Listed by Danberry Realtors
$2,730,000
811-923 Gibbs Street Maumee, Ohio 42 units
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 27,300
Units 42
Beds 42
Cap Rate 7.43%
NOI $202,751
Tenancy Multi
Pro-Forma Cap Rate 8.06%
Pro-Forma NOI $220,041
Class B
Year Built 1967
Buildings 7
Investment Type Stabilized
811-923 Gibbs Street Maumee, Ohio 42 units
Marketing description
Prime Maumee location offering 42 one-bedroom apartment units in brick ranch-style construction across 7 buildings. Built in 1967, this property features approximately 650 square feet per unit with central air, separately metered gas forced air heating, and in-unit stoves and refrigerators. Gable roofs and freshly painted exterior in 2025. Laundry facilities with leased equipment available on-site. Located on Gibbs Street, accessed via Conant Street South to East on Indiana Ave.
Investment highlights
- 42 one-bedroom units
- Brick Ranch Style construction
- 7 buildings with Gable roofs
- Exterior painted 2025
- Approximately 650 sq ft per unit
- Separately metered Gas forced air heating
- Central Air
- Stoves and refrigerator in each unit
- Laundry facilities with leased equipment
- Prime Maumee location on Conant Street
Listing Contacts
Listed by Danberry Realtors
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$202,751.00
$16,895.92/mo
Valuation Metrics
0
DSCR
7.43%
Cap Rate
7.43%
ROI
Map
Zoning
R-2 ResidentialSingle FamilySingle Family Residential District
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View all 27 uses
View all 27 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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