2237 Evergreen Road, Ottawa Hills, OH 43606

• 9 beds
• 12,406 sqft

Property Description

Rare opportunity to acquire a fully occupied, stabilized 5-unit investment property overlooking the Meadow in the prestigious Village of Ottawa Hills. Immediate in-place income with future rental upside. See attached comprehensive Investment Summary for the current rent roll, operating expenses, pro forma financial analysis, and additional property information. This full brick apartment building, complemented by a matching full brick 8-car garage, offers four spacious 2-bedroom, 2-bath units plus a loft-style 1-bedroom, 1-bath unit. Extensively renovated by a respected local builder with the intent of preserving the building's original architectural character while thoughtfully incorporating modern improvements. Capital enhancements include newer roofs on both the building and garage, updated electrical systems, individual zoned heating and cooling for each unit, fully updated kitchens with quartz countertops, updated cabinetry and appliances, luxury vinyl plank flooring, and renovated bathrooms. The loft unit offers an attractive open-concept design with granite countertops, marble backsplash, and distinctive tile and marble finishes. Units 1-4 feature in-unit laundry and private enclosed porches. A full basement provides designated storage for each unit, a shared common area, and an additional washer and dryer serving the building. Tenants are responsible for electric, gas, and internet, contributing to an efficient operating structure. Located within the highly acclaimed Ottawa Hills Local School District—consistently ranked among Ohio's premier public school districts—and one of Northwest Ohio's most desirable and established communities, the property benefits from exceptional long-term tenant demand and the rarity of multifamily ownership opportunities within the Village. Conveniently located near the University of Toledo, major healthcare systems, Wildwood Metropark, Westgate Village, Costco, shopping, dining, and major expressways.

Listing Status:

Active

Date Added:

July 3, 2026

Data Last Updated:

July 5, 2026 at 7:39AM

Listing Office:

Effler Schmitt Co : 419-537-1113

MLS ID:

10010006

Interior

• General: Entrance FoyerOpen FloorplanOtherStorageWalk-In Closet(s)Built-in FeaturesSeparate Shower
• Appliances: DryerDisposalDishwasherExhaust FanElectric OvenElectric RangeMicrowaveOtherRefrigeratorWasherWasher/Dryer StackedWater Heater
• Laundry: In BasementIn UnitSee Remarks
• Basement: FullWalk-Out Access
• Flooring: ConcreteLuxury VinylOtherTile
• A/C: Central AirCeiling Fan(s)Zoned
• Heating: Forced AirNatural GasZoned
• Fireplace: Fireplaces: 0

Exterior

• General: OtherGarage(s)
• Other Structures: Garage(s)Rear Patio
• Parking: Additional ParkingAssignedDetached GarageDrivewayGarage Door Opener

Construction

• Roofing: Shingle
• Windows: Bay Window(s)Window Treatments
• General: BrickQuad-LevelBlockOther

Location

• Golf: Sidewalks
• Originating MLS: Northwest Ohio Real Estate Information Service (NORIS)
• School District: Ottawa Hills
• County: Lucas

Lot

• Zoning: Residential88-07937
• View: See Remarks

Utilities

• Utilities: Cable AvailableElectricity AvailableNatural Gas AvailableSewer ConnectedWater ConnectedWiFi AvailableInternet AvailableCircuit Breakers
• Water: Public
• Sewer: Sanitary Sewer

Financial

• Source: Northwest Ohio Real Estate Information Service (NORIS)