$99,900

39 Garfield Place, Toledo, OH 43605

  • 5 beds
  • 2,758 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1907
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $36/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Investor Special - Value-Add Triplex with Strong Cash Flow Potential! Attention investors looking to expand their rental portfolio with a value-add opportunity! This triplex offers immediate income with one unit already leased at $625/month, while the remaining two vacant units provide the opportunity to significantly increase monthly cash flow. The additional units have projected rental potential of approximately $625/month for the 1-bedroom unit and $850/month for the 3-bedroom unit once updated. This is an older property with solid upside for the right investor willing to put in some work. Estimated renovation costs for the vacant units are approximately $12,000-$15,000, creating a strong opportunity to build equity and boost rental income. Property is priced approximately $30,000 below its potential after-repair value, making this an attractive investment for cash flow and long-term appreciation. (WARNING! These numbers are just estimates and you should rely on your contractors and Realtor for their professional opinion) Located in an area that may not be considered prime, but investors who understand numbers and opportunity will recognize the potential this property brings. Whether you are looking for a buy-and-hold rental, a portfolio addition, or a value-add project, this triplex deserves a look. Opportunities like this at this price point do not last long—schedule your showing today!

Listing Status:
Active
Date Added:
May 15, 2026
Data Last Updated:
May 20, 2026 at 5:41AM
Listing Office:
Key Realty LTD : 419-777-5391
MLS ID:
10007849
  • General: Other
  • Appliances: None
  • Laundry: None
  • Basement: Block
  • Flooring: CarpetLinoleumWood
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • Parking: Detached GarageParking spaces: 2
  • Roofing: Shingle
  • General: Vinyl SidingTwoBlock
  • Originating MLS: Northwest Ohio Real Estate Information Service (NORIS)
  • School District: Toledo
  • County: Lucas
  • Zoning: 10-07551
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Northwest Ohio Real Estate Information Service (NORIS)

This listing courtesy of Key Realty LTD

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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