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Multifamily

AUCTION - Arlington Apartments

2010 Arlington Ave, Toledo, OH 43609

Starting Bid: $300,000

Number of Units
24
GRM
1.34
Occupancy
92.0%
Price/Unit
$12,500
Price/Gross SF
$22.73
Gross SF
13,200
Auction Type
Reserve
Auction Start Date
Nov 3, 2025
Auction End Date
Nov 5, 2025

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2737

Marcus & Millichap is proud to present the Arlington Arms Apartments located at 2010 Arlington Ave, Toledo, OH 43609. The property has 24 units that consist of all one-bedroom, one-bathroom units at roughly 550 square feet in size. Current ownership pays for gas while the tenants pay for their own electric usage. The property has on-site laundry. The property has been through some recent renovations, including but not limited to new laminate-style flooring, new boilers, new water heaters, and an improved digital lock system.

The property is located roughly 5 minutes away from the University of Toledo Campus, the University of Toledo Medical Center, and various dining spots. The area is home to great amenities like golf courses and premier shopping at Southland Plaza and Toledo Commons. The southeastern edge of town borders Woodsdale Park, which is home to the Toledo Zoo.

Investment Highlights

  • AUCTION—November 3-5, 2025 | Starting Bid: $300,000
  • Strong Location Fundamentals: Less than 5 minutes from the University of Toledo and UT Medical Center, supporting consistent rental demand.
  • Recent Upgrades: Refreshed units with updated interiors. New high-efficiency boilers and water tanks reduce maintenance costs
  • Value-Add Potential: Opportunity to further increase rents through cosmetic upgrades or amenity enhancements. Strong demand from students, healthcare workers, and young professionals.
  • Stable Cash Flow & Low Vacancy Risk: High occupancy driven by location and affordability.

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    Manhattan

Broker of Record

  • Michael L. Glass

    Executive Managing Director / Chief Revenue Officer

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Multifamily

AUCTION - Arlington Apartments

Starting Bid: $300,000

Number of Units
24
GRM
1.34
Occupancy
92.0%
Price/Unit
$12,500
Price/Gross SF
$22.73
Gross SF
13,200
Auction Type
Reserve
Auction Start Date
Nov 3, 2025
Auction End Date
Nov 5, 2025

Investment Highlights

  • AUCTION—November 3-5, 2025 | Starting Bid: $300,000
  • Strong Location Fundamentals: Less than 5 minutes from the University of Toledo and UT Medical Center, supporting consistent rental demand.
  • Recent Upgrades: Refreshed units with updated interiors. New high-efficiency boilers and water tanks reduce maintenance costs
  • Value-Add Potential: Opportunity to further increase rents through cosmetic upgrades or amenity enhancements. Strong demand from students, healthcare workers, and young professionals.
  • Stable Cash Flow & Low Vacancy Risk: High occupancy driven by location and affordability.

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2737 Marcus & Millichap is proud to present the Arlington Arms Apartments located at 2010 Arlington Ave, Toledo, OH 43609. The property has 24 units that consist of all one-bedroom, one-bathroom units at roughly 550 square feet in size. Current ownership pays for gas while the tenants pay for their own electric usage. The property has on-site laundry. The property has been through some recent renovations, including but not limited to new laminate-style flooring, new boilers, new water heaters, and an improved digital lock system. The property is located roughly 5 minutes away from the University of Toledo Campus, the University of Toledo Medical Center, and various dining spots. The area is home to great amenities like golf courses and premier shopping at Southland Plaza and Toledo Commons. The southeastern edge of town borders Woodsdale Park, which is home to the Toledo Zoo.

Exclusively Listed By

Auction Advisors

  • Ian Grusd, CCIM, SIOR

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Ian

    License(s): NJ: 9233895

    Manhattan

Broker of Record

  • Michael L. Glass

    Executive Managing Director / Chief Revenue Officer

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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