Four-Unit Multifamily
4847 Wickford Dr E Sylvania, OH 43560
4847 Wickford Dr E, Sylvania, OH, 43560
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For Sale
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Fully occupied four-unit multifamily property with two 3-bedroom and two 2-bedroom apartment layouts.
Property Size8,400 SF
Price / SF$83.33
Days on Market77
Property Features for 4847 Wickford Dr E
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agency
SVN Ascension Commercial Realty
(419) 466-5501
Listed by
Doug Wright, CCIM · License #BRKA2001001738
Source
Crexi
Added: May 6 Updated: Jul 21 at 12:27PM Checked: Jul 21 at 12:27PM
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 8,400-square-foot multifamily property for sale consists of four units: two 2,200-square-foot 3-bedroom, 1.5-bath units and two 2,000-square-foot 2-bedroom, 1.5-bath units. The property is fully occupied, with all tenants currently on month-to-month leases.
The building is located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital.
The unit mix and month-to-month occupancy provide a straightforward residential income profile within a four-unit structure.
The building is located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange and just southwest of Toledo Flower Hospital.
The unit mix and month-to-month occupancy provide a straightforward residential income profile within a four-unit structure.
Key Highlights
- 8,400 SF four‑unit multifamily property in Sylvania, Ohio, built in 1965
- Two 2,200 SF units: 3 bedrooms and 1.5 baths each
- Two 2,000 SF units: 2 bedrooms and 1.5 baths each
Local Financial Insights For Apartment 5plus
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 | $115.9k | $13.80 |
| − Vacancy | −$8.5k | −$1.01 |
| EGI | $107.5k | $12.79 |
| − OpEx | −$48.4k | −$5.76 |
| NOI | $59.1k | $7.04 |
8,400 SF · lease $13.80/SF/yr · vacancy 7.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$966.3K
$845.5K – $1.13M
NOI $67,640 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$844.3K
$738.8K – $985.0K
NOI $59,102 @ 7.0% cap · market cap 8.44%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.79M
NOI $107,617 @ 7.0% cap · market cap 15.37%
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 - Fully occupied four-unit multifamily property with two 3-bedroom and two 2-bedroom apartment layouts.
Where is this quadplex located?
The property is located at 4847 Wickford Dr E Sylvania, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 8,400 SF four‑unit multifamily property in Sylvania, Ohio, built in 1965; Two 2,200 SF units: 3 bedrooms and 1.5 baths each; Two 2,000 SF units: 2 bedrooms and 1.5 baths each
