Under Contract

39 Garfield Place

Toledo, OH 43605

$99,900 $421/Mo

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Overview

Bed

Bath

2,758

Sqft

0.10

Acre(Lot)

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 bel ow 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!

Property Details

Property Type : Residential Income

Price : $99,900

AD Id : 78742296

MLS Id : 10007849

Beds : 5

Lot Size : 0.10 Acre

Living Area Size : 2,758

Year Built : 1907

Garage : 2

County : Lucas

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Full Baths: 3

Room Information

Has Basement: Yes Basement: Block
Flooring Information

Carpet, Linoleum, Wood
Roofing Information

Shingle
Interior Features

Other Roof: Shingle Appliances: None Laundry Features: None
Heating & Cooling

Has Heating: Yes Heating: Forced Air Cooling: None

Building Information

Year Built: 1907 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 91X47 Main Square Feet: 0.1 Acres Lot Size Acres: 0.1 Lot Size Square Feet: 4300 Lot Description: Other

Property Information

Subdivision: None Source Property Type: Residential Income Postal Code Plus 4: 2301 Property SubType: Triplex Levels: Two Property Age: 119

Listing Price Information

Listing Price: $99900

Tax Information

Parcel Number: 10-07551 Tax Year: 2025

Parking Information

Parking Total: 2 Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: Navarre

Junior High School: None

Senior High School: Waite
Utility Information

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1996 Starr Avenue, Toledo, OH, 43605	$87,900	2	--	3,356	3,356 SqFt
1992 Starr Avenue, Toledo, OH, 43605	$82,900	4	2	1,280	1,280 SqFt
1610 Nevada Street, Toledo, OH, 43605	$75,000	6	3	1,956	1,956 SqFt
1601 Nevada Street, Toledo, OH, 43605	$95,000	4	2	1,976	1,976 SqFt
1401 Liberty Street, Toledo, OH, 43605	$87,500	4	2	1,958	1,958 SqFt
1525 Kelsey Avenue, Toledo, OH, 43605	$80,000	4	4	2,028	2,028 SqFt
1215 Greenwood Avenue, Toledo, OH, 43605	$129,000	6	2	2,296	2,296 SqFt
350 Parker Avenue, Toledo, OH, 43605	$100,000	6	2	2,592	2,592 SqFt
618 Euclid Avenue, Toledo, OH, 43605	$225,000	5	3	3,542	3,542 SqFt
804 2nd Street, Toledo, OH, 43605	$89,900	4	2	1,672	1,672 SqFt

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ByOwner last updated this listing 06/10/2026 @ 05:57

MLS: 10007849 LISTED BY: David Garcia, Key Realty LTD 419-777-5391 SOURCE: Northwest Ohio Real Estate Information Service (NORIS)