM
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 Whittington Group Realty
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Investment Insights
Based on property information with market context.
This two-story duplex contains two matching units measuring more than 1,200 square feet each. Original hardwood floors and woodwork remain, and separate front and rear staircases serve the building. A walk-up attic adds further interior space. The property also has a rear parking pad and sits on a 0.12-acre corner lot.
Built in 1915, the building has a 50-by-100-foot lot and a total property size of 2,538 square feet. The furnace, water heater and plumbing, electrical system, and roof require repair or replacement. Zoning is RES.
Built in 1915, the building has a 50-by-100-foot lot and a total property size of 2,538 square feet. The furnace, water heater and plumbing, electrical system, and roof require repair or replacement. Zoning is RES.
Key Highlights
- Two matching units, each measuring more than 1,200 square feet
- 2,538‑square‑foot property on a 0.12‑acre corner lot
- 50‑by‑100‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,740
$427.7K
Cap Rate 7%
$305,529
$305.5K
Cap Rate 9%
$237,633
$237.6K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$40.5K $15.96/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$38.9K $15.32/SF
− OpEx
−$17.5K −$6.89/SF
NOI
$21.4K $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%
$427,740
Cap Rate 7%
$305,529
Cap Rate 9%
$237,633
Alternative Uses
Best Use
Multifamily LT 5
$331.1K
$289.7K – $386.3K
NOI $23,175 @ 7.0% cap · market cap 474.12%
Second Best
Apartment 5plus
$305.5K
$267.3K – $356.5K
NOI $21,387 @ 7.0% cap · market cap 437.54%
Theoretical Best
Office A
$422.4K
$369.6K – $492.8K
NOI $29,567 @ 7.0% cap · market cap 604.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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Business Placement
Demographics for 43606, OH
25,671
Population
11,700
Households
2.2
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
3,949
Density / Sq Mi
$60,308
Median Household Income
$32,997
Median Earnings
$938
Median Rent
$165,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Matching apartments retain original hardwood flooring and woodwork, alongside separate front and rear staircases.
Where is this duplex located?
The property is located at 1817 Waite Avenue Toledo, OH.
What are key features of this property?
This property features: Two matching units, each measuring more than 1,200 square feet; 2,538‑square‑foot property on a 0.12‑acre corner lot; 50‑by‑100‑foot lot
