5211 Douglas Road, Toledo, OH 43613 (MLS# 6135653)

5211 Douglas Road, Toledo, OH 43613

$588,000

Property Type: Residential Income Bedrooms: 5 Square Footage: 7,627 Lot Size (sq. ft.): 1,829,520 Status: Closed

Current Price: $588,000 List Date: 9/12/2025 Last Modified: 3/20/2026

Overview

Description

Great opportunity to own a 10-unit apartment complex in prime Toledo location! Situated on Douglas Road near shopping, dining, The University of Toledo and major highways, this property offers excellent accessibility to the area. This complex features 4 - 2 Townhouse style apartments, 4 - 2 Bedroom Ranch style apartments, 2 - 1 Bedroom ranch style apartments. All units have 1 bathroom. The roofs are 7 years, the exterior is brick and the windows are vinyl replacements. Ample off street parking is provided.

Listing Details MLS# 6135653

Listing Information

Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-03-20
Purchase Contract Date: 2026-03-19
Close Date: 2026-03-19
Close Price: 588000
Buyer Financing: Conventional

Address

Street Number: 5211
Street Name: Douglas Road
County: Lucas
Township: Washington
State: OH
Postal Code: 43613
Directions: Between Tremainsville and W Alexis
Parcel Number: 23-42397

Contract

Named Exceptions YN: No
Original List Price: 680000
Listing Contract Date: 2025-09-12
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
List Price/SqFt: 89.16
Sold Price/SqFt: 77.09

Tax Legal

Subdivision Name: None

Interior

Bedrooms Total: 5
Living Area: 7627
Living Area Source: Public Records
Basement YN: No
Basement SqFt: 0

More Information

Parking Information

Garage YN: No
Carport YN: No
Parking Total: 16

Building

New Construction YN: No
Year Built: 1965
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.42
Lot Size Square Feet: 1829520
Lot Size Dimensions: 78 x 236
Pool Private YN: No
Waterfront YN: No
Water Body Access YN: No

Remarks

Public Historical Remarks: Tenant Expense: Heat, Cable/Satellite, Equipment: Range Oven, Occupied By: TENANT
Public Remarks: Great opportunity to own a 10-unit apartment complex in prime Toledo location! Situated on Douglas Road near shopping, dining, The University of Toledo and major highways, this property offers excellent accessibility to the area. This complex features 4 - 2 Townhouse style apartments, 4 - 2 Bedroom Ranch style apartments, 2 - 1 Bedroom ranch style apartments. All units have 1 bathroom. The roofs are 7 years, the exterior is brick and the windows are vinyl replacements. Ample off street parking is provided.
Interior/Exterior - Video/Audio Equipment: No

Income and Expenses

Gross Scheduled Income: 89286
Net Operating Income: 51387
Operating Expense: 37899
Total Actual Rent: 7850

Unit Details

Number Of Units Leased: 7

Unit One

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 3380
Number of Identical Units Leased: 2

Unit Two

Unit Type Beds Total: 2
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 3280
Number of Identical Units Leased: 4

Unit Three

Unit Type Beds Total: Yes
Unit Type Number of Full Baths: Yes
Appliances Included: Yes
Furnished: Unfurnished
Unit Type Actual Rent: 1190
Number of Identical Units Leased: Yes

Tax & Legal

School District: Washington Local
Elementary/Primary School: Other
Junior High School: Washington
Middle School: Other
High School: Whitmer
6 Months General Tax: 5557.11
6 Months Special Assessment Tax: 135.28
6 Months Total Tax: 5692.39
Tax Year: 2025
Auction YN: No

Association/Community

Number Of Buildings: 2
Number Of Units Total: 10

Appliances

Refrigerator: Yes
Water Heater: Yes

Construction Materials

Aluminum Siding: Yes
Brick: Yes
Steel Siding: Yes

Cooling

Wall Unit(s): Yes

Disclosures

Lead Based Paint Disclosure: Yes

Electric

Circuit Breakers: Yes

Flooring

Carpet: Yes

Foundation Details

Crawl Space: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Asphalt: Yes
Driveway: Yes
Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Shingle: Yes

Sewer

Sanitary Sewer: Yes

Water Heater

Gas: Yes

Water Source

Public: Yes

Lease Term Options

Month To Month: Yes
3 Months: Yes
12 Months: Yes

Owner Pays

Insurance: Yes
Lawn Care: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Contingencies

Financing: Yes
Inspection: Yes

Property Features

Appliances: Refrigerator; Water Heater Construction Materials: Aluminum Siding; Brick; Steel Siding Cooling: Wall Unit(s) Disclosures: Lead Based Paint Disclosure Electric: Circuit Breakers Flooring: Carpet Foundation Details: Crawl Space Heating: Forced Air; Natural Gas Lease Term Options: Month To Month; 3 Months; 12 Months Listing Terms: Cash; Conventional Owner Pays: Insurance; Lawn Care; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Asphalt; Driveway; Parking Lot Possession: Subject To Tenant Rights Roof: Shingle Sewer: Sanitary Sewer Tenant Pays: Electricity; Gas Water Heater: Gas Water Source: Public Contingencies: Financing; Inspection

Listing Office: RE/MAX Preferred Associates

Last Updated: March - 20 - 2026

Broker Attribution: 419-262-6315