Updated Duplex with Attached
New
For Sale
$330,000
5751 Cresthaven Ln, Toledo, OH 43614
Each residence includes three bedrooms and two full bathrooms, with an attached garage serving one unit.
Property Size2,640 SF
Price / SF$125
Days on Market3
Property Features for 5751 Cresthaven Ln
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,500
Building Details
Year Built
1971
Listing Agency:
Serenity Realty LLC
Listed By:
Arslan Adil
(419) 410-7280
Source:
Gogiverrealestate
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 5:33AM
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 Serenity Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1971, this duplex contains two residences, each with three bedrooms and two full bathrooms. Both units have updated kitchens and bathrooms, along with new flooring and paint. An attached garage is included with one of the residences.
Both units are currently rented, and tenants pay their own utilities.
Both units are currently rented, and tenants pay their own utilities.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Both units are currently rented
- Updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,107
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,140
$482.1K
Cap Rate 7%
$344,386
$344.4K
Cap Rate 9%
$267,856
$267.9K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$35.8K $13.56/SF
− Vacancy
−$1.4K −$0.52/SF
EGI
$34.4K $13.04/SF
− OpEx
−$10.3K −$3.91/SF
NOI
$24.1K $9.13/SF
Area
Toledo, OH
Vacancy
3.80%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,140
Cap Rate 7%
$344,386
Cap Rate 9%
$267,856
Alternative Uses
Best Use
Multifamily LT 5
$344.4K
$301.3K – $401.8K
NOI $24,107 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$317.8K
$278.1K – $370.8K
NOI $22,247 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$439.4K
$384.4K – $512.6K
NOI $30,755 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 43614, OH
29,866
Population
14,651
Households
2
Avg Household Size
42
Median Age
32%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
3,318
Density / Sq Mi
$57,253
Median Household Income
$38,463
Median Earnings
$887
Median Rent
$160,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms and two full bathrooms, with an attached garage serving one unit.
Where is this duplex located?
The property is located at 5751 Cresthaven Ln Toledo, OH.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Both units are currently rented; Updated kitchens and bathrooms in both units
