Unlock the potential of this mixed-use investment opportunity located at 3201 Warsaw Ave, Toledo, OH 43608. This versatile property features a street-level commercial storefront/shop with two residential apartments above, offering an excellent opportunity for investors, entrepreneurs, or owner-occupants looking to generate multiple income streams. The commercial space offers outstanding visibility along Warsaw Avenue with ample exposure to neighborhood traffic, making it well suited for a variety of retail, office, service, or specialty business uses. Above the storefront are two apartments that provide additional rental income potential, creating the opportunity for three separate revenue-producing units under one roof. While the property does require some TLC and updates, it presents an exceptional value-add opportunity for investors looking to renovate and increase cash flow. Whether your vision is to restore the building to its former charm, modernize the commercial space, or renovate the apartments to maximize rental income, the possibilities are plentiful. Conveniently situated in North Toledo, the property offers quick access to I-75, I-280, and the Veterans' Glass City Skyway, providing excellent connectivity throughout the Toledo metropolitan area and neighboring communities. The location is just minutes from Downtown Toledo, the Port of Toledo, and major employers throughout the region, making it attractive for both commercial tenants and residential renters. Residents and visitors will appreciate the property's proximity to popular destinations including Promenade Park, the Toledo Museum of Art, the Huntington Center, Fifth Third Field, and the nationally recognized Toledo Zoo & Aquarium. Nearby shopping, restaurants, schools, parks, and public transportation further enhance the property's appeal. Whether you're an experienced investor seeking your next value-add project, a business owner looking to occupy the commercial space while generating rental income, or someone looking to expand a real estate portfolio, this mixed-use property offers tremendous upside at an affordable price. Bring your vision, build equity, and capitalize on the income-producing potential this unique property has to offer.
For sale
Price cut: $10K (8/1)
$39,900
3201 Warsaw St, Toledo, OH 43608
4beds
2baths
5,621sqft
Duplex
Built in 1912
-- sqft lot
$-- Zestimate®
$7/sqft
$-- HOA
What's special
Two residential apartments above
- 35 days
- 368
- 32
Zillow last checked:
Listing updated:
Listed by:
Nicholas Novinsky 419-283-7306,
Key Realty
Source: NORIS,MLS#: 10011356
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Natural Gas, Other
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
- Laundry: Other
Features
- Other
- Flooring: Other
- Has basement: No
Interior area
- Total structure area: 5,621
- Total interior livable area: 5,621 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 3,484 Square Feet
- Dimensions: 28X122
- Features: Corner Lot
Details
- Parcel number: 1203551
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Foundation: Crawl Space, Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Sanitary Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Subdivision: Parkland Addn.
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $7/sqft
- Tax assessed value: $49,200
- Annual tax amount: $1,888
- Date on market: 8/25/2026
- Listing terms: Cash,Conventional
- Lease term: Month To Month
- Total actual rent: 800
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,017/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $39,900$7/sqft |
Source: NORIS #10011356 Report a problem | ||
| 8/12/2026 | Pending sale | $39,900$7/sqft |
Source: NORIS #10011356 Report a problem | ||
| 8/1/2026 | Price change | $39,900-20%$7/sqft |
Source: NORIS #10011356 Report a problem | ||
| 2/26/2026 | Price change | $49,900-15.4%$9/sqft |
Source: NORIS #6134988 Report a problem | ||
| 1/7/2026 | Price change | $59,000-11.9%$10/sqft |
Source: NORIS #6134988 Report a problem | ||
| 11/17/2025 | Price change | $67,000-9.5%$12/sqft |
Source: NORIS #6134988 Report a problem | ||
| 10/14/2025 | Price change | $74,000-5.1%$13/sqft |
Source: NORIS #6134988 Report a problem | ||
| 8/29/2025 | Listed for sale | $78,000+102.6%$14/sqft |
Source: NORIS #6134988 Report a problem | ||
| 10/20/2004 | Sold | $38,500+54%$7/sqft |
Source: Public Record Report a problem | ||
| 4/25/2002 | Sold | $25,000$4/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,888 +10.1% | $17,220 |
| 2024 | $1,714 +90.9% | $17,220 +205.6% |
| 2023 | $898 +17.4% | $5,635 |
| 2022 | $765 +2.2% | $5,635 |
| 2021 | $749 -4.8% | $5,635 +5.2% |
| 2020 | $786 +2.8% | $5,355 |
| 2019 | $765 +0.5% | $5,355 |
| 2018 | $761 -1.3% | $5,355 |
| 2017 | $771 -0.5% | $5,355 -65% |
| 2016 | $774 +3% | $15,300 |
| 2015 | $752 +57.8% | $15,300 +185.4% |
| 2014 | $477 | $5,360 |
| 2013 | $477 -91.7% | $5,360 |
| 2011 | $5,751 +27.6% | $5,360 |
| 2010 | $4,508 +26.1% | $5,360 |
| 2009 | $3,576 +73.1% | $5,360 |
| 2008 | $2,066 +52.5% | $5,360 |
| 2007 | $1,355 -13.5% | $5,360 -71.4% |
| 2006 | $1,566 +42.8% | $18,760 +72.7% |
| 2004 | $1,097 +51.9% | $10,860 +4% |
| 2003 | $722 -16.8% | $10,440 |
| 2002 | $868 +30.8% | $10,440 |
| 2001 | $664 -27.5% | $10,440 |
| 2000 | $916 | $10,440 |
Find assessor info on the county website
Monthly payment
Est. payment
