1323 Beach Avenue, Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
- Added:
- Jun 23, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 24 at 12:06 am
Property Features for 1323 Beach Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bedroom 8, Basement, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Laundry Room, Bedroom 7, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 2
- Standard status
- Active
- APN
- 312-33-072
- Size
- 4,235 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 21 BEACH 0071 ALL
- Tax Annual Amount
- 7720
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Building materials
- Stone, VinylSiding, WoodSiding
- Roof type
- Flat
Listing agent Alexander Castrey License #2025005142 (310) 995-6847
Listing office LPT Realty 7055 Engle Rd., Building 6-601, Middleburg Hts, OH (877) 366-2213
Listing date Jun 23, 2026
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
- Four‑unit property with four 2 bed/1 bath units plus bonus rooms, totaling 4,235 SF
- Vacant unit available now—an owner‑user opportunity
- Updated interiors including renovated kitchens and baths and stainless‑steel appliances
- Extensive improvements: brand‑new two‑story rear porch, new front porch columns and flooring, and multiple new water heaters and furnaces
- Upgraded electric panels and re‑piping as needed; public water and public sewer
- Five off‑street parking spaces and coin‑operated laundry in the shared basement
Overview
The property includes five off-street parking spaces located at the rear of the building and features a shared basement with coin-operated laundry.
For tenants, buyers, or owner-users, the mix of fully independent, two-bedroom units supports straightforward residential use. The combination of updated interiors, extensive mechanical and electrical improvements, and on-site laundry helps reduce routine replacement concerns while supporting day-to-day operations for a small multifamily owner.
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 | $68.6k | $16.20 |
| − Vacancy | −$4.5k | −$1.05 |
| EGI | $64.1k | $15.15 |
| − OpEx | −$19.2k | −$4.54 |
| NOI | $44.9k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.773672
- Latitude
- 41.486296
