4-Unit Townhome
New
For Sale
$650,000
326 Wrexham Ln, Maumee, OH 43537
Separate utility metering and individual basements support the property’s four-home configuration.
Property Size7,524 SF
Price / SF$86.39
Days on Market3
Property Features for 326 Wrexham Ln
General Information
Standard status
Active
Size
7,524 SF
Total Parking Spaces
10
Property subtype
Multifamily
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA, 1 x 2BR/1.5BA, 1 x 4BR/2BA
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
private patio
basement
pets allowed
range
refrigerator
microwave
dishwasher
washer/dryers
Building Details
Building Size
7,524 SF
Year Built
1979
Buildings
1
Stories
2
Tenancy
Multi
Listed By:
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source:
Svn-acre
Added: Oct 30
Last Checked: Nov 1 at 4:32AM
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 Doug Wright, CCIM
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Investment Insights
Based on property information with market context.
This four-unit residential property contains two-story townhomes, each with a private patio and basement. The unit mix includes two three-bedroom homes, one two-bedroom home, and one four-bedroom home. The buildings were constructed in 1979, and the property is fully occupied. Appliances include ranges, refrigerators, microwaves, dishwashers, and washers and dryers. Utilities are separately metered; residents pay for utilities other than water. Pets are allowed, and parking includes carport and surface spaces.
The property is in Maumee, within the Maumee School District. The Reynolds Road and Dussel Drive retail corridor, with national retailers, restaurants, and hotels, is nearby. The I-80/90 turnpike tollgate is 1/2 mile away, and the I-475 interchange is just under 2 miles away. The surrounding city also includes river recreation, Side-Cut Metropark, employment centers, and major healthcare facilities.
The property is in Maumee, within the Maumee School District. The Reynolds Road and Dussel Drive retail corridor, with national retailers, restaurants, and hotels, is nearby. The I-80/90 turnpike tollgate is 1/2 mile away, and the I-475 interchange is just under 2 miles away. The surrounding city also includes river recreation, Side-Cut Metropark, employment centers, and major healthcare facilities.
Key Highlights
- Four townhomes: two with 3 bedrooms, one with 2 bedrooms, and one with 4 bedrooms
- Two‑story buildings with a basement and private patio for each home
- Fully occupied; constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,938
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,760
$1.1M
Cap Rate 7%
$756,257
$756.3K
Cap Rate 9%
$588,200
$588.2K
Market Conditions
NOI Build-Up for 7,524 SF
Gross rent
$103.8K $13.80/SF
− Vacancy
−$7.6K −$1.01/SF
EGI
$96.3K $12.79/SF
− OpEx
−$43.3K −$5.76/SF
NOI
$52.9K $7.04/SF
Area
Lucas County, OH
Vacancy
7.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,760
Cap Rate 7%
$756,257
Cap Rate 9%
$588,200
Alternative Uses
Best Use
Multifamily LT 5
$865.5K
$757.3K – $1.01M
NOI $60,586 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$756.3K
$661.7K – $882.3K
NOI $52,938 @ 7.0% cap · market cap 8.14%
Theoretical Best
Specialty Retail
$1.38M
$1.20M – $1.61M
NOI $96,394 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
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Business Placement
Demographics for 43537, OH
29,075
Population
13,071
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
1,563
Density / Sq Mi
$85,919
Median Household Income
$49,020
Median Earnings
$1,017
Median Rent
$235,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate utility metering and individual basements support the property’s four-home configuration.
Where is this quadplex located?
The property is located at 326 Wrexham Ln Maumee, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four townhomes: two with 3 bedrooms, one with 2 bedrooms, and one with 4 bedrooms; Two‑story buildings with a basement and private patio for each home; Fully occupied; constructed in 1979
