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Property profile & analytics
OFF-MARKET
Apartment buildings

2044 Fulton St Toledo, OH 43620

33,732 SF 0.16 ac lot Built 1923
Entity Owned 4-yr Hold
Property ID
US66-1337682
Property summary
AI-generated overview

This exceptional 45-unit apartment building, located at 2044 Fulton St, Toledo, OH 43620, presents a compelling investment opportunity. The property, known as Kenmore Manor, is a Class A, six-story building totaling 33,732 square feet, constructed in 1923. Currently vacant, this multifamily property offers a unique chance to restore a historic Toledo landmark. With a list price of $499,000, the price per unit is $11,088.89, and the price per square foot is $14.79. The property is zoned Multi-Family Residential-36 and sits on APN 0724067. Its central location in Downtown Toledo provides easy access to the Old West End, Toledo Art Museum, and St. Vincent Medical Center. The building's ground floor presents potential for retail development. Furthermore, its location within an Opportunity Zone offers significant tax incentives for investors. This is an affordable multifamily investment with considerable upside potential. The property's rich history and prime location make it an ideal candidate for revitalization and a strong addition to any investment portfolio.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1923
Total area 33,732 SF
Lot 0.16 ac (6,764 SF)
Zoning code 10-RM36
APN 07-24067
UPID US66-1337682
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Midwest Capital Advisors LLC · 4 yrs held
Midwest Capital Advisors LLC
since 2022
Last sale
$100,000
5 recorded transactions
2025
Price N/A
2022
$100,000
2020
Price N/A
2012
$1
2003
$183,334
Zoning & alternative use
10-RM36 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
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