Listing Agency: Serenity Realty LLC i***@gmail.com Show Phone

Listed By: James Mann Show Phone

Source: Exprealty

Added: Aug 12 Changed: Oct 15 Last Checked: Oct 15 at 12:24AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property offers a quadplex configuration with updated windows and off-street parking. The building is positioned for residential income use, with four units contained within the property.

Located at 2240 Franklin Ave in Toledo, Ohio, the property is near St. Vincent Hospital and downtown Toledo. Its central setting places the building close to both a major medical facility and the downtown area.

Key Highlights

• Four‑unit quadplex configuration
• Updated windows
• Off‑street parking included

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Electrical Service Accounting Firm Garden Center Bakery

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,414

Businesses Nearby

Explore this area Business Placement

Demographics for 43620, OH

5,019

Population

3,003

Households

1.7

Avg Household Size

39

Median Age

27%

College-Educated

80%

High-School Grad

1.1 sq mi

ZIP Area

4,563

Density / Sq Mi

$21,405

Median Household Income

$30,539

Median Earnings

$584

Median Rent

$115,600

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?

Quadplex - Updated windows and off-street parking are included.

Where is this quadplex located?

The property is located at 2240 Franklin Ave Toledo, OH.

What is the asking price?

The asking price for this property is $114,999.

What are key features of this property?

This property features: Four‑unit quadplex configuration; Updated windows; Off‑street parking included