Backup offersTour
$1,602 Closing Credit¹
#6128430, Listing Office: Howard Hanna
$114,900 List price
505 Palmwood Ave Toledo, OH 43604
$1,364
Closing credit¹
4 beds
2 full
1,550 sqft
0.3 acres
$74 / sqft
House
Property details
About 505 Palmwood Ave
Investment Opportunity w/ high return. We are pleased to present this fantastic opportunity: A 4 bed 2 bath home w/ significant potential. This property features a large backyard, deck, shed, garage, additional off street parking & new flooring throughout. Currently generating a rental income of $1475 per month. Perfect for savvy investors seeking a lucrative venture w/ immediate cash flow on day 1 & room for appreciation. A desirable location & strong potential for appreciation, this property is primed for generating substantial returns. This exceptional opportunity wont last
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,550 sqft
Lot size0.2663 Acres
Year built1980
ParkingAlley Access, Detached, Garage, Off Street
MLS #6129106
FireplaceOther
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Washer
- Fireplace: Other
- Total Bedroom Count: 4
- Parking: Alley Access, Detached, Garage, Off Street
- Exterior: Fence
- Architectural Style: Traditional, Two Story
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $114,900
- Price/SqFt: $74
- Annual Tax Amount: $1,687
- Tax Year: 2023
- Lot: Corner Lot
- Directions: Collingwood Blvd to Palmwood
- Year Built: 1980
- Stories: 2
- Living Area: 1,550 SqFt
- Lot Size: 0.2663 Acres
- MLS Number: 6129106
- MLS Name: NORIS
- Office Name: The Danberry Co
- Office Phone: (567) 408-8650
Copyright 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 this brokerage 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. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.
Information deemed reliable but not guaranteed to be accurate. The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$114,900
505 Palmwood Ave
$1,364
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $16,835 | $1,687 |
| 2022 | $16,835 | $1,592 |
| 2021 | $16,835 | $1,574 |
| 2020 | $14,140 | $1,536 |
| 2019 | $14,140 | $1,533 |
| 2018 | $14,140 | $1,499 |
| 2017 | $15,050 | $1,666 |
History based on county public records data.
Nearby schools
4
Ella P. Stewart Academy for Girls
Public District PK-6
0.5 mi
•707 Avondale Ave
3
Madison Avenue School of Arts
Public Charter KG-6
0.5 mi
•1511 Madison Ave
5
Martin Luther King Academy for Boys Elementary School
Public District PK-6
0.7 mi
•1300 Forest Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,222. The majority of Toledo, OH residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
72%
<35k
23%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
34%
Single, with Kids
4%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
13%
12-17 yrs old
23%
18-34 yrs old
35%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 505 Palmwood Ave
The listing price of 505 Palmwood Ave property is $114,900.
The property 505 Palmwood Ave is a house located in Toledo, Ohio, 43604.
Active Listing: 505 Palmwood Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 Palmwood Ave are: Ella P. Stewart Academy for Girls (GreatSchools Rating 4/10), Madison Avenue School of Arts (GreatSchools Rating 3/10), Martin Luther King Academy for Boys Elementary School (GreatSchools Rating 5/10), Pickett Elementary School (GreatSchools Rating 3/10), Robinson Elementary School (GreatSchools Rating 4/10), Sherman Elementary School (GreatSchools Rating 3/10), Jones Leadership Academy (GreatSchools Rating 4/10), Alternative Education Academy (GreatSchools Rating 2/10), Skyway Career Preparatory High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,687 (source: MLS/based on county public records data).
The property at 505 Palmwood Ave has 4 bedrooms and 2 bathrooms.
The property 505 Palmwood Ave is 1,550 SqFt (source: MLS/tax record).
The year of construction for 505 Palmwood Ave is 1980.
This home is located at 505 Palmwood Ave in Toledo, OH and zip code 43604 in the Roosevelt neighborhood. This 1,550 square foot home, which was built in 1980, sits on a 0.27 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $114,900.
Over 134 listings were sold over their listed price in April 2025 in Toledo, OH. In the same period over 88 listings were sold below the listed price and 40 listings were sold for the listed price. The inventory of homes for sale in Toledo, OH between March and April 2025 increased by 14.1%. While the average time on the market in April 2025 was 53 days, the median list price was $135,071.
From Rocket Homes Real Estate and based on county public records data.