Amherst Condo with Modern
For Sale
$320,000
133 Ambleside Way, Amherst, OH 44001
Well-maintained condo near downtown Amherst with community amenities.
Property Size2,300 SF
Lot Size0.04 Acres
Days on Market382
Property Features for 133 Ambleside Way
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.04 Acres
Property subtype
Condominium
Amenities
Fireplace
Gas
Central Air
Dryer
Dishwasher
Microwave
Range
Refrigerator
Washer
Patio, Asphalt, Fiberglass
Building Details
Building Size
2,300 SF
Year Built
1994
Stories
3
Listing Agency:
Keller Williams Citywide
Listed By:
Jamie Proctor · License #SAL
(440) 382-2301
Source:
Kw
Added: Oct 2, 2025
Changed: Oct 16
Last Checked: Oct 16 at 8:25AM
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 Keller Williams Citywide
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained condo in Amherst features 3 bedrooms and 2.5 baths. The layout offers stylish updates and plenty of natural light. The living room includes soaring ceilings, a gas fireplace, built-in shelving, and expansive windows and doors. A versatile nook off the living area is suitable for a home office or reading corner. Adjacent to the living room is a dining area that flows into the kitchen. The kitchen features light cabinetry, stainless steel appliances, and generous counter space. A half bath and a dedicated laundry room with built-in shelving complete the first floor. Upstairs, a loft overlooks the main living space. The primary suite includes a walk-in closet and custom barn doors leading to a private bath with dual sinks, a soaking tub, and a separate water closet with a shower. A second bedroom and full bath are also located on this level. The entire third floor offers a spacious bedroom with vaulted ceilings and skylights, providing flexibility for a guest suite, media room, or creative studio. Sliding doors off the living room open to a stamped concrete patio with a privacy fence. The attached garage has epoxy flooring and built-in shelving. Community amenities include a clubhouse and pool, with lawn care and snow removal covered. The condo's proximity to downtown Amherst’s dining, shopping, and amenities makes it suitable for those seeking comfort, convenience, and community.
Key Highlights
- Low‑maintenance living with lawn care and snow removal included, plus community clubhouse and pool
- Prime location near downtown Amherst's dining, shopping, and amenities
- Stylish updates throughout, including stainless steel appliances, custom barn doors, and epoxy garage flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,673
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
$393.5K
Cap Rate 7%
$281,043
$281.0K
Cap Rate 9%
$218,589
$218.6K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$37.3K $16.20/SF
− Vacancy
−$1.5K −$0.65/SF
EGI
$35.8K $15.55/SF
− OpEx
−$16.1K −$7.00/SF
NOI
$19.7K $8.55/SF
Area
Lorain County, OH
Vacancy
4.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
Cap Rate 7%
$281,043
Cap Rate 9%
$218,589
Alternative Uses
Best Use
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 44001, OH
20,837
Population
8,547
Households
2.4
Avg Household Size
47
Median Age
30%
College-Educated
95%
High-School Grad
33.2 sq mi
ZIP Area
628
Density / Sq Mi
$91,050
Median Household Income
$47,042
Median Earnings
$947
Median Rent
$221,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained condo near downtown Amherst with community amenities.
Where is this apartment building located?
The property is located at 133 Ambleside Way Amherst, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Low‑maintenance living with lawn care and snow removal included, plus community clubhouse and pool; Prime location near downtown Amherst's dining, shopping, and amenities; Stylish updates throughout, including **stainless steel appliances, custom barn doors, and epoxy garage flooring**
