Four-Unit Multifamily
4901 Wickford Dr E Sylvania, OH 43560
4901 Wickford Dr E, Sylvania, OH, 43560
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For Sale
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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 Market79
Property Features for 4901 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) 466-5501
Listed by
Doug Wright, CCIM · License #BRKA2001001738
Source
Crexi
Added: May 6 Updated: Jul 22 at 7:01PM Checked: Jul 22 at 7:01PM
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 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
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 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
