5743-5747 Summit St - Apartments FOR SALE


Sylvania, OH 43560
$449,900 USD
419-351-1146
5743-5747 Summit St, Sylvania, OH for Sale
$449,900 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

5743-5747 Summit St
Sylvania, OH 43560


HIGHLIGHTS

  • Located in downtown Sylvania within walking distance to retail, dining, and recreation.
  • Three residential units with laundry and garage parking.
  • Two 3-bedroom/2.5-bath units and one 2-bedroom/1.5-bath unit.
  • Month-to-month leases allow for quick repositioning or redevelopment.
  • Zoned B-3, supporting future commercial redevelopment opportunities.
  • Easy access to US-23 and I-475, close to medical facilities and Sylvania Schools.

OVERVIEW

This triplex property in downtown Sylvania, Ohio, offers a unique investment opportunity in a highly walkable location. Positioned within the Redbird District and the DORA District, the property is steps away from restaurants, retail, and recreational amenities, with convenient access to US-23 and I-475. The building comprises three residential units: two 3-bedroom, 2.5-bath units and one 2-bedroom, 1.5-bath unit, all occupied by long-term tenants. Month-to-month leases provide flexibility for repositioning or redevelopment. The property includes a three-car garage and surface parking, laundry facilities in the basement, and recent renovations completed in 2025. Zoned B-3, this asset allows for future commercial redevelopment potential. It can be purchased individually or as part of a larger portfolio, creating an approximately one-acre assemblage for a more significant project. This offering is well-suited for investors seeking stable income with upside through redevelopment or repositioning in a growing downtown corridor.

FOR SALE DETAILS

PRICE

$449,900 USD

PRICE/SF

$106 USD /SF

# OF UNITS

3

PRICE/UNIT

$149,967

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,358 SF

ZONING

B-3

APN/PARCEL ID

82-11511

ASK ABOUT THIS PROPERTY

Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

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Stephanie KuhlmanNAI Harmon GroupMore Info
419-351-1146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.