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Five-Unit Remodeled Apartment Building
For Sale
$239,900

1951 North Summit Street, Toledo, OH 43611

Recent unit updates, on-site laundry, and a recently redone parking lot support the property’s multifamily configuration.

Property Size9,304 SF
Price / SF$25.78
Days on Market172

Property Features for 1951 North Summit Street

General Information

Standard status Active
Size 9,304 SF
Property subtype Residential Income / Apartment

Additional Details

Multifamily Units 5

Amenities

on-site coin laundry
Window Unit(s)
Electric, Radiant
Block
Carpet, Vinyl
Water Heater
Yes
5
8
Common Area, In Basement
Entrance Foyer
No
Awning(s)

Building Details

Year Built 1900
Buildings 1
Listing Agency: Key Realty
Listed By: Keith M. Degnan · License #0000449935
Source: Compass
Added: Mar 3 Changed: Aug 21 Last Checked: Aug 21 at 1:02PM

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 Key Realty

Investment Insights

Based on property information with market context.

This five-unit apartment building includes approximately 6,200 square feet of finished space. Each unit has been remodeled in recent years, with interior finishes that include carpet and vinyl. Heating is provided by electric radiant systems, and window air-conditioning units are installed. A common basement area contains coin-operated laundry equipment, creating an additional on-site income feature.

The property is located at 1951 North Summit Street in Toledo, Ohio. Its parking lot was recently redone and provides space for residents and guests. The building was constructed in 1900 and also includes block construction and an entrance foyer.

Key Highlights

  • Five‑unit apartment building in Toledo, OH
  • Approximately 6,200 square feet of finished space
  • All units remodeled in recent years

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon Building Supply Kitchen & Bath Showroom

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

172
Businesses Nearby

Demographics for 43611, OH

18,505
Population
8,854
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
2,535
Density / Sq Mi
$58,135
Median Household Income
$36,185
Median Earnings
$832
Median Rent
$117,400
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?
Apartment building - Recent unit updates, on-site laundry, and a recently redone parking lot support the property’s multifamily configuration.
Where is this apartment building located?
The property is located at 1951 North Summit Street 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: Five‑unit apartment building in Toledo, OH; Approximately 6,200 square feet of finished space; All units remodeled in recent years
More about this property
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