Duplex with Screened
New
For Sale
$265,000
2128 Secor Rd, Toledo, OH 43606
Each residence has its own washer and dryer hookups, with additional lockable storage in the basement.
Property Size2,388 SF
Price / SF$110.97
Days on Market3
Property Features for 2128 Secor Rd
General Information
Standard status
Active
Size
2,388 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
hardwood floors
screened-in porches
garage parking
full basement
washer/dryer hook-ups
Building Details
Year Built
1948
Buildings
1
Listing Agency:
Rylan Realty Group Ltd.
Listed By:
Ryan Phillips
(419) 704-4389
Source:
Gogiverrealestate
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 5:27AM
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 Rylan Realty Group Ltd.
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Investment Insights
Based on property information with market context.
This 2,388-square-foot duplex, built in 1948, contains two remodeled residences. Interior features include some hardwood flooring, living and dining rooms, and kitchens with substantial cabinet storage. Screened porches provide outdoor space, while a full basement offers lockable storage and washer and dryer hookups for both units. Garage parking is also included.
Recent work includes updated electrical panels, two new air-conditioning units, and one new furnace. Both residences are occupied under arrangements extending through February 2027.
The property is within walking distance of The University of Toledo and near Downtown Toledo, Westgate Shopping Center, and restaurants.
Recent work includes updated electrical panels, two new air-conditioning units, and one new furnace. Both residences are occupied under arrangements extending through February 2027.
The property is within walking distance of The University of Toledo and near Downtown Toledo, Westgate Shopping Center, and restaurants.
Key Highlights
- Two‑unit duplex with 2,388 square feet; built in 1948
- Both residences have been remodeled and are occupied through February 2027
- Screened porches and garage parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,806
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,120
$436.1K
Cap Rate 7%
$311,514
$311.5K
Cap Rate 9%
$242,289
$242.3K
Market Conditions
NOI Build-Up for 2,388 SF
Gross rent
$32.4K $13.56/SF
− Vacancy
−$1.2K −$0.52/SF
EGI
$31.2K $13.04/SF
− OpEx
−$9.3K −$3.91/SF
NOI
$21.8K $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%
$436,120
Cap Rate 7%
$311,514
Cap Rate 9%
$242,289
Alternative Uses
Best Use
Multifamily LT 5
$311.5K
$272.6K – $363.4K
NOI $21,806 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$287.5K
$251.5K – $335.4K
NOI $20,123 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own washer and dryer hookups, with additional lockable storage in the basement.
Where is this duplex located?
The property is located at 2128 Secor Rd Toledo, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,388 square feet; built in 1948; Both residences have been remodeled and are occupied through February 2027; Screened porches and garage parking
