Under contract

$150,000

5540 Douglas Rd, Toledo, OH 43613

4beds

2baths

1,250sqft

Est.:

Duplex

Built in 1962

-- sqft lot

$143,900 Zestimate^®

$120/sqft

$-- HOA

What's special

Fresh paintUpdated flooringTwo spacious units

Excellent income-producing opportunity in the desirable Washington Local Schools district. This single-story, two-unit apartment building features two spacious units, each offering 2 bedrooms and 1 full bathroom. Recent updates include fresh paint and updated flooring, making the property attractive to tenants and easy to maintain. Designed for low-maintenance ownership, the building offers steady rental appeal and consistent income potential. The property shares a courtyard setting with an identical neighboring building and must be purchased together with 5536 Douglas Road, as the two identical structures are separated by a common courtyard area. A strong addition to any investment portfolio with proven rental demand and simple upkeep.

46 days

291

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Other
Laundry: Common Area

Features

Other
Flooring: Carpet, Vinyl
Has basement: No

Interior area

Total structure area: 1,250
Total interior livable area: 1,250 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: Parking Lot

Features

Levels: One
Exterior features: Courtyard

Lot

Size: 4,791.6 Square Feet
Dimensions: 36X134
Features: Level

Details

Additional parcels included: 2326011, The 2nd parcel is the vacant land, court yard area, between the two buildings at 5536 and 5540 Douglas Road.
Parcel number: 2326007

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Brick, Vinyl Siding
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1962

Utilities & green energy

Electric: Circuit Breakers
Sewer: Sanitary Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Ferndale

Location

Region: Toledo

Financial & listing details

Price per square foot: $120/sqft
Tax assessed value: $1,200
Annual tax amount: $296
Date on market: 2/25/2026
Listing terms: 1031 Exchange,Cash,Conventional
Lease term: 12 Months
Tenant pays: All Utilities
Electric utility on property: Yes
Road surface type: Asphalt

Estimated market value

$143,900

$135,000 - $151,000

$1,052/mo

Price history

Date	Event	Price
3/23/2026	Contingent	$150,000$120/sqft
Source: NORIS #10004449 Report a problem
3/19/2026	Listed for sale	$150,000$120/sqft
Source: NORIS #10004449 Report a problem
3/6/2026	Contingent	$150,000$120/sqft
Source: NORIS #10004449 Report a problem
2/25/2026	Listed for sale	$150,000$120/sqft
Source: NORIS #10004449 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$296 +49.8%	$420 +20%
2023	$197 +3.9%	$350
2022	$190 +22.3%	$350
2021	$155 -18.2%	$350 +25%
2020	$190 +10.6%	$280
2019	$172 -35.2%	$280
2018	$265 +42.9%	$280 +14.3%
2017	$185 +7.9%	$245 -65%
2016	$172 +18.9%	$700
2015	$145 +725.7%	$700 +180%
2014	$18	$250
2013	$18 +3.8%	$250
2012	$17 -94.5%	$250 -92.4%
2011	$305 +11.2%	$3,290
2010	$275 -7.3%	$3,290
2009	$296 -9%	$3,290 -13%
2008	$326 +7%	$3,780
2007	$304 +4.4%	$3,780
2006	$291 +31.3%	$3,780 -20.6%
2004	$222 +8.4%	$4,760
2003	$205 -23.7%	$4,760 +21.4%
2002	$268 +44.6%	$3,920
2001	$185 -47.8%	$3,920
2000	$355	$3,920