338 Kenilworth Avenue

Toledo, OH 43610

Stabilized 4-unit opportunity in Toledo's historic district with strong returns and upside. This property features four spacious 1 bed / 1 bath units, each offering approximately 1,150 sq ft—much larger than typical units in the area. Currently 3 of 4 units are rented, with full occupancy projected at $2,910/month ($34,920/year), delivering a 12+ cap rate. One unit is a long term section 8 tenant at $813. Each unit includes hardwood floors, appliances, and impressive 9.5' ceilings that enhance the character and livability. The vacant unit has just been renovated and is ready for a tenant. Shared basement provides additional storage for tenant convenience. Located just minutes from downtown Toledo, the Toledo Museum of Art, and major interstate access, this property sits in a high-demand rental corridor known for its historic charm and large unit sizes. Whether you're looking to add cash flow to your portfolio or move in the final unit for immediate upside, this is a solid investment in a proven rental market.

Listing courtesy of Eric Puffenberger of W & R Property Management (614) 949-5724



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Last checked: 2026-04-05 11:03 AM UTC