12-Unit Brick Apartment
New
For Sale
$975,000
13389 Madison Avenue, Lakewood, OH 44107
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.11 Acres
Days on Market3
Property Features for 13389 Madison Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Rooms
Basement
Subdivision
Land & Home Companys 01
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
On Madison Ave between Lewis Dr. and Chesterland Ave.
Standard status
Active
APN
315-18-003
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
20 L&HCO#1 0114 ALL
Tax Annual Amount
16120
Legal Description
20 L&HCO#1 0114 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
12
Listing Agency:
Keller Williams Living · Keller Williams Realty
(440) 318-1620
Listed By:
Rick S Tannenbaum · License #2021006081
(216) 406-8598
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 7:06PM
MLS# 5237519
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.
Investment Insights
Based on property information with market context.
This 12-unit brick apartment building, constructed in 1923, includes 10 one-bedroom apartments and two efficiencies. The property also has a full basement, forced-air heating, public water, and public sewer on a 0.1102-acre parcel.
Located on Madison Avenue in Lakewood, the building is positioned near dining, shopping, and public transit. The apartment mix and basement provide the property’s primary physical features for multifamily ownership and operation.
Located on Madison Avenue in Lakewood, the building is positioned near dining, shopping, and public transit. The apartment mix and basement provide the property’s primary physical features for multifamily ownership and operation.
Key Highlights
- 12‑unit apartment building with 10 one‑bedroom apartments and two efficiencies
- Brick construction dating to 1923
- Full basement included
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with a mixed apartment layout and full basement.
Where is this apartment building located?
The property is located at 13389 Madison Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 12‑unit apartment building with 10 one‑bedroom apartments and two efficiencies; Brick construction dating to 1923; Full basement included
