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5755 Summit St 2 Unit Apartment Building $262,835 CAD ($131,417 CAD/Unit) Sylvania, OH 43560
Investment Highlights
- Located in downtown Sylvania within walking distance to restaurants, retail, and recreation.
- Zoned B-3, allowing for future commercial redevelopment opportunities.
- Offered individually or as part of a larger portfolio for added investment scale.
- Two-unit duplex with one-bedroom, one-bath layouts and basement laundry.
- Easy access to US 223 and I-475, just one mile from the property.
Executive Summary
This duplex in downtown Sylvania, Ohio, offers an attractive investment opportunity in a walkable, amenity-rich location. Positioned within the Redbird District and the DORA District, the property is steps away from restaurants, retail, and recreational options, providing strong tenant appeal. The building consists of two one-bedroom, one-bath units, each with laundry access in the basement. Recent updates have been made as tenants have transitioned, ensuring continued functionality and tenant satisfaction.
The property sits on a 0.11-acre lot and is zoned B-3, allowing for future commercial redevelopment potential. Located just south of the Michigan border and one mile from highway access, the site offers convenient connectivity to major routes, including US 223 and I-475. With shorter-term and month-to-month leases in place, investors have flexibility for repositioning or redevelopment strategies. This duplex can be purchased individually or as part of a larger portfolio, creating additional scale and value for buyers seeking multiple assets in a growing market.
The property sits on a 0.11-acre lot and is zoned B-3, allowing for future commercial redevelopment potential. Located just south of the Michigan border and one mile from highway access, the site offers convenient connectivity to major routes, including US 223 and I-475. With shorter-term and month-to-month leases in place, investors have flexibility for repositioning or redevelopment strategies. This duplex can be purchased individually or as part of a larger portfolio, creating additional scale and value for buyers seeking multiple assets in a growing market.
Property Facts
| Price | $262,835 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $131,417 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 1,696 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1897 |
| Property Subtype | Apartment |
| Price | $262,835 CAD |
| Price Per Unit | $131,417 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 1,696 SF |
| No. Stories | 2 |
| Year Built | 1897 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-11507 | Improvements Assessment | $62,622 CAD |
| Land Assessment | $7,499 CAD | Total Assessment | $70,121 CAD |
Property Taxes
Parcel Number
82-11507
Land Assessment
$7,499 CAD
Improvements Assessment
$62,622 CAD
Total Assessment
$70,121 CAD
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5755 Summit St
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