8 East Central Avenue is a compact, five-bedroom single-family property in Toledo’s Lagrange neighborhood. Built in 1905 and offering approximately 1,200 square feet of living area on a 2,500-square-foot lot, the house presents a practical layout for investors or larger households. The site fronts East Central Avenue with a narrow 25-foot frontage and relies on on-street parking; there is no driveway or garage. The property is currently tenant-occupied, which affects immediate access and timing for any planned improvements.
The home is two stories with a full basement and a single bathroom. Building systems are documented as forced-air gas heating, circuit breaker electrical, and window air-conditioning units for cooling. Construction is wood-frame with a shingle roof; records indicate a new roof was installed within the last couple of years and the interior has been updated recently. Overall condition is assessed as average, and those recent updates reduce some near-term maintenance needs, though the property’s age suggests buyers should verify major systems and finishes during due diligence.
From a transactional and rental perspective, the property was transferred via survivorship deed in June 2022. Rental modeling in the research shows an estimated monthly rent of about $800 (roughly $0.67 per square foot) and a gross rental yield estimate of approximately 17.45%. Nearby sales and lease comparables display a wide range of outcomes — recent nearby sales between roughly $12,000 and $53,000 and local rental comps with monthly rents in the $800–$850 range — underscoring variability in condition and market demand across the immediate area. Market data identifies a buyer’s market with an average of 49 days on market and a recent median sale price near $59,986.
The Lagrange neighborhood provides practical access to local services and community anchors: Rosa Parks Elementary is about 0.5 miles away, Jesup W. Scott High School about 0.8 miles, Lagrange Branch Library about 0.7 miles, and Wilson Park roughly 0.9 miles. Market notes indicate gradual revitalization and growing investor interest in the area, while school ratings are below average and may influence family-buyer demand. Zoning is RD6 (Duplex Residential District), which allows single-family and duplex use among other residential options and may offer flexibility for redeployment subject to local approvals.
Before proceeding, recommended verifications include confirming lot boundaries, documenting the dates and scope of renovations (including the roof), assessing the condition of heating, plumbing, and electrical systems given the property’s age, and reviewing tenant leases and occupancy details. Those verifications will clarify near-term maintenance needs and the timing for any conversion, renovation, or lease transition plans.