Four-Unit Townhome
New
For Sale
$580,000
1901 Middlesbrough Ct, Maumee, OH 43537
Four occupied residences have separate utility meters, private decks, basements, and surface parking.
Property Size6,056 SF
Price / SF$95.77
Days on Market3
Property Features for 1901 Middlesbrough Ct
General Information
Standard status
Active
Size
6,056 SF
Total Parking Spaces
10
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 3BR/1.5BA, 1 x 2BR/2.5BA, 1 x 2BR/1.5BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Building Size
6,056 SF
Year Built
1997
Buildings
1
Stories
2
Listed By:
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source:
Svn-acre
Added: Oct 30
Last Checked: Nov 1 at 4:27AM
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 Doug Wright, CCIM
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Investment Insights
Based on property information with market context.
Built in 1997, this two-story quadplex includes a basement and four townhomes totaling 6,056 square feet on just under half an acre. Each residence has a private deck and basement. The unit mix includes two three-bedroom homes and two two-bedroom homes, with either 1.5 or 2.5 bathrooms. Appliances include a range, refrigerator, microwave, dishwasher, and washer and dryer. Utilities are separately metered; tenants pay all utilities except water. Pets are allowed, and the property has 10 surface parking spaces.
The property is in the Maumee School District. The Reynolds Road and Dussel Drive retail corridor, with national retailers, restaurants, and hotels, is nearby, as is Arrowhead Business Park. The I-80/90 turnpike tollgate is 1/2 mile away, and the I-475 interchange is just under 2 miles away. Maumee also offers river recreation, Side-Cut Metropark, employment centers, and major healthcare facilities.
The property is in the Maumee School District. The Reynolds Road and Dussel Drive retail corridor, with national retailers, restaurants, and hotels, is nearby, as is Arrowhead Business Park. The I-80/90 turnpike tollgate is 1/2 mile away, and the I-475 interchange is just under 2 miles away. Maumee also offers river recreation, Side-Cut Metropark, employment centers, and major healthcare facilities.
Key Highlights
- Four townhomes totaling 6,056 square feet; built in 1997
- Unit mix: two 3‑bedroom and two 2‑bedroom residences, each with a private deck and basement
- Four residences have 1.5 or 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,765
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,300
$975.3K
Cap Rate 7%
$696,643
$696.6K
Cap Rate 9%
$541,833
$541.8K
Market Conditions
NOI Build-Up for 6,056 SF
Gross rent
$74.9K $12.36/SF
− Vacancy
−$5.2K −$0.86/SF
EGI
$69.7K $11.50/SF
− OpEx
−$20.9K −$3.45/SF
NOI
$48.8K $8.05/SF
Area
Lucas County, OH
Vacancy
6.93%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,300
Cap Rate 7%
$696,643
Cap Rate 9%
$541,833
Alternative Uses
Best Use
Multifamily LT 5
$696.6K
$609.6K – $812.8K
NOI $48,765 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.2K
NOI $42,610 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$1.11M
$969.8K – $1.29M
NOI $77,586 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences have separate utility meters, private decks, basements, and surface parking.
Where is this quadplex located?
The property is located at 1901 Middlesbrough Ct Maumee, OH.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Four townhomes totaling 6,056 square feet; built in 1997; Unit mix: two 3‑bedroom and two 2‑bedroom residences, each with a private deck and basement; Four residences have 1.5 or 2.5 bathrooms
