Income-Producing Duplex - Investment Package Available Excellent opportunity to acquire a cash-flowing duplex with long-term tenants already in place. Both units are leased at $700 per month, generating $1,400 in monthly rental income, with leases secured through March 2027 for predictable returns and minimal vacancy concerns. Recent updates completed in 2024 include new windows and flooring, adding value while reducing near-term maintenance expenses. This well-performing property is ideal for investors seeking stable income and a turnkey addition to their portfolio. Package purchase available with 1538 N Michigan and 1038 Prouty, offering the opportunity to expand your investment portfolio with multiple income-producing properties.
For sale
Price increase: $29.9K (6/19)
$119,900
1547 Air Line Ave, Toledo, OH 43609
4beds
2baths
1,248sqft
Duplex
Built in 1912
-- sqft lot
$-- Zestimate®
$96/sqft
$-- HOA
What's special
- 91 days
- 106
- 4
Zillow last checked:
Listing updated:
Listed by:
Max Fields 419-614-6987,
Blacktree Realty LLC
Source: NORIS,MLS#: 10009043
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Other
- Laundry: Other
Features
- Other
- Flooring: Carpet
- Has basement: Yes
Interior area
- Total structure area: 1,248
- Total interior livable area: 1,248 sqft
Video & virtual tour
Property
Parking
- Parking features: Concrete
Features
- Levels: Multi/Split
Lot
- Size: 8,712 Square Feet
- Dimensions: 81 FF
- Features: Other
Details
- Parcel number: 0327164
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $31,000
- Annual tax amount: $1,000
- Date on market: 6/19/2026
- Listing terms: Cash,Conventional
- Lease term: Other
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$977/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $119,900+33.2%$96/sqft |
Source: NORIS #10009043 Report a problem | ||
| 9/22/2023 | Pending sale | $90,000+3.4%$72/sqft |
Source: NORIS #6105125 Report a problem | ||
| 9/21/2023 | Sold | $87,000-3.3%$70/sqft |
Source: NORIS #6105125 Report a problem | ||
| 8/8/2023 | Contingent | $90,000$72/sqft |
Source: NORIS #6105125 Report a problem | ||
| 8/5/2023 | Listed for sale | $90,000+12.5%$72/sqft |
Source: NORIS #6105125 Report a problem | ||
| 4/5/2023 | Listing removed | -- |
Source: NORIS #6098652 Report a problem | ||
| 3/17/2023 | Pending sale | $80,000$64/sqft |
Source: NORIS #6098652 Report a problem | ||
| 3/12/2023 | Price change | $80,000-11.1%$64/sqft |
Source: NORIS #6098652 Report a problem | ||
| 3/4/2023 | Listed for sale | $90,000+200%$72/sqft |
Source: NORIS #6098652 Report a problem | ||
| 2/18/2022 | Sold | $30,000-24.8%$24/sqft |
Source: NORIS #6079058 Report a problem | ||
| 1/24/2022 | Pending sale | $39,900$32/sqft |
Source: NORIS #6079058 Report a problem | ||
| 11/28/2021 | Listed for sale | $39,900$32/sqft |
Source: NORIS #6079058 Report a problem | ||
| 11/16/2021 | Pending sale | $39,900$32/sqft |
Source: NORIS #6079058 Report a problem | ||
| 10/21/2021 | Listed for sale | $39,900+38.1%$32/sqft |
Source: NORIS #6079058 Report a problem | ||
| 7/1/2015 | Listing removed | $28,900$23/sqft |
Source: RE/MAX Masters #5048549 Report a problem | ||
| 10/14/2012 | Listed for sale | $28,900$23/sqft |
Source: Re/Max Masters #5048549 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,000 +1.7% | $10,850 |
| 2024 | $984 +6% | $10,850 +12.7% |
| 2023 | $928 -0.9% | $9,625 |
| 2022 | $936 0% | $9,625 |
| 2021 | $937 -1.8% | $9,625 +20.1% |
| 2020 | $954 +5.4% | $8,015 |
| 2019 | $905 -2.6% | $8,015 |
| 2018 | $930 +1.4% | $8,015 +2.2% |
| 2017 | $917 +26.1% | $7,840 -64.7% |
| 2016 | $727 +0.3% | $22,200 |
| 2015 | $725 +44.3% | $22,200 +185.7% |
| 2014 | $502 | $7,770 |
| 2013 | $502 +4.1% | $7,770 |
| 2012 | $482 -26.5% | $7,770 -19% |
| 2011 | $656 -0.8% | $9,590 |
| 2010 | $661 -2.9% | $9,590 |
| 2009 | $681 -0.4% | $9,590 -13.1% |
| 2008 | $684 +4% | $11,030 |
| 2007 | $658 +2.6% | $11,030 |
| 2006 | $641 +40.2% | $11,030 +18.9% |
| 2004 | $457 -0.3% | $9,280 |
| 2003 | $458 -8.3% | $9,280 +23.9% |
| 2002 | $500 +34.4% | $7,490 |
| 2001 | $372 -43.4% | $7,490 |
| 2000 | $657 | $7,490 |
Find assessor info on the county website
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Neighborhood: South Side
Nearby schools
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