Listing Agency: RE/MAX Masters Show Phone

Listed By: Jonathan D. Modene · License #354203 Show Phone

Source: Exprealty

Added: Jul 17 Changed: Oct 16 Last Checked: Oct 16 at 10:29AM

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Investment Insights

Based on property information with market context.

This 2,416 SF triplex at 1917 Wyndhurst Rd includes three residential units with hardwood floors, updated bathrooms, and spacious bedrooms. The property also features updated windows, a newer roof, new C/A, a garage, and additional storage areas.

Located near UT Campus in Toledo, the property combines a three-unit configuration with several recent updates and practical supporting features. The available improvements provide a clear physical profile for residential income use while retaining the existing garage and storage components.

Key Highlights

• Three‑unit triplex near UT Campus
• 2,416 SF property at 1917 Wyndhurst Rd
• Hardwood floors throughout the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,061

Cap Rate

9.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$441,220 $441.2K

Cap Rate 7%

$315,157 $315.2K

Cap Rate 9%

$245,122 $245.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,416 SF

Gross rent

$32.8K $13.56/SF

− Vacancy

−$1.2K −$0.52/SF

EGI

$31.5K $13.04/SF

− OpEx

−$9.5K −$3.91/SF

NOI

$22.1K $9.13/SF

Area

Toledo, OH

Vacancy

3.80%

Lease Rate

$13.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$441,220

Cap Rate 7%

$315,157

Cap Rate 9%

$245,122

Alternative Uses

Best Use

Multifamily LT 5

$315.2K

$275.8K – $367.7K (±1% cap)

NOI $22,061 @ 7.0% cap · market cap 9.20%

Second Best

Apartment 5plus

$290.8K

$254.5K – $339.3K (±1% cap)

NOI $20,359 @ 7.0% cap · market cap 8.49%

Theoretical Best

Office A

$402.1K

$351.8K – $469.1K (±1% cap)

NOI $28,145 @ 7.0% cap · market cap 11.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

353

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with hardwood flooring, updated baths and windows, newer roofing, C/A, a garage, and additional storage.

Where is this triplex located?

The property is located at 1917 Wyndhurst Rd Toledo, OH.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: Three‑unit triplex near UT Campus; 2,416 SF property at 1917 Wyndhurst Rd; Hardwood floors throughout the property