Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Next month, the building will be fully rented bringing in $3,750 per month! 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.
For sale
$239,900
1951 N Summit St, Toledo, OH 43611
8beds
5baths
9,304sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$26/sqft
$-- HOA
What's special
- 139 days |
- 193 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Keith M. Degnan 419-345-7808,
Key Realty
Source: NORIS,MLS#: 10004680
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Electric, Radiant
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
- Laundry: Common Area, In Basement, Coin Laundry
Features
- Entrance Foyer
- Flooring: Carpet, Vinyl
- Basement: Block
Interior area
- Total structure area: 9,304
- Total interior livable area: 9,304 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Parking Lot
Features
- Levels: Two and One Half
- Exterior features: Awning(s)
Lot
- Size: 0.29 Acres
- Dimensions: 60X214
- Features: Other
Details
- Parcel number: 1429224
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer, Sanitary Sewer, Storm Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $26/sqft
- Date on market: 5/13/2026
- Listing terms: Cash,Conventional
- Lease term: Month To Month,12 Months
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,045/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 7/16/2026 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 5/13/2026 | Listed for sale | $239,900$26/sqft |
Source: NORIS #10004680 Report a problem | ||
| 4/27/2026 | Pending sale | $239,900$26/sqft |
Source: NORIS #10004680 Report a problem | ||
| 4/20/2026 | Listed for sale | $239,900$26/sqft |
Source: NORIS #10004680 Report a problem | ||
| 4/1/2026 | Pending sale | $239,900$26/sqft |
Source: NORIS #10004680 Report a problem | ||
| 3/7/2026 | Listed for sale | $239,900-7.6%$26/sqft |
Source: NORIS #10004680 Report a problem | ||
| 3/7/2024 | Listing removed | -- |
Source: NORIS #6107761 Report a problem | ||
| 10/6/2023 | Listed for sale | $259,500-5.6%$28/sqft |
Source: NORIS #6107761 Report a problem | ||
| 11/24/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/6/2022 | Listed for sale | $275,000$30/sqft |
Source: Owner Report a problem | ||
| 11/6/2022 | Pending sale | $275,000+5.8%$30/sqft |
Source: Owner Report a problem | ||
| 6/14/2022 | Price change | $260,000-5.5%$28/sqft |
Source: NORIS #6087584 Report a problem | ||
| 5/27/2022 | Listed for sale | $275,000+139.1%$30/sqft |
Source: NORIS #6087584 Report a problem | ||
| 8/1/2018 | Sold | $115,000-2.1%$12/sqft |
Source: NORIS #6029250 Report a problem | ||
| 4/5/2018 | Listing removed | $117,500$13/sqft |
Source: Loss Realty Group #6016167 Report a problem | ||
| 12/8/2017 | Price change | $117,500-1.3%$13/sqft |
Source: Loss Realty Group #6016167 Report a problem | ||
| 10/4/2017 | Listed for sale | $119,000$13/sqft |
Source: Loss Realty Group #6016167 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North River
Nearby schools
GreatSchools rating
- 4/10Riverside Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 3/10Woodward High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Riverside
- High: Woodward
Source: NORIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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