16812 Madison Avenue, Lakewood, OH 44107
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $699,900
- Status
- CLOSED
- MLS#
- 5151332
- Year Built
- 1923
- Closing Date
- Dec 09, 2025
- Region
- Lakewood
- Township
- Lakewood
- Subdivision / Building
- Mathews & Gilberts 03
Property Description
Investor Opportunity in Lakewood! This solid brick multi unit property 9,363 sqft and $7,619 in monthly income delivers lasting stability and strong curb appeal. It features 11 one bedroom one bath units most with a living room, dining room and balcony. Select units highlight original hardwood flooring, while others include carpet or ceramic tile, offering both durability and variety. Walkable to the many shops, restaurants and bars throughout Lakewood along with the Metroparks Rocky River Valley. The location offers direct access to I-90, the Cleveland Lakefront Shoreway via Clifton Boulevard ensuring excellent regional connectivity. Public transit further enhances accessibility with RTA Bus Route 25 running in front of the property connecting with the Redline train the the airport, downtown and University Circle. With Lakewood’s proven rental demand and strong occupancy rates, this property represents a reliable addition to any portfolio, with immediate income and long term growth potential.
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Additional Information
- Taxes
- $25,114
- Acres
- 0.14
- Sewer
- Public Sewer
- Roof
- Composition, Flat
- Water
- Public
- Heating
- Hot Water, Steam
- Cooling
- None
- School District
- Lakewood CSD (Cuyahoga)- 1817
Mortgage Calculator
Listing Courtesy of: David S Sharkey, dsharkey@progressiveurban.com With Progressive Urban Real Estate Co
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