Four-Unit Multifamily
For Sale
$650,000
4901 Wickford Dr E, Sylvania, OH 43560
Four fully occupied units offer 3-bedroom, 1.5-bath layouts across 7,200 SF in Sylvania.
Property Size7,200 SF
Price / SF$90.28
Days on Market169
Property Features for 4901 Wickford Dr E
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
7,200 SF
Year Built
1965
Tenancy
Multi
Listed By:
Doug Wright, CCIM · License #OH #BRKA.2001001738
(419) 276-1236
Source:
Svn
Added: May 8
Changed: Oct 9
Last Checked: Oct 23 at 5:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,200 SF multifamily property consists of four separate 1,800 SF units, each configured as a 3-bedroom, 1.5-bath home. The building is fully occupied, and all tenants are currently on month-to-month leases.
The property is located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange. It also sits just southwest of Toledo Flower Hospital.
For investors and owner-operators seeking a straightforward four-unit arrangement, this property provides consistent unit mix and current occupancy under month-to-month tenancy.
The property is located in Sylvania, Ohio, about 1.5 miles from the US-23 South interchange. It also sits just southwest of Toledo Flower Hospital.
For investors and owner-operators seeking a straightforward four-unit arrangement, this property provides consistent unit mix and current occupancy under month-to-month tenancy.
Key Highlights
- 7,200 SF multifamily property built in 1965 in Sylvania, Ohio
- 4 units total: four 1,800 SF layouts, each with 3 bedrooms and 1.5 bathrooms
- Fully occupied with all 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units offer 3-bedroom, 1.5-bath layouts across 7,200 SF in Sylvania.
Where is this quadplex located?
The property is located at 4901 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 built in 1965 in Sylvania, Ohio; 4 units total: four 1,800 SF layouts, each with 3 bedrooms and 1.5 bathrooms; Fully occupied with all tenants on month‑to‑month leases
