1624-1650 Michigan Avenue, Maumee, OH 43537

$1,645,000

Property Type: Residential Income Bedrooms: 29 Square Footage: 4,872 Lot Size (sq. ft.): 23,958 Status: Active

Current Price: $1,645,000 List Date: 6/03/2026 Last Modified: 6/18/2026

Overview

Description

This is a 23 unit multifamily property located in Maumee, Ohio, featuring five brick ranch-style buildings constructed in 1963. The property includes 17 one-bedroom units of approximately 600 square feet and 6 two-bedroom units of approximately 800 square feet. All units feature separately metered gas forced air heating, central air conditioning, stoves and refrigerators, and washer/dryer hookups in each unit. The property features newer gable roofs across all buildings. Located on Michigan Avenue with access via Heatherdowns to south on Eastgate

Listing Details MLS# 10008623

Listing Information

Comp Sale YN: No
Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-06-03
Delayed Marketing: No

Address

Street Number: 1624-1650
Street Name: Michigan
Street Suffix: Avenue
County: Lucas
State: OH
Postal Code: 43537
Postal Code +4: 2633
Parcel Number: 36-01943

Contract

Named Exceptions YN: No
Original List Price: 1645000
Listing Contract Date: 2026-04-16
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 337.64

Tax Legal

Subdivision Name: None

Interior

Bedrooms Total: 29
Living Area: 4872
Living Area Source: Estimated
Basement YN: No
Basement SqFt: 0
Fireplaces Total: 0

More Information

Parking Information

Garage YN: No
Carport YN: No

Building

New Construction YN: No
Year Built: 1964
Stories Total: Yes
Accessibility Features YN: No

Lot

Lot Size Acres: 0.55
Lot Size Square Feet: 23958
Lot Size Dimensions: 283 x 400
Pool Private YN: No
Waterfront YN: No
Water Body Access YN: No

Remarks

Public Remarks: This is a 23 unit multifamily property located in Maumee, Ohio, featuring five brick ranch-style buildings constructed in 1963. The property includes 17 one-bedroom units of approximately 600 square feet and 6 two-bedroom units of approximately 800 square feet. All units feature separately metered gas forced air heating, central air conditioning, stoves and refrigerators, and washer/dryer hookups in each unit. The property features newer gable roofs across all buildings. Located on Michigan Avenue with access via Heatherdowns to south on Eastgate
Interior/Exterior - Video/Audio Equipment: No

Deposits and Fee Amounts

Security Deposit Amount: 10000

Income and Expenses

Cap Rate: 7.65
Gross Income: 255303
Maintenance Expense: 129506
Manager Expense: 125797

Pet Information

Pets Allowed YN: Yes

Unit Details

Number Of Units Leased: 22
Number Of Units Vacant: Yes

Unit One

Unit Type Description: 6-two Bedroom Units
Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
SqFt per Unit: 800
Appliances Included: Yes
Furnished: Unfurnished
Occupied YN: Yes
Unit Type Actual Rent: 1000
Number of Identical Units: 6
Number of Identical Units Leased: 6

Unit Two

Unit Type Description: 17- one bedrooms
Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
SqFt per Unit: 600
Appliances Included: Yes
Furnished: Unfurnished
Occupied YN: Yes
Unit Type Actual Rent: 865
Number of Identical Units: 17
Number of Identical Units Leased: 16

Tax & Legal

School District: Maumee
Elementary/Primary School: Fort Miami
Junior High School: None
Middle School: Maumee
High School: Maumee
6 Months General Tax: 22252
6 Months Special Assessment Tax: 0
6 Months Total Tax: 22252
Tax Year: 2025
Additional Parcels YN: Yes
Additional Parcels Description: 36-01939
Auction YN: No

Association/Community

Number Of Buildings: 5
Number Of Units Total: 23

Utilities

Cable Available: Yes

Appliances

Water Heater: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Disclosures

None: Yes

Exterior Features

Private Entrance: Yes

Flooring

Carpet: Yes
Laminate: Yes
Linoleum: Yes
Luxury Vinyl: Yes

Foundation Details

Crawl Space: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Eat-in Kitchen: Yes

Laundry Features

Electric Dryer Hookup: Yes
In Unit: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Location of Property

City: Yes

Lot Features

Irregular Lot: Yes

Outdoor Living Spaces Features

Rear Patio: Yes

Parking Features

Driveway: Yes
Off Street: Yes

Possession

Subject To Tenant Rights: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Multi Family: Yes

Water Body View

No: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Window Features

Screens: Yes

Lease Term Options

Month To Month: Yes
12 Months: Yes

Move In Costs

Security Deposit: Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn Care: Yes
Management: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Internet: Yes

Unit One Appliances and Equipment

Oven: Yes
Refrigerator: Yes
Smoke Detector: Yes

Unit Two Appliances and Equipment

Oven: Yes
Refrigerator: Yes
Smoke Detector: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Cable Available; Cable Available Appliances: Water Heater Construction Materials: Brick Cooling: Central Air Disclosures: None Exterior Features: Private Entrance Flooring: Carpet; Laminate; Linoleum; Luxury Vinyl Foundation Details: Crawl Space Heating: Forced Air; Natural Gas Interior Features: Eat-in Kitchen Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Lease Term Options: Month To Month; 12 Months Levels: One Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Irregular Lot Move In Costs: Security Deposit Outdoor Living Spaces Features: Rear Patio Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Lawn Care; Management; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Driveway; Off Street Possession: Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Standard Structure Type: Multi Family Tenant Pays: Cable TV; Electricity; Gas; Internet Water Body View: No Water Heater: Gas Water Source: Public Window Features: Screens Unit One Appliances and Equipment: Oven; Refrigerator; Smoke Detector Unit Two Appliances and Equipment: Oven; Refrigerator; Smoke Detector Showing Requirements: Call Listing Agent

Listing Office: The Danberry Co.

Last Updated: June - 18 - 2026

Broker Attribution: 419-277-7636