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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.

Property Facts

Price $421,835 CAD
Price Per Unit $52,729 CAD
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 - -
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 09-65474
  • 09-65467
Land Assessment
$1,333 CAD
Improvements Assessment
$93,425 CAD
Total Assessment
$94,758 CAD
  • Listing ID: 41474714

  • Date on Market: 2026-07-29

  • Last Updated:

  • Address: 1202-8 Nevada St, Toledo, OH 43605

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