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    16601 Hilliard Rd Lakewood, OH 44107

    For Sale
    $444,900

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,544 SF
    Lot size:
    0.24 Acres
    Days on Market:
    178
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 16601 Hilliard Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Basement, Bathroom 1, Bedroom 1
    Bedrooms
    5
    Bathrooms
    3
    APN
    313-12-071
    Parking features
    Garage
    Size
    2,544 SF
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    3
    Building materials
    AluminumSiding, VinylSiding
    Roof type
    Shingle, Asphalt

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Tal Tamir (216) 870-8687 License #2018001908

    Listing date Jun 12, 2025

    MLS# 5115370 Listing URL

    Copyright © 2025 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.

    Overview

    Lakewood Triplex Investment Opportunity

    This is an investment opportunity located in Lakewood, Ohio. The property is a fully occupied triplex with a total living area of 2544 square feet and a lot size of 0.2395 acres. The property features three sub-metered units. Unit one is a 2-bed, 1-bath rented for $1,465 per month, with a lease expiring July 31st, 2025. The second unit is also a 2-bed, 1-bath bringing in $1,465 per month, leased through July 31st, 2025. The third-floor unit is a 1-bed, 1-bath rented for $900 per month, with a lease expiring August 31st, 2025. Each unit includes hardwood floors, renovated kitchens with stone countertops and cabinetry, and fresh paint. The property also has a detached 2-car garage. The property is located near dining, shopping, and downtown Cleveland.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.812369
    Latitude
    41.475526

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex in Lakewood, OH with updated units.
    Where is this triplex located?
    The property is located at 16601 Hilliard Rd Lakewood, OH.
    What is the asking price?
    The asking price for this property is $444,900.
    What are key features of this property?
    This property features: - Fully occupied triplex generating $3,830/month in income.; - Located in the highly desirable Lakewood neighborhood.; - Each unit features renovated kitchens with stone countertops and new cabinetry, plus hardwood floors and fresh paint.
    (216) 870-8687
    Request Owner's contact information
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    Lakewood, OH 44107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16601 Hilliard Rd Lakewood, OH 44107
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