Homes for sale / Toledo

$249,000 Active

428 Machen Street, Toledo, OH 43620

  • 6 bed
  • 7,808 sq ft
  • 0.21 acres
  • Built 1917

About this home

Fully occupied six-unit investment opportunity generating $3,995 in scheduled monthly rent—$47,940 annually—with additional income potential from basement laundry equipment! Two recently improved units now have signed leases, and the owner reports three tenants participating in rental assistance programs. Each unit has separate gas and electric meters; owner pays water/sewer, trash removal and common-area electricity. A mix of lease terms and month-to-month tenancies offers flexibility for future planning. Updated rent roll and expense information available for review. All six units are occupied; showings by appointment with advance coordination. Please do not disturb tenants.

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Key facts

Status
Active
Type
Apartment
Days on market
13
Price per sq ft
$32
Subdivision
Machen Sub Addn.
County
Lucas
MLS #
10015089
Listing brokerage
J Bowen & Company
Listing brokerage contact
419-250-3186

Interior

Levels
Tri-Level
Basement
Block, Concrete, Unfinished
Flooring
Carpet, Vinyl, Hardwood, Plank
Appliances
Electric Range, Refrigerator
Laundry
In Basement, Washer Hookup

Exterior and construction

Structure
Multi Family
Construction
Brick
Roof
Shingle

Lot and parking

Lot size
0.21 acres
Lot square feet
8,949
Lot dimensions
50X179
Parking
Off Street, On Street, Parking Lot, Additional Parking, Driveway
Total parking
6

Systems and utilities

Heating
Forced Air
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Sewer
Public Sewer
Water
Public

Taxes and HOA

Tax year
2025
Homestead exemption
No
Parcel number
10-06901

Schools

District
Toledo
Elementary
Glenwood
High school
Scott

Sale terms

Financing accepted
Cash, Conventional
Possession
Close Of Escrow
Disclosures
Lead Based Paint Disclosure

Around it

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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by Northwest Ohio Real Estate Information Systems (NORIS) through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings are provided courtesy of the Northwest Ohio Real Estate Information Systems, Inc. IDX Database. © 2026 NORIS. All rights reserved. Data last updated Nov 12, 2026, 6:10 PM.

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428 Machen Street, Toledo, OH 43620 · 37 photos Book a tour
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