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1951 N Summit Street, 
Toledo, OH 43611

$239,900


8

Beds


Bath


9,304

Sq Ft


Multi-Family

Active

Listed by

Keith M. Degnan

Key Realty

419-345-7808

Last updated:

March 7, 2026, 11:46 AM

MLS#

10004680

Source:

OH TBR

About This Home

1951 N Summit Street

Excellent investment opportunity with this five-unit apartment building offering strong income and upside potential. Four units are currently rented, generating $2,725 per month, with a fifth unit being refurbished and projected to rent for $1,000 upon completion. Additional income from on-site coin laundry is not included in the current figures, providing even more revenue potential. Most tenants are long term, and all units have been remodeled in recent years, minimizing immediate capital expenses. The parking lot has been recently redone and offers ample space for residents and guests. Approximately 6,200 of the 9,300 square feet is finished, leaving significant opportunity to expand—potentially converting the remaining space to create a 6-8 unit building. A solid, income-producing property with tremendous value-add potential! Vacant unit is available for showings and other units available with an accepted offer.

Home Facts

Multi-Family

8 Bedrooms

Built in 1900

Price Summary

239,900

$25 per Sq. Ft.

MLS #:

10004680

Last Updated:

March 7, 2026, 11:46 AM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Interior

Living Area:

9,304 Sq. Ft.


Structure

Structure

Year Built:

1900


Finances & Disclosures

Finances

Price:

$239,900

Price per Sq. Ft:

$25 per Sq. Ft.

Source:OH TBR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.