Westgate Condo with Prime
For Sale
$94,000
3010 W Central Avenue, Toledo, OH 43606
Desirable 2-bed, 2-bath condo with parking and amenities.
Property Size1,026 SF
Days on Market361
Property Features for 3010 W Central Avenue
General Information
Standard status
Active
Size
1,026 SF
Property subtype
Condominium
Amenities
Boiler
Central Air
Radiant
Dishwasher
Disposal
Dryer
Electric Oven
Electric Range
Electric Range Connection
Refrigerator
Washer
Pool, Sewer Connected, Electricity Connected, Natural Gas Connected, Shingles
Building Details
Building Size
1,026 SF
Year Built
1965
Stories
1
Listing Agency:
RE/MAX Masters
Listed By:
Richard L. Snider · License #412689
(419) 215-7474
Source:
Kw
Added: Oct 22, 2025
Changed: Oct 14
Last Checked: Oct 16 at 8:25AM
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 RE/MAX Masters
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Investment Insights
Based on property information with market context.
This desirable main-level corner unit is a 2-bed, 2-bath condo located in Carriage House West. The unit includes secure underground parking, an in-ground pool, separate storage, and in-unit laundry. Water and HVAC are included in the condo fee. The primary bedroom features a walk-in closet. All appliances are included. The property is situated in a Westgate location, close to the library, expressway, University of Toledo, ProMedica, parks, shopping, entertainment, and schools. The building includes a common meeting area and an elevator. The end unit offers natural light.
Key Highlights
- Desirable main level corner unit with abundant natural light
- Secure underground parking and in‑unit laundry
- Water and HVAC included in condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,646
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,920
$172.9K
Cap Rate 7%
$123,514
$123.5K
Cap Rate 9%
$96,067
$96.1K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$16.4K $15.96/SF
− Vacancy
−$655 −$0.64/SF
EGI
$15.7K $15.32/SF
− OpEx
−$7.1K −$6.89/SF
NOI
$8.6K $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%
$172,920
Cap Rate 7%
$123,514
Cap Rate 9%
$96,067
Alternative Uses
Best Use
Apartment 5plus
$123.5K
$108.1K – $144.1K
NOI $8,646 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$170.7K
$149.4K – $199.2K
NOI $11,952 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
952
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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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?
Apartment building - Desirable 2-bed, 2-bath condo with parking and amenities.
Where is this apartment building located?
The property is located at 3010 W Central Avenue Toledo, OH.
What is the asking price?
The asking price for this property is $94,000.
What are key features of this property?
This property features: Desirable main level corner unit with abundant natural light; Secure underground parking and in‑unit laundry; Water and HVAC included in condo fee
