c.1897 Ohio Foursquare For Sale Under $40K
$39,900
Unlock the potential of this Ohio foursquare—Toledo’s next hidden gem, ready for transformation.
Realtor Comments
This 3-bed, 1-bath home is ready for a full rehab and offers solid potential for the right investor. Featuring over 1, 400 square feet, a large covered front porch, and a traditional layout, its a blank slate for your next flip. The property needs extensive work, but the upside is there for those ready to renovate. Whether you’re an experienced rehabber or looking to build equity, this could be your next project. Selling as-is.
- 3bed
- 1bath
- Circa 1897
831 Oak St, Toledo, OH 43605
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Contact Realtor: Tyler Tresize
Pros
1. Very Affordable Cost of Living
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Median home prices (~$123–$235K) and rents (~$800–$
- are well below the national average
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Overall cost-of-living index sits around 87–85, roughly 13–15% less than the U.S. average .
2. Rapidly Rising Housing Market
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Named the #1 U.S. housing market spring 2025, with prices up ~17.5% year-over-year and average days-on-market just 37
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Despite growing investor interest, affordability remains strong relative to U.S. norms .
3. Strong Healthcare & Education Infrastructure
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Major health networks (ProMedica, Mercy Health) and University of Toledo Medical Center offer excellent care access
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Higher education available through University of Toledo and Owens CC
4. Vibrant Arts, Culture & Recreation
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Home to the Toledo Museum of Art (free admission), symphony, opera, and diverse festivals including the Riverfront Arts events
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Metroparks Toledo spans over a dozen parks, riverfront access, and Lake Erie nearby for outdoor enthusiasts
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Sports culture includes the Mud Hens, Walleye hockey, and University of Toledo athletics
5. Tight-Knit, Family-Friendly Feel
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Residents highlight the welcoming Midwestern vibe, suburban school options (Sylvania, Perrysburg), and strong community spirit
⚠️ Cons
1. Harsh Winters & Summer Humidity
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Winters bring ~31–37″ of snow, icy roads, and cold temps. Summers are hot and humid
2. Slower Job Market & Lower Wages
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Main employment sectors: manufacturing, healthcare, education; but job growth is modest (~1.3%) and average wages lag national levels (~7–19% lower)
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Local unemployment and poverty rates are higher than national averages (~6–8% unemployment, ~25% poverty) .
3. Aging Infrastructure & Limited Transit
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Roads are often riddled with potholes and need repair
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Public transit (TARTA) is limited; most residents need a car .
4. Crime & Safety Concerns
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Property crimes are higher than average; violent crime spiked in 2020–21, though patterns vary widely by neighborhood
5. Modest Nightlife & Retail Options
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Nightlife is limited and quieter after dark; specialty shopping and brand-name stores are fewer
