1951 N Summit Street, Toledo, OH 43611

Toledo
Local realty services provided by:ERA Geyer Noakes Realty Group
1951 N Summit Street,Toledo, OH 43611
$239,900
  • 8 Beds
  • - Baths
  • 9,304 sq. ft.
  • Multi-family
  • Active
Listed by: keith m. degnan
Office: key realty
MLS#:10004680
Source:OH_TBR

Price summary

  • Price:$239,900
  • Price per sq. ft.:$25.78

About this home

Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Four units are currently rented, generating $2,725 per month, with a fifth unit being refurbished and projected to rent for $1,000 upon completion. Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand—potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.

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Home facts

  • Year built:1900
  • Listing ID #:10004680
  • Added:3 day(s) ago
  • Updated:March 07, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:8
  • Flooring:Carpet, Vinyl
  • Basement:Yes
  • Basement Description:Block
  • Living area:9,304 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Electric, Radiant

Structure and exterior

  • Roof:Shingle
  • Year built:1900
  • Building area:9,304 sq. ft.
  • Construction Materials:Aluminum Siding
  • Exterior Features:Awning(s)
  • Foundation Description:Block

Schools

  • High school:Woodward
  • Middle school:None
  • Elementary school:Riverside

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sanitary Sewer, Sewer Connected, Storm Sewer

Finances and disclosures

  • Price:$239,900
  • Price per sq. ft.:$25.78

Features and amenities

  • Appliances:Water Heater
  • Laundry features:Common Area, In Basement
  • Amenities:Entrance Foyer

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