39 Garfield Place

Toledo, OH 43605

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 below 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!

Listing courtesy of David Garcia of Key Realty LTD (419) 464-5106



Listing information is provided by Participants of the NORIS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, NORIS MLS.
Last checked: 2026-05-16 10:43 PM UTC