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551 Spencer Street

Toledo, OH 43609
  • $94,578
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 6136372
Price Reduced
UPDATED: 68 min ago
$94,578
  • 3
    BEDS
  • 0.08
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,243
    SQFT
  • $76
    $/SQFT
Neighborhood:
None
Type:
Single-Family Home
Built:
1913
County:
Lucas
Area:
Toledo

School Information

Elementary School:
Marshall Stemm Academy
Middle School:
None
High School:
Waite
School District:
Toledo
School Ratings & Info

Description

This property is being sold as part of an 82-unit portfolio. In place cap is 8.0%, pro forma cap is ~10.5%, NOI is $541K, 95.1% occupancy. Portfolio asking price is $6.76M. See attachment for list of all addresses. The 82-unit portfolio can also be acquired in one of five suggested sub-portfolios. The sub-portfolio including this property contains 1413 Colburn, 1537 Remington, 1840 Talbot, 1912 Greenwood, 2074 Price, 26 Magyar, 3256 Jeannette, 4228 N. Lockwood, 4321 Burnham, 4345 Burnham, 440 Somerset, 551 Spencer, 560 Williamsville, 615 Cuthbert, and 729 Lodge for $1.56M.

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© 2025 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Broker Reciprocity 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. Data updated at least every 12 hours; data last updated: 2025-11-13T17:25:01.323.
www.toledohomesellers.com/homes/168346518
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551 Spencer Street Toledo, OH 43609

  • Price: $94,578
  • Status: Active
  • On Site: 44 Days
  • Updated: 68 min ago
  • MLS #: 6136372
3
Beds
1
Baths
0
½ Baths
0.08
Acres
1,243
SQFT
$76
$/SQFT
1913
Built
Neighborhood:
None
County:
Lucas
Area:
Toledo
Elementary School:
Marshall Stemm Academy
Middle School:
None
High School:
Waite
School District:
Toledo
Property Description
This property is being sold as part of an 82-unit portfolio. In place cap is 8.0%, pro forma cap is ~10.5%, NOI is $541K, 95.1% occupancy. Portfolio asking price is $6.76M. See attachment for list of all addresses. The 82-unit portfolio can also be acquired in one of five suggested sub-portfolios. The sub-portfolio including this property contains 1413 Colburn, 1537 Remington, 1840 Talbot, 1912 Greenwood, 2074 Price, 26 Magyar, 3256 Jeannette, 4228 N. Lockwood, 4321 Burnham, 4345 Burnham, 440 Somerset, 551 Spencer, 560 Williamsville, 615 Cuthbert, and 729 Lodge for $1.56M.
Exterior Features

Architectural Style [] Attached Garage YN No Carport YN No Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features [] Parking Features Alley AccessDrivewayNone Patio And Porch Features [] Pool Features [] Roof Shingle Waterfront Features [] Waterfront YN No Window Features []

Interior Features

Appliances Water Heater Basement Full Basement YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features [] Fireplace YN No Flooring [] Heating Forced AirNatural Gas Heating YN Yes Interior Features [] Laundry Features [] Levels [] Rooms Primary Bedroom Bedroom 2 Bedroom 3 Rooms Total 3

Property Features

Accessibility Features [] Additional Living Quarters No Association Amenities [] Association Fee Includes [] Association YN No Auction YN No Body Type [] Community Features [] Construction Materials Vinyl Siding Electric Circuit Breakers Listing Terms CashConventional Lot Size Acres 0.0758 Lot Size Dimensions 3300 New Construction YN No Other Equipment [] Other Structures [] Pets Allowed [] Property Sub Type Single Family Residence Road Frontage Type [] Road Surface Type [] Sewer Sanitary Sewer Special Listing Conditions Agent Owned Structure Type [] Utilities [] Water Source Public

Listing provided by Rylan Realty Group Ltd : . © 2025 NORIS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.


© 2025 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Broker Reciprocity 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. Data updated at least every 12 hours; data last updated: 2025-11-13T17:25:01.323.
 
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Key Realty
5425 Southwyck Blvd Suite 240
Toledo OH, 43614