811-923 Gibbs St - Apartments FOR SALE


Maumee, OH 43537
$2,730,000 USD
419-277-7636
811-923 Gibbs St, Maumee, OH for Sale
$2,730,000 USD
Apartments - FOR SALE
1/6
null | 8.06% Cap Rate

811-923 Gibbs St
Maumee, OH 43537


OVERVIEW

This offering presents a rare opportunity to acquire a well-maintained 42-unit apartment community in the heart of Maumee, Ohio. Comprising seven brick ranch-style buildings, the property features gable roofs, central air, and separately metered gas-forced heating systems, ensuring both operational efficiency and tenant comfort. Recently refreshed with a painted exterior in 2025, this asset is positioned for long-term value and stable returns. Situated minutes from Conant Street and Indiana Avenue, the property enjoys strong connectivity to Maumee’s retail, dining, and employment corridors. The unit mix consists entirely of one-bedroom apartments, each equipped with full kitchens including stoves and refrigerators. Shared laundry facilities with leased equipment further support resident convenience. This income-generating asset offers an attractive investment profile, supported by established rent rolls and steady operating performance. Offered at $2,730,000, this portfolio stands out as a reliable addition to any multifamily investor’s portfolio in a market with consistent demand and minimal new supply.

FOR SALE DETAILS

PRICE

$2,730,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

42

PRICE/UNIT

$65,000

CAP RATE

8.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gibbs Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

112

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,756 SF

ZONING

16-R3

APN/PARCEL ID

36-06221,36-06224,36-06227,36-06231,36-06234,36-06237,36-06241,36-06244,36-06247,36-06251

ASK ABOUT THIS PROPERTY

Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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Bruce SmennerDanberry RealtorsMore Info
419-277-7636

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