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Three-Level Quadplex with Basements
For Sale
$680,000

2341 Parkwood Ave, Toledo, OH 43620

Residential income property with private lower-level space attached to each unit and a consistent multi-bedroom layout.

Property Size12,975 SF
Price / SF$52.41
Days on Market50

Property Features for 2341 Parkwood Ave

General Information

Standard status Active
Size 12,975 SF
Property subtype Residential Income

Units

Unit Mix 2 x 5BR/2BA (2400 sqft), 2 x 5BR/2BA (2200 sqft)
Multifamily Units 4

Additional Details

Asking Price $800,000
Listing Agency: Blacktree Realty LLC
Listed By: Leanne Black
Source: Exprealty
Added: Jul 3 Changed: Aug 21 Last Checked: Aug 21 at 10:06AM

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 Blacktree Realty LLC

Investment Insights

Based on property information with market context.

This three-level quadplex contains four residential units, each arranged with five bedrooms, two bathrooms, and a dedicated basement. Unit sizes include two residences measuring 2,400 square feet and two measuring 2,200 square feet, providing a mix of layouts within the same building.

The offering includes 2341 Parkwood Ave and 2268 Parkwood Ave in Toledo, Ohio, structured as a package sale. Property access is limited to the due diligence period following an accepted offer.

Key Highlights

  • Four‑unit quadplex with five bedrooms and two bathrooms in each unit
  • Three‑level configuration with a private basement for every unit
  • Two units measure 2,400 square feet each

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Restaurant (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Hair Salon

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

666
Businesses Nearby

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 - Residential income property with private lower-level space attached to each unit and a consistent multi-bedroom layout.
Where is this quadplex located?
The property is located at 2341 Parkwood Ave Toledo, OH.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Four‑unit quadplex with five bedrooms and two bathrooms in each unit; Three‑level configuration with a private basement for every unit; Two units measure 2,400 square feet each
More about this property
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