2-Unit Duplex with Updated
3001 Algonquin Pkwy, Toledo, OH 43606
For Sale
$215,000
Both apartments include kitchen appliances and a washer-dryer set, with the lower unit expected to become available this fall.
Property Size2,192 SF
Price / SF$98.08
Days on Market22
Property Features for 3001 Algonquin Pkwy
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Buildings
Listing Agency:
Dilworth Strong Real Estate
(419) 665-1619
Listed By:
Jackson Thomas Strong
(419) 266-5911
Source:
Exprealty
Added: Oct 21
Changed: Nov 10
Last Checked: Nov 10 at 12:35PM
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 Dilworth Strong Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Toledo duplex contains two apartments, each arranged with two bedrooms and one bathroom, within 2,192 square feet. Kitchen appliances and a washer-dryer set are included. The furnace and central air system were replaced two years ago.
The upper apartment has a month-to-month occupant who has lived there for more than ten years and pays gas and electric separately. The lower apartment is expected to become available this fall.
The upper apartment has a month-to-month occupant who has lived there for more than ten years and pays gas and electric separately. The lower apartment is expected to become available this fall.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,192 square feet across the duplex
- Furnace and central air replaced two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,472
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,440
$369.4K
Cap Rate 7%
$263,886
$263.9K
Cap Rate 9%
$205,244
$205.2K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$35.0K $15.96/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$33.6K $15.32/SF
− OpEx
−$15.1K −$6.89/SF
NOI
$18.5K $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%
$369,440
Cap Rate 7%
$263,886
Cap Rate 9%
$205,244
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,472 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$364.8K
$319.2K – $425.6K
NOI $25,536 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,398
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Toledo
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments include kitchen appliances and a washer-dryer set, with the lower unit expected to become available this fall.
Where is this duplex located?
The property is located at 3001 Algonquin Pkwy Toledo, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,192 square feet across the duplex; Furnace and central air replaced two years ago
