$134,900

440 5th Street, Toledo, OH 43605

  • 3 beds
  • 2,688 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1906
  • Property Lot Size Icon4,800sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $50/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Strong, cash-flowing triplex that performs from day one. This property features three layouts including a 3 bed / 1 bath first-floor unit (1,344 sq ft), along with two second-floor units consisting of a 2 bed / 1 bath and a 1 bed / 1 bath—appealing to a wide range of tenants. Currently generating $2,447/month in rental income, this is a fully operational asset priced to deliver a 12%+ cap rate and a 1.8% price-to-rent ratio. The numbers already make sense as-is, offering immediate return without the need for heavy lifting. Recent updates include newer vinyl windows, updated furnaces and hot water heaters, and glass block basement windows for added durability and reduced maintenance. All units include appliances that stay. A clean, stabilized investment with strong in-place returns and additional upside for those looking to optimize—this is the type of property that works now and gets better over time.

Listing Status:
Active
Date Added:
April 2, 2026
Data Last Updated:
April 2, 2026 at 2:41PM
Listing Office:
W & R Property Management : 419-491-2367
MLS ID:
10005829
  • General: Other
  • Appliances: Electric RangeRefrigerator
  • Laundry: Electric Dryer HookupWasher Hookup
  • Flooring: CarpetHardwoodLuxury Vinyl
  • A/C: None
  • Heating: Forced AirNatural Gas
  • Parking: ConcreteDrivewayParking spaces: 3
  • Roofing: Asphalt
  • General: BrickWood SidingTwoBlock
  • Originating MLS: Northwest Ohio Real Estate Information Service (NORIS)
  • School District: Toledo
  • County: Lucas
  • Zoning: 17-02367
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Northwest Ohio Real Estate Information Service (NORIS)

This listing courtesy of W & R Property Management

Monthly Payment

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

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Location

Schools Nearby

G

Garfield Elementary School

1103 N Ravine Pkwy, Toledo, OH, 43605

Grades PK-8

0.51 miles away

G

Garfield Elementary School

1103 N Ravine Pkwy, Toledo, OH, 43605

Grades PK-8

0.51 miles away

W

Waite High School

301 Morrison Dr, Toledo, OH, 43605

Grades 9-12

0.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.