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    Three-Unit Triplex with Detached Garage Title is generated by Realmo AI

    1274 Bonnieview Avenue, Lakewood, OH 44107

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    Claim this Listing
    New
    For Sale
    $525,000

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,884 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $182/SF
    Added:
    Jun 9, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 12 at 1:06 am

    Property Features for 1274 Bonnieview Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Laundry Room, Basement, Bedroom 2, Bathroom 2
    Parking features
    Garage, Open
    Window features
    Blinds
    Interior features
    EatInKitchen, KitchenIsland, OpenFloorplan, Pantry
    Appliances
    Dryer, Dishwasher, Disposal, Refrigerator, Washer
    Standard status
    Active
    APN
    311-26-064
    Size
    2,884 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    23 ATWELL 0069 SP
    Tax Annual Amount
    8564

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1921
    Floors in Building
    3
    Building materials
    Frame, VinylSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Joan Elflein
    Joan Elflein

    Listing agent Joan Elflein License #386319

    Listing office Ohio Broker Direct 2665 Spangler Road, Columbus, OH

    Listing date Jun 9, 2026

    MLS# 5217451 Listing URL

    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.

    HighLights

    • Three‑unit triplex with two 2‑bedroom units and one 1‑bedroom unit
    • Detached 3.5‑car garage with one dedicated bay assigned to each unit
    • Basement includes three separate washer and dryer units for individual tenant use
    • All appliances included and will convey (dishwasher, disposal, refrigerator, washer, dryer)
    • Forced air natural gas heating and central air cooling
    • Public utilities: public water and public sewer; shingle roof

    Overview

    This three-unit triplex at 1274-1276 Bonnieview Avenue provides a mix of layouts, including two spacious two-bedroom units and one one-bedroom unit. The property includes a basement with three separate washer and dryer units, each designated for individual tenant use. Appliances are included and will convey with the sale.

    A detached 3.5-car garage is an on-site convenience feature, with one dedicated bay assigned to each unit. The lot is listed at 0.1313 acres, and the property size is provided as 2,884 square feet.

    The unit mix supports flexible living or renting options for an owner-occupant or investor. With in-unit laundry equipment separated by unit and included appliances ready to convey, the property is positioned for straightforward occupancy at the time of transfer. The dedicated garage bay assignments further help reduce shared-area friction for tenants or residents.

    Local 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 $46.7k $16.20
    − Vacancy −$3.0k −$1.05
    EGI $43.7k $15.15
    − OpEx −$13.1k −$4.54
    NOI $30.6k $10.60
    2,884 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $436.8K
    $382.2K – $509.7K (±1% cap)
    NOI $30,579 @ 7.0% cap · market cap 5.82%
    Second Best
    Apartment 5plus
    $407.3K
    $356.4K – $475.2K (±1% cap)
    NOI $28,509 @ 7.0% cap · market cap 5.43%
    Theoretical Best
    Warehouse
    $2.31M
    $2.02M – $2.70M (±1% cap)
    NOI $161,755 @ 7.0% cap · market cap 30.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.815901
    Latitude
    41.488883

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex offering two two-bedroom units and one one-bedroom unit with dedicated garage bay access.
    Where is this triplex located?
    The property is located at 1274 Bonnieview Avenue Lakewood, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Three‑unit triplex with two 2‑bedroom units and one 1‑bedroom unit; Detached 3.5‑car garage with one dedicated bay assigned to each unit; Basement includes three separate washer and dryer units for individual tenant use
    More about this property
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