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Renovated 6-Unit Apartment Building
New
For Sale
$275,000

353 Kenilworth Ave, Toledo, OH 43610

Renovated multifamily property with a varied unit mix, shared laundry, and updated building systems.

Property Size10,824 SF
Lot Size0.12 Acres
Price / SF$25.41
Days on Market3

Property Features for 353 Kenilworth Ave

General Information

Standard status Active
Size 10,824 SF
Lot size 0.12 Acres
Property subtype Multifamily
Occupancy 50%

Units

Unit Mix 4 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units 6

Amenities

shared basement laundry

Building Details

Building Size 10,824 SF
Year Built 1909
Year Renovated 2024
Buildings 1
Listing Agency: SVN Ascension
Listed By: Patrick West · License #OH #SAL.2023003931
Source: Svn-acre
Added: Aug 9 Changed: Aug 11 Last Checked: Aug 11 at 6:34AM

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 SVN Ascension

Investment Insights

Based on property information with market context.

This six-unit apartment building in Toledo’s Old West End contains 10,824 SF on 0.1207 acres. The unit mix includes four three-bedroom, one-bath apartments and two two-bedroom, one-bath apartments. Originally built in 1909, the property underwent renovation in 2024, including roof work, refreshed common areas, wood flooring, new apartment entry doors, and plumbing and electrical improvements in most units.

Electric service is individually metered for each apartment, while water and boiler electric are master-metered and owner-paid. A shared basement laundry area includes a washer and dryer. Current occupancy is 50%, and the proforma reflects a 15.95% cap rate at stabilization. Downtown Toledo, the Museum of Art, Central Catholic schools, Toledo Public Schools, and St. Vincent’s Hospital are nearby, with the schools and hospital identified within one mile.

Key Highlights

  • 10,824 SF apartment building on 0.1207 acres
  • Six units: four 3 bed/1 bath and two 2 bed/1 bath apartments
  • Built in 1909 and renovated in 2024

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant Dental Office

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

Lease Details

6
Residential units
50%
Occupancy

Location Intelligence

Trade Area within ½ mile

968
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Renovated multifamily property with a varied unit mix, shared laundry, and updated building systems.
Where is this apartment building located?
The property is located at 353 Kenilworth Ave Toledo, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 10,824 SF apartment building on 0.1207 acres; Six units: four 3 bed/1 bath and two 2 bed/1 bath apartments; Built in 1909 and renovated in 2024
More about this property
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