Lakewood Triplex: Investment
1447 Rosewood Avenue Lakewood, OH 44107
For Sale
$400,000
MULTI_FAMILY - Lakewood, OH
Property Size2,834 SF
Lot Size0.11 Acres
Price / SF$141.14
Days on Market113
Property Features for 1447 Rosewood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Laundry Room, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 5, Bedroom 4
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 313-25-064
- Size
- 2,834 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 22 ORCHGR 0173 ALL
- Tax Annual Amount
- 6114
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Steam, Baseboard, Other (Heating)
- Water source
- Public
Building Details
- Year built
- 1904
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing Agency:
Keller Williams Greater Metropolitan
(216) 839-5500
Listed By:
Lori Dague · License #2018002168
(440) 796-0301
Added: Apr 2
Changed: Jul 17
Last Checked: Jul 23 at 6:06PM
MLS# 5198425
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained three-unit property on Rosewood Avenue in Lakewood, Ohio, presents an exceptional investment opportunity. The property features a rare combination of charm, income potential, and a desirable location. The first and second floor units each include updated kitchens, two bedrooms, large living rooms, and formal dining rooms, as well as access to large front porches. The third-floor unit offers one bedroom, a living room, and a kitchen with an eat-in area. Shared laundry facilities are located in the basement. A large backyard has been paved to provide parking for all units. The property is situated on a lot of approximately 0.1065 acres and the building size is 2,834 square feet.
Key Highlights
- Three‑unit property on Rosewood Ave with shared basement laundry
- 1st and 2nd floor units include updated kitchen, two bedrooms, large living rooms, and formal dining rooms
- 1st and 2nd floor units have access to large front porches
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $16.20 |
| − Vacancy | −$3.0k | −$1.05 |
| EGI | $42.9k | $15.15 |
| − OpEx | −$12.9k | −$4.54 |
| NOI | $30.0k | $10.60 |
2,834 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.3K
$375.6K – $500.8K
NOI $30,049 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 7.00%
Theoretical Best
Warehouse
$2.27M
$1.99M – $2.65M
NOI $158,951 @ 7.0% cap · market cap 39.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-unit property in Lakewood with income potential.
Where is this triplex located?
The property is located at 1447 Rosewood Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three‑unit property on Rosewood Ave with shared basement laundry; 1st and 2nd floor units include updated kitchen, two bedrooms, large living rooms, and formal dining rooms; 1st and 2nd floor units have access to large front porches
