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Four-Unit Multifamily Investment Opportunity
For Sale
$89,500

3456 W Alexis Road, Toledo, OH 43623

Four-unit complex in Washington Local School District, all units leased.

Property Size1,872 SF
Lot Size0.12 Acres
Days on Market345

Property Features for 3456 W Alexis Road

General Information

Standard status Active
Size 1,872 SF
Lot size 0.12 Acres
Property subtype Apartment

Amenities

Radiant
Electric
Window Unit(s)
Water Heater
Electric Range Connection
Refrigerator
Cable Connected, Shingles

Building Details

Building Size 1,872 SF
Year Built 1969
Stories 2
Listing Agency: Serenity Realty LLC
Listed By: Taylor Marie Ritenour
Source: Kw
Added: Sep 23, 2025 Changed: Aug 21 Last Checked: Sep 1 at 2:28PM

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 Serenity Realty LLC

Investment Insights

Based on property information with market context.

This four-unit multifamily property presents an investment opportunity in the Washington Local School District. The complex consists of four units, all of which are currently leased on month-to-month agreements. This arrangement offers flexibility for new owners to renegotiate existing leases or bring in new tenants. The units are described as well-maintained, suggesting a property in good condition. The property is positioned as an income-generating asset, with the potential for strong rental demand in the area.

Key Highlights

  • Four‑unit complex provides immediate income potential.
  • Located in the desirable Washington Local School District.
  • All units are currently leased.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

356
Businesses Nearby

Demographics for 43623, OH

20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit complex in Washington Local School District, all units leased.
Where is this quadplex located?
The property is located at 3456 W Alexis Road Toledo, OH.
What is the asking price?
The asking price for this property is $89,500.
What are key features of this property?
This property features: Four‑unit complex provides immediate income potential.; Located in the desirable Washington Local School District.; All units are currently leased.
More about this property
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