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Toledo Multifamily Investment Opportunity
For Sale
$104,000

44 Greenwood Avenue, Toledo, OH 43605

Part of a larger portfolio with high occupancy and income.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market315

Property Features for 44 Greenwood Avenue

General Information

Standard status Active
Lot size 0.09 Acres
Property subtype Duplex

Building Details

Year Built 1907
Listing Agency: Rylan Realty Group Ltd
Listed By: Matt Strehl
Source: Kw
Added: Oct 2, 2025 Changed: Jul 6 Last Checked: Aug 11 at 12:52PM

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 Rylan Realty Group Ltd

Investment Insights

Based on property information with market context.

This property is offered as part of an 82-unit portfolio with an in-place capitalization rate of 8.0%, a pro forma capitalization rate of approximately 10.5%, and a net operating income of $541,000. The portfolio boasts a 95.1% occupancy rate. The entire portfolio is listed for $6.76 million. Alternatively, the 82-unit portfolio can be acquired in one of five suggested sub-portfolios. This property is included in a sub-portfolio with other properties, including addresses on Felt, Nicholas, Albert, Berdan, Walker, Champion, Prouty, Freedom, E. Pearl, Valleywood/Kelsey (corner duplex), Greenwood (duplex), Revere (duplex), and E. Broadway (triplex), offered for $1.22 million.

Key Highlights

  • Part of a portfolio with a strong in‑place cap rate of 8.0% and a pro forma cap rate of approximately 10.5%.
  • Enjoy a high occupancy rate of 95.1%.
  • Net Operating Income (NOI) is $541K.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon Acupuncture Bakery (Bike/Boat/Book/etc) Store Hair Salon

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

321
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Part of a larger portfolio with high occupancy and income.
Where is this duplex located?
The property is located at 44 Greenwood Avenue Toledo, OH.
What is the asking price?
The asking price for this property is $104,000.
What are key features of this property?
This property features: Part of a portfolio with a strong in‑place cap rate of 8.0% and a pro forma cap rate of approximately 10.5%.; Enjoy a high occupancy rate of 95.1%.; Net Operating Income (NOI) is $541K.
More about this property
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