5-Unit Apartment
For Sale
$559,900
616 Louisiana Ave, Perrysburg, OH 43551
Renovated multifamily property with updated building systems, finishes, appliances, and fixtures throughout.
Property Size3,354 SF
Price / SF$166.94
Days on Market77
Property Features for 616 Louisiana Ave
General Information
Standard status
Active
Size
3,354 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Listing Agency:
Loss Realty Group
(419) 537-0090
Listed By:
Taylor Andrew McNeill · License #OH2016001195
(419) 699-6017
Source:
Exprealty
Added: Jul 22
Changed: Oct 2
Last Checked: Oct 5 at 7:25PM
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 Loss Realty Group
Investment Insights
Based on property information with market context.
Located at 616 Louisiana Ave in Perrysburg, Ohio, this five-unit apartment property contains 3,354 square feet. The building has been comprehensively renovated, including replacement roofs, windows, exterior finishes, and interior finishes.
Interior improvements extend across the flooring, doors, cabinetry, fixtures, and appliances. The updated components were professionally finished and installed, providing a cohesive residential income property with substantial renovation work completed.
Interior improvements extend across the flooring, doors, cabinetry, fixtures, and appliances. The updated components were professionally finished and installed, providing a cohesive residential income property with substantial renovation work completed.
Key Highlights
- Five‑unit apartment property in Perrysburg, Ohio
- 3,354 square feet of property size
- Replacement roofs and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,866
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,320
$517.3K
Cap Rate 7%
$369,514
$369.5K
Cap Rate 9%
$287,400
$287.4K
Market Conditions
NOI Build-Up for 3,354 SF
Gross rent
$49.5K $14.76/SF
− Vacancy
−$2.5K −$0.74/SF
EGI
$47.0K $14.02/SF
− OpEx
−$21.2K −$6.31/SF
NOI
$25.9K $7.71/SF
Area
Wood County, OH
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,320
Cap Rate 7%
$369,514
Cap Rate 9%
$287,400
Alternative Uses
Best Use
Apartment 5plus
$369.5K
$323.3K – $431.1K
NOI $25,866 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.2K
$683.6K – $911.4K
NOI $54,686 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 43551, OH
43,235
Population
19,434
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
97%
High-School Grad
77.6 sq mi
ZIP Area
557
Density / Sq Mi
$91,460
Median Household Income
$58,846
Median Earnings
$1,185
Median Rent
$284,800
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with updated building systems, finishes, appliances, and fixtures throughout.
Where is this apartment building located?
The property is located at 616 Louisiana Ave Perrysburg, OH.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Five‑unit apartment property in Perrysburg, Ohio; 3,354 square feet of property size; Replacement roofs and windows
