Four-Unit Multifamily
For Sale
$700,000
4855 Wickford Dr E, Sylvania, OH 43560
All residences are occupied, separately metered, and equipped with laundry hookups and individual kitchen appliances.
Property Size8,400 SF
Price / SF$83.33
Days on Market155
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Property Features for 4855 Wickford Dr E
General Information
Standard status
Active
Size
8,400 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
R-3
Occupancy
100%
Units
Unit Mix
2 x 3BR/1.5BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
In Unit Laundry Hookups
Walk-out basement patio
Pet Friendly
Individually Metered Units
Refrigerator
Microwave
Dishwasher
Stove/Oven
Building Details
Building Size
8,400 SF
Year Built
1965
Listed By:
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source:
Svn
Added: May 14
Changed: Oct 11
Last Checked: Oct 14 at 7:46PM
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
Investment Insights
Based on property information with market context.
This 8,400 SF quadplex contains four residential units: two 2,200 SF layouts with three bedrooms and 1.5 baths, plus two 2,000 SF layouts with two bedrooms and one bath. Each unit includes a refrigerator, microwave, dishwasher, and stove/oven, along with laundry hookups. Additional features include walk-out basement patios, pet-friendly provisions, individually metered utilities, and eight paved, surface-level parking spaces. The property was built in 1965 and carries R-3 zoning.
All four units are occupied, with tenants currently operating under month-to-month leases. The property is 1.5 miles from the US-23 South interchange and positioned just southwest of Toledo Flower Hospital in Sylvania, Ohio.
All four units are occupied, with tenants currently operating under month-to-month leases. The property is 1.5 miles from the US-23 South interchange and positioned just southwest of Toledo Flower Hospital in Sylvania, Ohio.
Key Highlights
- 8,400 SF quadplex with four residential units
- Two 2,200 SF 3 bed/1.5 bath units and two 2,000 SF 2 bed/1 bath units
- All four units occupied with month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,102
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,040
$1.2M
Cap Rate 7%
$844,314
$844.3K
Cap Rate 9%
$656,689
$656.7K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$115.9K $13.80/SF
− Vacancy
−$8.5K −$1.01/SF
EGI
$107.5K $12.79/SF
− OpEx
−$48.4K −$5.76/SF
NOI
$59.1K $7.04/SF
Area
Lucas County, OH
Vacancy
7.30%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,040
Cap Rate 7%
$844,314
Cap Rate 9%
$656,689
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 authorities.
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Property Analytics
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Current Use
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied, separately metered, and equipped with laundry hookups and individual kitchen appliances.
Where is this quadplex located?
The property is located at 4855 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 quadplex with four residential units; Two 2,200 SF 3 bed/1.5 bath units and two 2,000 SF 2 bed/1 bath units; All four units occupied with month‑to‑month leases
