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1356 N Cove Blvd, Toledo, OH, 43606

11beds
6baths
8,184sqft
$369,900
$45price/sqft
$3,522/moest. monthly cost
$140,880/yrincome needed

About This Home

Excellent investment opportunity in Toledo! This all-brick 6-unit apartment building offers strong upside, with current rents significantly below market and multiple ways to increase income. Two units are currently operated as furnished Airbnbs, each generating approximately $1,200 per month and backed by very strong rental histories, showing the potential to expand the short-term rental model to additional units. The property includes a mix of unit layouts, including one 1-bedroom/1-bath unit, and also features coin-operated laundry that brings in approximately $155 per month in additional income. With solid brick construction, proven furnished Airbnb performance, below-market rents, and multiple income streams, this property is ideal for an investor looking to add value, increase cash flow, and build long-term equity through rent increases, expanded short-term rental use, or continued multifamily operation.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

4/10
McKinley STEMM AcademyGrades K-81.0 mi
1/10
Start High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1951

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater,Dryer,Washer
  • Laundry features: See Remarks

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 6

Features

  • Entrance Foyer
  • Flooring: Carpet,Hardwood

Heating & Cooling

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

Interior Area

  • Total structure area: 8,184
  • Total interior livable area: 8,184 sqft

Property

Details

  • Parcel number: 1842301

Features

  • Levels: Tri-Level

Lot

  • Lot size: 6,534 sqft
  • Features: Irregular Lot
  • Lot size dimensions: 83X84

Parking

  • Parking features: Off Street,Parking Lot,Additional Parking,Oversized