2044 Fulton St Toledo, OH 43620
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-RM36 · Toledo, OHCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.