Renovation-Ready
For Sale
Contact for pricing
2867 N Detroit Avenue, Toledo, OH 43610
Two-unit residential property with spacious interiors, remaining building materials, and a full renovation opportunity.
Property Size2,128 SF
Days on Market233
Property Features for 2867 N Detroit Avenue
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
full renovation
Additional Details
Multifamily Units
2
Amenities
Shingles
Building Details
Building Size
2,128 SF
Year Built
1901
Stories
2
Listing Agency:
Key Realty LTD
Listed By:
Derek Berg
(419) 279-6502
Source:
Kw
Added: Feb 26
Changed: Oct 16
Last Checked: Oct 16 at 8:13AM
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
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Investment Insights
Based on property information with market context.
Built in 1901, this duplex contains more than 2,000 square feet across two residential units. Each unit includes a generously sized living area and well-proportioned bedrooms, while the property is positioned for a complete renovation. Some building materials will remain on site for the project. Shingle roofing is listed among the exterior features.
The property is directly across from Glenwood Elementary School, with Ottawa Park nearby and Downtown Toledo a short drive away. Its setting places schools, recreation, and city amenities within convenient reach.
The property is directly across from Glenwood Elementary School, with Ottawa Park nearby and Downtown Toledo a short drive away. Its setting places schools, recreation, and city amenities within convenient reach.
Key Highlights
- Duplex with more than 2,000 square feet
- Two units with large living areas and well‑sized bedrooms
- Full renovation opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,932
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,640
$358.6K
Cap Rate 7%
$256,171
$256.2K
Cap Rate 9%
$199,244
$199.2K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$34.0K $15.96/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$32.6K $15.32/SF
− OpEx
−$14.7K −$6.89/SF
NOI
$17.9K $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%
$358,640
Cap Rate 7%
$256,171
Cap Rate 9%
$199,244
Alternative Uses
Best Use
Multifamily LT 5
$277.6K
$242.9K – $323.9K
NOI $19,431 @ 7.0% cap · market cap 78.04%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,932 @ 7.0% cap · market cap 72.02%
Theoretical Best
Office A
$354.1K
$309.9K – $413.2K
NOI $24,790 @ 7.0% cap · market cap 99.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 43610, OH
4,159
Population
2,470
Households
1.7
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
1.2 sq mi
ZIP Area
3,466
Density / Sq Mi
$38,369
Median Household Income
$31,719
Median Earnings
$895
Median Rent
$73,400
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 spacious interiors, remaining building materials, and a full renovation opportunity.
Where is this duplex located?
The property is located at 2867 N Detroit Avenue Toledo, OH.
What are key features of this property?
This property features: Duplex with more than 2,000 square feet; Two units with large living areas and well‑sized bedrooms; Full renovation opportunity
