Four-Unit Multifamily
For Sale
$650,000
4839 Wickford Dr E, Sylvania, OH 43560
Four fully occupied 3-bedroom units with individually metered utilities and tenant laundry hookups.
Property Size7,200 SF
Price / SF$90.28
Days on Market141
Property Features for 4839 Wickford Dr E
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
Laundry Hookups
Pet Friendly
Two Entryways
Patio Spaces & Covered Storage Shed
Stove and Fridge for Each Unit
Individually Metered Units
Building Details
Building Size
7,200 SF
Year Built
1965
Listed By:
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source:
Svn
Added: Jun 2
Changed: Oct 7
Last Checked: Oct 19 at 4:02AM
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 Doug Wright, CCIM
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Investment Insights
Based on property information with market context.
This 7,200 SF multifamily property is comprised of four 1,800 SF units, each offering three bedrooms and 1.5 bathrooms. The units are individually metered and include stove and refrigerator in each unit. Additional on-site features include in-unit laundry hookups, two entryways, patio space, and covered storage shed. The property offers pet-friendly accommodations and includes eight surface-level parking spaces.
The building is located in the heart of Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital. Current tenants are in place, with all units on month-to-month leases. Zoning is listed as R-3.
The building is located in the heart of Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital. Current tenants are in place, with all units on month-to-month leases. Zoning is listed as R-3.
Key Highlights
- 7,200 SF multifamily property in Sylvania, OH built in 1965
- Four 1,800 SF units, each with 3 bedrooms and 1.5 baths
- All units are fully occupied with tenants on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,977
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,540
$1.2M
Cap Rate 7%
$828,243
$828.2K
Cap Rate 9%
$644,189
$644.2K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$89.0K $12.36/SF
− Vacancy
−$6.2K −$0.86/SF
EGI
$82.8K $11.50/SF
− OpEx
−$24.8K −$3.45/SF
NOI
$58.0K $8.05/SF
Area
Lucas County, OH
Vacancy
6.93%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,540
Cap Rate 7%
$828,243
Cap Rate 9%
$644,189
Alternative Uses
Best Use
Multifamily LT 5
$828.2K
$724.7K – $966.3K
NOI $57,977 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$723.7K
$633.2K – $844.3K
NOI $50,659 @ 7.0% cap · market cap 7.79%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,243 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 43560, OH
34,204
Population
13,107
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
1,613
Density / Sq Mi
$104,865
Median Household Income
$59,940
Median Earnings
$1,102
Median Rent
$262,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied 3-bedroom units with individually metered utilities and tenant laundry hookups.
Where is this quadplex located?
The property is located at 4839 Wickford Dr E Sylvania, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7,200 SF multifamily property in Sylvania, OH built in 1965; Four 1,800 SF units, each with 3 bedrooms and 1.5 baths; All units are fully occupied with tenants on month‑to‑month leases
