6-Unit Apartment
428 Machen St, Toledo, OH 43620
For Sale
$249,000
The property is fully occupied, with a mix of lease terms and month-to-month tenancies.
Property Size7,808 SF
Price / SF$31.89
Days on Market23
Property Features for 428 Machen St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Listing Agency:
J Bowen & Company
(419) 239-6046
Listed By:
Sarah Jurkiewicz
(419) 250-3186
Source:
Exprealty
Added: Oct 22
Changed: Nov 12
Last Checked: Nov 12 at 2:15PM
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 J Bowen & Company
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Investment Insights
Based on property information with market context.
This six-unit apartment building at 428 Machen St in Toledo is fully occupied. Two units have been recently improved and are under signed leases. Lease structures vary, with some tenants on month-to-month terms, offering different timing across the rent roll.
Each apartment has separate gas and electric meters. The owner covers water and sewer, trash removal, and electricity for common areas. Basement laundry equipment is in place and may provide additional income. Three tenants participate in rental assistance programs. Showings are by appointment with advance coordination; tenants should not be disturbed.
Each apartment has separate gas and electric meters. The owner covers water and sewer, trash removal, and electricity for common areas. Basement laundry equipment is in place and may provide additional income. Three tenants participate in rental assistance programs. Showings are by appointment with advance coordination; tenants should not be disturbed.
Key Highlights
- Six occupied apartments
- Two recently improved units with signed leases
- Separate gas and electric meters for each unit
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
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Business Placement
Demographics for 43620, OH
5,019
Population
3,003
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
80%
High-School Grad
1.1 sq mi
ZIP Area
4,563
Density / Sq Mi
$21,405
Median Household Income
$30,539
Median Earnings
$584
Median Rent
$115,600
Median Home Value
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Market
Properties on Market for Apartment buildings in Toledo
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The property is fully occupied, with a mix of lease terms and month-to-month tenancies.
Where is this apartment building located?
The property is located at 428 Machen St Toledo, OH.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Six occupied apartments; Two recently improved units with signed leases; Separate gas and electric meters for each unit
