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4-Unit Apartment Building
New
For Sale
$275,000

428 Platt St, Toledo, OH 43605

Four residences provide a consistent two-bedroom, one-bathroom layout, with updates completed across the property.

Property Size4,808 SF
Price / SF$57.20
Days on Market3

Property Features for 428 Platt St

General Information

Standard status Active
Size 4,808 SF
Property subtype Multifamily

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Gross Income $41,460

Building Details

Year Built 1922
Listing Agency: Serenity Realty LLC
Listed By: Nicole Marie Pass
Source: Gogiverrealestate
Added: Oct 20 Changed: Oct 22 Last Checked: Oct 22 at 5:44AM

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

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Investment Insights

Based on property information with market context.

This 4,808-square-foot quadplex at 428 Platt St contains four units, each arranged with two bedrooms and one full bathroom. Built in 1922, the property has received several updates, and the existing unit configuration supports residential rental use.

The property is in East Toledo, within minutes of Downtown Toledo, major roadways, shopping, dining, entertainment, and the riverfront. Development connecting the neighborhood with downtown and riverfront areas is ongoing.

Key Highlights

  • Four units, each with 2 bedrooms and 1 full bathroom
  • 4,808 square feet
  • Built in 1922; several updates completed

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

530
Businesses Nearby

Demographics for 43605, OH

25,007
Population
11,985
Households
2.1
Avg Household Size
34
Median Age
9%
College-Educated
79%
High-School Grad
7.2 sq mi
ZIP Area
3,473
Density / Sq Mi
$36,389
Median Household Income
$27,210
Median Earnings
$847
Median Rent
$46,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four residences provide a consistent two-bedroom, one-bathroom layout, with updates completed across the property.
Where is this quadplex located?
The property is located at 428 Platt St 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: Four units, each with 2 bedrooms and 1 full bathroom; 4,808 square feet; Built in 1922; several updates completed
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