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240 Gradolph St, Toledo, OH, 43612

3beds
3baths
2,155sqft
$125,000
$58price/sqft
$1,171/moest. monthly cost
$46,840/yrincome needed

About This Home

Duplex with main-level and upper-level units on a corner lot, previously configured as a triplex and could potentially be converted back for additional rental income. This property offers solid rental income potential or room for an owner-occupant to live in one unit and rent the other/s. The main-level unit spans 1,273 sq ft with hardwood floors in the living room, den, and one bedroom, ceramic tile in the eat-in kitchen, new laminate flooring in both bathrooms, laundry hookups, and two ensuite bedrooms plus that den which works well as a 3rd bedroom; the enclosed front porch (23x15) was just fitted with new vinyl flooring, adding bonus living space. Upstairs, the second unit offers 882 sq ft with new laminate and vinyl flooring throughout, a dining room, eat-in kitchen with a gas range hookup and refrigerator included, one bedroom, a full bath, and a private deck off the kitchen. Recent 2025 updates include vinyl siding, electric, plumbing, and gutter guards, plus a fully fenced chain-link yard that could be opened or gated to create off-street parking. Three window AC units stay for the buyer's convenience, and shared basement laundry (washer and dryer included) keeps things simple with one furnace and one water heater for both units. Move-in ready with no repairs needed! Situated near North Detroit and Sylvania in a convenient Toledo location; schedule your showing today!

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

3/10
2/10

Construction

Condition

  • Year built: 1896

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Water Heater,Dryer,Refrigerator,Washer,Other
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Eat-in Kitchen
  • Flooring: Vinyl,Wood

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,155
  • Total interior livable area: 2,155 sqft

Property

Details

  • Parcel number: 0744094

Features

  • Fencing: Full

Lot

  • Lot size: 6,534 sqft
  • Features: Corner Lot
  • Lot size dimensions: 47X138

Parking

  • Total spaces: 4
  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hail
Inland Flooding
Ice Storm
Strong Wind
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $632$7,584
Home Insurance *$136$1,632
Property Taxes $172$2,064
Electricity $231$2,773
Total$1,171$14,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,148/yr
40% on housing$35,130/yr
45% on housing$31,226/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$58This listing

vs Other Active Listings

Avg $/sqft

ZIP 43612$65
Lucas County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 43612$100
Lucas County$125

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-11Pending sale$125,000
2026-07-31Listed for sale$125,000
2025-01-28Sold$40,000
2025-01-18Pending sale$49,900
2024-12-30Price change$49,900
2024-12-18Pending sale$69,900
2024-12-13Listed for sale$69,900
2021-07-30Sold$90,000
2021-07-12Pending sale$89,900
2021-06-09Listed for sale$89,900
2021-01-06Listing removed--
2020-12-09Listed for rent$570
2020-07-23Sold$75,000
2019-10-23Sold$16,000
2019-10-16Pending sale$27,500
2019-09-23Price change$27,500
2019-08-11Price change$36,900
2019-08-06Pending sale$49,900
2019-07-02Listed for sale$49,900

For Sale by Agent

AgentCody Henderson
BrokerageKey Realty LTD

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