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Four-Unit Occupied Quadplex
For Sale
$400,000

11713 Nelson Ct, Lakewood, OH 44107

Fully occupied multifamily property with four one-bedroom apartments and established rental operations.

Property Size3,888 SF
Price / SF$102.88
Days on Market63
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Property Features for 11713 Nelson Ct

General Information

Standard status Active
Size 3,888 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Gross Income $43,560
Highway Access Yes

Building Details

Year Built 1916
Listing Agency: RE/MAX Above & Beyond
Listed By: Armani Adames · License #2020004334
Source: Theacclaimedrealty
Added: Aug 14 Changed: Oct 8 Last Checked: Oct 7 at 4:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Above & Beyond

Investment Insights

Based on property information with market context.

Built in 1916, this 3,888-square-foot quadplex contains four one-bedroom, one-bathroom apartments. All four units are occupied, providing an operating multifamily asset with in-place rental activity.

The property is located in Lakewood, Ohio, near shopping, restaurants, parks, and major highways. The parcel must be sold together with 1497 Coutant Ave because the two parcels have been combined.

Key Highlights

  • Four one‑bedroom, one‑bathroom apartments
  • All four units are occupied
  • 3,888 square feet

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Skin Care Clinic Accounting Firm Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,030
Businesses Nearby

Demographics for 44107, OH

51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied multifamily property with four one-bedroom apartments and established rental operations.
Where is this quadplex located?
The property is located at 11713 Nelson Ct 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: Four one‑bedroom, one‑bathroom apartments; All four units are occupied; 3,888 square feet
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