Log In/Sign Up
Your email has been sent.
1202-8 Nevada St 8 Unit Apartment Building $299,000 ($37,375/Unit) Toledo, OH 43605
Executive Summary
Position your portfolio for consistent cash flow with this fully occupied six-unit multifamily investment located in the heart of East Toledo. The property offers immediate in-place income with stabilized occupancy, making it an attractive opportunity for investors seeking dependable cash flow today while maintaining upside through future rent optimization.
The property consists of six residential units totaling approximately 6,900 SF, situated on a corner lot with tenant-paid gas and electric, helping reduce landlord operating expenses. The asset has continued to generate reliable rental income and provides investors with the opportunity to improve returns through strategic management and gradual rent increases as leases renew.
Located minutes from Downtown Toledo, I-280, major employers, and the Port of Toledo, the property benefits from strong workforce housing demand and excellent accessibility. East Toledo continues to attract investors seeking affordable multifamily assets with long-term appreciation potential.
Whether you're completing a 1031 exchange, adding to an existing Midwest portfolio, or acquiring your first stabilized multifamily asset, 1202-1208 Nevada Street offers immediate income with future upside.
The property consists of six residential units totaling approximately 6,900 SF, situated on a corner lot with tenant-paid gas and electric, helping reduce landlord operating expenses. The asset has continued to generate reliable rental income and provides investors with the opportunity to improve returns through strategic management and gradual rent increases as leases renew.
Located minutes from Downtown Toledo, I-280, major employers, and the Port of Toledo, the property benefits from strong workforce housing demand and excellent accessibility. East Toledo continues to attract investors seeking affordable multifamily assets with long-term appreciation potential.
Whether you're completing a 1031 exchange, adding to an existing Midwest portfolio, or acquiring your first stabilized multifamily asset, 1202-1208 Nevada Street offers immediate income with future upside.
Property Facts
| Price | $299,000 | Building Class | C |
| Price Per Unit | $37,375 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 8,872 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1897 |
| Apartment Style | Low-Rise | ||
| Zoning | RD6 - RD6 - Duplex Residential -6,000sq ft | ||
| Price | $299,000 |
| Price Per Unit | $37,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,872 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1897 |
| Zoning | RD6 - RD6 - Duplex Residential -6,000sq ft |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Ceiling Fans
- Crown Molding
- Basement
- Built-In Bookshelves
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 980 - 6,912 |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $66,220 | |
| Land Assessment | $945 | Total Assessment | $67,165 |
Property Taxes
Parcel Numbers
Land Assessment
$945
Improvements Assessment
$66,220
Total Assessment
$67,165
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
1202-8 Nevada St