Duplex With Separate
For Sale
$199,000
2201 Sylvania Ave, Toledo, OH 43613
Two-unit residential property with private living areas, divided basement space, and laundry equipment for each unit.
Property Size1,920 SF
Price / SF$103.65
Days on Market59
Property Features for 2201 Sylvania Ave
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Tina Scott, President
Additional Details
Multifamily Units
2
Amenities
washer/dryer
Building Details
Buildings
1
Listing Agency:
Howard Hanna
(419) 535-0011
Listed By:
Keyana Sade Grace
(419) 574-8444
Source:
Exprealty
Added: Aug 28
Changed: Oct 5
Last Checked: Oct 24 at 10:56PM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two separate residential units, each with its own living area. The basement is divided between the sides, providing distinct lower-level space for each unit. Both units are also equipped with their own washer and dryer, supporting independent household use.
The property is positioned for convenient access to shopping, dining, schools, major roadways, and everyday services. Its two-unit configuration provides separate living spaces within one building and supports use as a residential income property or an owner-occupied home with an additional unit.
The property is positioned for convenient access to shopping, dining, schools, major roadways, and everyday services. Its two-unit configuration provides separate living spaces within one building and supports use as a residential income property or an owner-occupied home with an additional unit.
Key Highlights
- 1,920 SF duplex with two separate residential units
- Each unit has its own living area
- Basement is separated between the two sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,532
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,640
$350.6K
Cap Rate 7%
$250,457
$250.5K
Cap Rate 9%
$194,800
$194.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$26.0K $13.56/SF
− Vacancy
−$989 −$0.52/SF
EGI
$25.0K $13.04/SF
− OpEx
−$7.5K −$3.91/SF
NOI
$17.5K $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%
$350,640
Cap Rate 7%
$250,457
Cap Rate 9%
$194,800
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.2K
NOI $17,532 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$231.1K
$202.3K – $269.7K
NOI $16,180 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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Business Placement
Demographics for 43613, OH
32,116
Population
14,376
Households
2.2
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
5,265
Density / Sq Mi
$63,425
Median Household Income
$41,877
Median Earnings
$895
Median Rent
$125,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with private living areas, divided basement space, and laundry equipment for each unit.
Where is this duplex located?
The property is located at 2201 Sylvania Ave Toledo, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,920 SF duplex with two separate residential units; Each unit has its own living area; Basement is separated between the two sides
