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Twelve-Unit Multifamily Investment Opportunity
For Sale
$989,000

801/811 Hilltop Lane, Toledo, OH 43615

Two six-unit buildings with strong rental income and recent updates.

Property Size11,900 SF
Lot Size0.75 Acres
Days on Market276

Property Features for 801/811 Hilltop Lane

General Information

Standard status Active
Size 11,900 SF
Lot size 0.75 Acres
Property subtype Apartment

Amenities

Cable Ready
Central Air
Natural Gas
Water Heater
Electric Cooktop
Electric Oven
Electric Range
Refrigerator
Washer
Cable Available, Internet Available, Shingles

Building Details

Building Size 11,900 SF
Year Built 1987
Stories 3
Listing Agency: Howard Hanna
Listed By: Jill M. Perry
Source: Kw
Added: Nov 19, 2025 Changed: Aug 14 Last Checked: Aug 22 at 12:41PM

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 Howard Hanna

Investment Insights

Based on property information with market context.

This is an investment opportunity featuring two six-unit buildings, totaling 12 units. The property generates a yearly rent of $123,768. Each unit features an open floor plan with a living room, dining room, and kitchen area, along with two bedrooms that include closet space. Laundry facilities and a garage are available for each unit, and balconies are included. The property has been well-maintained, with new roofs installed on both buildings in 2020 and on the garages in 2021. The exterior was painted in 2023. Many units have newer carpet and plank flooring, and some have newer hot water heaters, furnaces, and AC units. One unit is currently vacant to facilitate showings.

Key Highlights

  • High Income Potential: $123,768 yearly rent from 12 units.
  • Individual Garages: Each unit has its own garage.
  • Laundry in Each Unit: Provides convenience for tenants.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store (Bike/Boat/Book/etc) Store HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

341
Businesses Nearby

Demographics for 43615, OH

39,449
Population
19,620
Households
2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
16.5 sq mi
ZIP Area
2,391
Density / Sq Mi
$58,466
Median Household Income
$38,196
Median Earnings
$1,014
Median Rent
$137,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two six-unit buildings with strong rental income and recent updates.
Where is this apartment building located?
The property is located at 801/811 Hilltop Lane Toledo, OH.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: High Income Potential: $123,768 yearly rent from 12 units.; Individual Garages: Each unit has its own garage.; Laundry in Each Unit: Provides convenience for tenants.
More about this property
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