428 Platt Street, Toledo, OH 43605 (MLS # 10013924)
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INVESTOR OPPORTUNITY IN EAST TOLEDO! This income-producing 4-unit property offers an excellent opportunity to add a cash-flowing asset to your investment portfolio. Each unit features 2 bedrooms and 1 full bathroom, providing a desirable and easy-to-rent floor plan. The property is currently generating approximately $3,455 per month in rental income, providing immediate income for the new owner. Several updates have already been completed, offering a great starting point for an investor looking to continue improving the property and maximize long-term value. Located in East Toledo, just minutes from Downtown Toledo, major roadways, shopping, dining, entertainment, and the riverfront. East Toledo continues to see attention and investment, including ongoing development connecting the neighborhood to Toledo's growing downtown and riverfront areas. Whether you're an experienced investor or looking to expand your rental portfolio, this four-unit property offers solid existing cash flow, four 2-bedroom units, and additional potential for future growth.
| DAYS ON MARKET | 17 | LAST UPDATED | 10/5/2026 |
|---|---|---|---|
| TRACT | Yondota | YEAR BUILT | 1922 |
| GARAGE SPACES | 2.0 | COUNTY | Lucas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | East Broadway |
|---|---|
| Jr. High School | None |
| High School | Waite |
| PRICE HISTORY | |
| Prior to Oct 5, '26 | $299,900 |
|---|---|
| Oct 5, '26 - Today | $275,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Refrigerator |
| CONSTRUCTION | Aluminum Siding |
| GARAGE | Yes |
| HEAT | Forced Air |
| INTERIOR | Other |
| LOT | 9583 sq ft |
| LOT DESCRIPTION | Other |
| LOT DIMENSIONS | 30x80 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Yondota |
| UTILITIES | Electricity Connected, Natural Gas Connected, Water Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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