Historic 3-Unit
For Sale
$299,000
2446 Kenwood Blvd, Toledo, OH 43606
Two full-floor apartments and a basement studio offer three distinct residential units.
Property Size3,188 SF
Price / SF$93.79
Days on Market18
Property Features for 2446 Kenwood Blvd
General Information
Standard status
Active
Size
3,188 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
fireplaces
hardwood floors
cove ceilings
smooth plaster walls
ceramic tiled baths
solid wood moldings
original wood paneled walls
private laundry hookups
walk up storage space
back yard
Building Details
Buildings
1
Construction
English Tudor
Listing Agency:
Key Realty LTD
(419) 777-5391
Listed By:
Roxanne Anthony
(419) 290-7446
Source:
Exprealty
Added: Sep 18
Changed: Oct 2
Last Checked: Oct 4 at 1:59PM
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 LTD
Investment Insights
Based on property information with market context.
This 3,188-square-foot English Tudor triplex contains two above-grade apartments and a basement studio. Interior details include hardwood flooring, cove ceilings, plaster walls, wood trim, and a fireplace in each unit. The upper apartments have formal dining rooms, eat-in kitchens, large bedrooms with dual closets, and spacious living rooms. The studio includes a kitchenette with appliances, a full bath, and laundry hookups. Basement storage and a three-car garage with upper-level storage add utility, alongside a small rear yard.
The property is near Toledo Hospital and the University of Toledo, with highway access nearby. Ottawa Park amenities include walking trails, playgrounds, picnic areas, an amphitheater, and a golf course.
The property is near Toledo Hospital and the University of Toledo, with highway access nearby. Ottawa Park amenities include walking trails, playgrounds, picnic areas, an amphitheater, and a golf course.
Key Highlights
- Three residential units: two above‑grade apartments and one basement studio
- 3,188 square feet in an English Tudor‑style building
- Fireplaces in all three units, with hardwood floors and original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,865
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,300
$537.3K
Cap Rate 7%
$383,786
$383.8K
Cap Rate 9%
$298,500
$298.5K
Market Conditions
NOI Build-Up for 3,188 SF
Gross rent
$50.9K $15.96/SF
− Vacancy
−$2.0K −$0.64/SF
EGI
$48.8K $15.32/SF
− OpEx
−$22.0K −$6.89/SF
NOI
$26.9K $8.43/SF
Area
Toledo, OH
Vacancy
4.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,300
Cap Rate 7%
$383,786
Cap Rate 9%
$298,500
Alternative Uses
Best Use
Multifamily LT 5
$415.9K
$363.9K – $485.2K
NOI $29,111 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$383.8K
$335.8K – $447.8K
NOI $26,865 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$530.6K
$464.2K – $619.0K
NOI $37,139 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,232
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Two full-floor apartments and a basement studio offer three distinct residential units.
Where is this triplex located?
The property is located at 2446 Kenwood Blvd Toledo, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three residential units: two above‑grade apartments and one basement studio; 3,188 square feet in an English Tudor‑style building; Fireplaces in all three units, with hardwood floors and original architectural details
