Four-Unit Multifamily
4839 Wickford Dr E Sylvania, OH 43560
4839 Wickford Dr E, Sylvania, OH, 43560
$650,000
For Sale
$650,000
Four fully occupied 3-bedroom units with individually metered utilities and tenant laundry hookups.
Property Size7,200 SF
Price / SF$90.28
Days on Market50
Property Features for 4839 Wickford Dr E
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agency
SVN Ascension Commercial Realty
(419) 276-1236
Listed by
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source
Svn-acre
Added: Jun 2 Updated: Jul 21 at 2:28PM Checked: Jul 21 at 2:28PM
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 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
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 | $89.0k | $12.36 |
| − Vacancy | −$6.2k | −$0.86 |
| EGI | $82.8k | $11.50 |
| − OpEx | −$24.8k | −$3.45 |
| NOI | $58.0k | $8.05 |
7,200 SF · lease $12.36/SF/yr · vacancy 6.93% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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
