Updated Two-Unit
For Sale
$144,900
619 Eleanor Ave, Toledo, OH 43612
Two updated residential units with refreshed mechanical systems and roof improvements.
Property Size1,536 SF
Price / SF$94.34
Days on Market70
Property Features for 619 Eleanor Ave
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Listing Agency:
Keller Williams Citywide
(440) 892-2211
Listed By:
Dave Poeppelmeier · License #2020001438
(419) 392-1792
Source:
Exprealty
Added: Jul 29
Changed: Sep 30
Last Checked: Oct 5 at 11:34PM
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 Keller Williams Citywide
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with two bedrooms and one bathroom, within 1,536 square feet. Both units have been updated, providing a refreshed interior configuration for an owner seeking a compact multifamily asset.
Property systems include newer air conditioning, furnace, and water heater equipment, while the roof was updated in 2018. The building is located at 619 Eleanor Ave in Toledo, Ohio, within the West Toledo area.
Property systems include newer air conditioning, furnace, and water heater equipment, while the roof was updated in 2018. The building is located at 619 Eleanor Ave in Toledo, Ohio, within the West Toledo area.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Both units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,944
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,880
$258.9K
Cap Rate 7%
$184,914
$184.9K
Cap Rate 9%
$143,822
$143.8K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$24.5K $15.96/SF
− Vacancy
−$981 −$0.64/SF
EGI
$23.5K $15.32/SF
− OpEx
−$10.6K −$6.89/SF
NOI
$12.9K $8.43/SF
Area
Toledo, OH
Vacancy
4.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,880
Cap Rate 7%
$184,914
Cap Rate 9%
$143,822
Alternative Uses
Best Use
Multifamily LT 5
$200.4K
$175.3K – $233.8K
NOI $14,026 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$184.9K
$161.8K – $215.7K
NOI $12,944 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$255.6K
$223.7K – $298.2K
NOI $17,894 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
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?
Duplex - Two updated residential units with refreshed mechanical systems and roof improvements.
Where is this duplex located?
The property is located at 619 Eleanor Ave Toledo, OH.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit includes 2 bedrooms and 1 bathroom; Both units have been updated
