Duplex with Attached
For Sale
$849,900
7840 Dorr St, Toledo, OH 43617
Two residential spaces provide flexible living arrangements, with an updated kitchen and refreshed main-floor bathrooms.
Property Size3,977 SF
Lot Size10.00 Acres
Price / SF$213.70
Days on Market31
Property Features for 7840 Dorr St
General Information
Standard status
Active
Size
3,977 SF
Lot size
10.00 Acres
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/3BA, 1 x 1BR/2.5BA
Multifamily Units
2
Amenities
swimming pool
pole barn
chicken coop
deer blind
wooded trails
sand volleyball court
wrap-around porch
deck
Building Details
Year Built
2003
Listing Agency:
LPG Realty
(419) 601-8737
Listed By:
Tyler Tresize (tylertresize@gmail.com) · License #6501446746
Source:
Harmonyrealtygroupllc
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 31 at 5:06PM
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 LPG Realty
Investment Insights
Based on property information with market context.
Set on 10 acres in Toledo, this duplex includes two separate residential spaces joined by a heated attached garage measuring 24' x 48'. The primary residence contains 2,469 square feet with three bedrooms, three baths, an open layout, bonus room or office, wrap-around porch, storage, dual heating, and an unfinished 1,568-square-foot basement. The second residence adds 1,508 square feet, one bedroom, 2.5 baths, an open main level, deck, loft-style upper floor, and additional storage. Built in 2003, the property also includes a swimming pool, pole barn, chicken coop, deer blind, wooded trails, and a sand volleyball court. Recent improvements include interior paint, an updated kitchen, and refreshed bathrooms on the main floor.
Key Highlights
- Two residential spaces totaling 3,977 square feet
- 10‑acre Toledo property at 7840 Dorr St
- Heated attached garage measuring 24' x 48'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,300
$726.3K
Cap Rate 7%
$518,786
$518.8K
Cap Rate 9%
$403,500
$403.5K
Market Conditions
NOI Build-Up for 3,977 SF
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.
Gross rent
$53.9K $13.56/SF
− Vacancy
−$2.0K −$0.52/SF
EGI
$51.9K $13.04/SF
− OpEx
−$15.6K −$3.91/SF
NOI
$36.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$726,300
Cap Rate 7%
$518,786
Cap Rate 9%
$403,500
Alternative Uses
Best Use
Multifamily LT 5
$518.8K
$453.9K – $605.3K
NOI $36,315 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$478.8K
$418.9K – $558.6K
NOI $33,514 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$661.9K
$579.1K – $772.2K
NOI $46,330 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 43617, OH
7,659
Population
3,248
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
1,473
Density / Sq Mi
$131,935
Median Household Income
$61,927
Median Earnings
$1,145
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential spaces provide flexible living arrangements, with an updated kitchen and refreshed main-floor bathrooms.
Where is this duplex located?
The property is located at 7840 Dorr St Toledo, OH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two residential spaces totaling 3,977 square feet; 10‑acre Toledo property at 7840 Dorr St; Heated attached garage measuring 24' x 48'
