Updated Duplex with Rental
For Sale
$112,412
1914 Upton Avenue, Toledo, OH 43607
Duplex with updated systems and long-term tenant.
Property Size1,144 SF
Lot Size0.12 Acres
Days on Market296
Property Features for 1914 Upton Avenue
General Information
Standard status
Active
Size
1,144 SF
Lot size
0.12 Acres
Property subtype
Duplex
Amenities
Cable Ready
Forced Air
Natural Gas
Electric Range
Refrigerator
Electricity Connected, Cable Available, Internet Available, Water Connected, Natural Gas Connected, Sewer Connected, Shingles
Building Details
Building Size
1,144 SF
Year Built
1966
Stories
1
Listing Agency:
The Danberry Co
(419) 322-8620
Listed By:
Danielle Dale
(419) 322-8620
Source:
Kw
Added: Oct 31, 2025
Changed: Aug 15
Last Checked: Aug 21 at 2:35PM
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
Investment Insights
Based on property information with market context.
This duplex features one-bedroom, one-bathroom units and new flooring throughout. The roof is 10 years old, the furnace and hot water tank are 2 years old, and the windows are 5 years old. The back unit is currently rented to a long-term tenant on a month-to-month basis. Tenants are responsible for paying all utilities except water. The front unit is available for immediate showing. This residential income property is located in Toledo, OH.
Key Highlights
- Income potential from long‑term tenant in back unit.
- Newer roof (10 years old), furnace (2 years old), and hot water tank (2 years old).
- New flooring throughout the unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,800
$192.8K
Cap Rate 7%
$137,714
$137.7K
Cap Rate 9%
$107,111
$107.1K
Market Conditions
NOI Build-Up for 1,144 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.3K $15.96/SF
− Vacancy
−$730 −$0.64/SF
EGI
$17.5K $15.32/SF
− OpEx
−$7.9K −$6.89/SF
NOI
$9.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$192,800
Cap Rate 7%
$137,714
Cap Rate 9%
$107,111
Alternative Uses
Best Use
Multifamily LT 5
$149.2K
$130.6K – $174.1K
NOI $10,446 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$137.7K
$120.5K – $160.7K
NOI $9,640 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$190.4K
$166.6K – $222.1K
NOI $13,327 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 43607, OH
20,494
Population
10,568
Households
1.9
Avg Household Size
34
Median Age
22%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,846
Density / Sq Mi
$37,442
Median Household Income
$23,208
Median Earnings
$881
Median Rent
$73,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with updated systems and long-term tenant.
Where is this duplex located?
The property is located at 1914 Upton Avenue Toledo, OH.
What is the asking price?
The asking price for this property is $112,412.
What are key features of this property?
This property features: Income potential from long‑term tenant in back unit.; Newer roof (10 years old), furnace (2 years old), and hot water tank (2 years old).; New flooring throughout the unit.
