Two-Building Quadplex Income
4831 Wickford Dr E Sylvania, OH 43560
4831 Wickford Dr E, Sylvania, OH, 43560
$339,900
For Sale
$339,900
Two buildings each contain two 2-bedroom, 1-bath units, fully occupied on month-to-month leases.
Property Size3,520 SF
Price / SF$96.56
Days on Market65
Property Features for 4831 Wickford Dr E
General Information
- Standard status
- Active
- Size
- 3,520 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1965
Listing agency
SVN | Ascension Commercial Realty
Listed by
Doug Wright, CCIM · License #BRKA2001001738
Source
Commercialcafe
Added: May 18 Updated: Jul 20 at 9:12PM Checked: Jul 21 at 3:41AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
This 3,520 SF multifamily property consists of two separate buildings, with each building containing two 836 SF units. The four total residences are 2-bedroom, 1-bath layouts. The property is fully occupied, and all tenants are currently on month-to-month leases.
The buildings are located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital.
The offering is available either individually or as part of a larger multi-asset portfolio. No showings will be scheduled until an offer is accepted. Offers are due Friday, May 22, and the signed Lead Paint Disclosure and Residential Seller Property Disclosure forms must be included with the offer.
The buildings are located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital.
The offering is available either individually or as part of a larger multi-asset portfolio. No showings will be scheduled until an offer is accepted. Offers are due Friday, May 22, and the signed Lead Paint Disclosure and Residential Seller Property Disclosure forms must be included with the offer.
Key Highlights
- 3,520 SF multifamily property in Sylvania, Ohio, built in 1965
- Two buildings with four total units: 2 x 836 SF buildings with two 2‑bed, 1‑bath units each
- Fully occupied; all tenants on month‑to‑month leases
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $12.36 |
| − Vacancy | −$3.0k | −$0.86 |
| EGI | $40.5k | $11.50 |
| − OpEx | −$12.1k | −$3.45 |
| NOI | $28.3k | $8.05 |
3,520 SF · lease $12.36/SF/yr · vacancy 6.93% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.9K
$354.3K – $472.4K
NOI $28,345 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$353.8K
$309.6K – $412.8K
NOI $24,766 @ 7.0% cap · market cap 7.29%
Theoretical Best
Specialty Retail
$644.2K
$563.7K – $751.6K
NOI $45,096 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two buildings each contain two 2-bedroom, 1-bath units, fully occupied on month-to-month leases.
Where is this quadplex located?
The property is located at 4831 Wickford Dr E Sylvania, OH.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3,520 SF multifamily property in Sylvania, Ohio, built in 1965; Two buildings with four total units: 2 x 836 SF buildings with two 2‑bed, 1‑bath units each; Fully occupied; all tenants on month‑to‑month leases
