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5743-5747 Summit St 3 Unit Apartment Building $449,900 ($149,967/Unit) Sylvania, OH 43560
Investment Highlights
- Located in downtown Sylvania within walking distance to retail, dining, and recreation.
- Two 3-bedroom/2.5-bath units and one 2-bedroom/1.5-bath unit.
- Zoned B-3, supporting future commercial redevelopment opportunities.
- Three residential units with laundry and garage parking.
- Month-to-month leases allow for quick repositioning or redevelopment.
- Easy access to US-23 and I-475, close to medical facilities and Sylvania Schools.
Executive Summary
This triplex property in downtown Sylvania, Ohio, offers a unique investment opportunity in a highly walkable location. Positioned within the Redbird District and the DORA District, the property is steps away from restaurants, retail, and recreational amenities, with convenient access to US-23 and I-475. The building comprises three residential units: two 3-bedroom, 2.5-bath units and one 2-bedroom, 1.5-bath unit, all occupied by long-term tenants. Month-to-month leases provide flexibility for repositioning or redevelopment.
The property includes a three-car garage and surface parking, laundry facilities in the basement, and recent renovations completed in 2025. Zoned B-3, this asset allows for future commercial redevelopment potential. It can be purchased individually or as part of a larger portfolio, creating an approximately one-acre assemblage for a more significant project. This offering is well-suited for investors seeking stable income with upside through redevelopment or repositioning in a growing downtown corridor.
The property includes a three-car garage and surface parking, laundry facilities in the basement, and recent renovations completed in 2025. Zoned B-3, this asset allows for future commercial redevelopment potential. It can be purchased individually or as part of a larger portfolio, creating an approximately one-acre assemblage for a more significant project. This offering is well-suited for investors seeking stable income with upside through redevelopment or repositioning in a growing downtown corridor.
Property Facts
| Price | $449,900 | Building Class | C |
| Price Per Unit | $149,967 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,254 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B-3 - Commercial Zoning | ||
| Price | $449,900 |
| Price Per Unit | $149,967 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,254 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | B-3 - Commercial Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-11511 | Improvements Assessment | $113,925 |
| Land Assessment | $11,235 | Total Assessment | $125,160 |
Property Taxes
Parcel Number
82-11511
Land Assessment
$11,235
Improvements Assessment
$113,925
Total Assessment
$125,160
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5743-5747 Summit St
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