32-Unit Brick Apartment
For Sale
$2,799,999
1346 Kenilworth Avenue, Lakewood, OH 44107
Recent work includes updated kitchens and bathrooms, new LVP flooring, electrical panel upgrades, and improvements to shared spaces.
Property Size28,167 SF
Price / SF$99.41
Days on Market81
Property Features for 1346 Kenilworth Avenue
General Information
Standard status
Active
Size
28,167 SF
Property subtype
Apartment
Occupancy
97%
Net Operating Income
$200,777
Additional Details
Gross Income
$376,572
Multifamily Units
32
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$49,830
Amenities
attached garages
owner-owned laundry
tenant storage
Building Details
Building Size
28,167 SF
Year Built
1929
Buildings
2
Construction
brick
Listing Agency:
Life Stages Realty LLC
Listed By:
Nicolette Kuebeler · License #2022002552
(330) 322-3637
Source:
Lifestagesrealty
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 26 at 3:40PM
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 Life Stages Realty LLC
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Investment Insights
Based on property information with market context.
This 32-unit offering comprises two brick apartment buildings totaling 28,167 square feet. Built in 1929, the properties are 97% occupied and include attached garages, owner-owned laundry, and tenant storage. Completed work includes kitchen and bathroom renovations, LVP flooring, electrical panel upgrades, common-area improvements, structural garage repairs, and plumbing upgrades.
The buildings are on Kenilworth Avenue in Lakewood, Ohio. A year-one projection cites an 8.40% cap rate, with rent growth, utility reimbursements being implemented, and ancillary income opportunities identified as contributing factors.
The buildings are on Kenilworth Avenue in Lakewood, Ohio. A year-one projection cites an 8.40% cap rate, with rent growth, utility reimbursements being implemented, and ancillary income opportunities identified as contributing factors.
Key Highlights
- Two brick apartment buildings with 32 units and 28,167 SF combined
- 97% occupied
- Built in 1929
Property Analytics
Who owns this building?
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Lease Details
32
Residential units
97%
Occupancy
Location Intelligence
Trade Area within ½ mile
832
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
Frequently Asked Questions
What type of property is this?
Apartment building - Recent work includes updated kitchens and bathrooms, new LVP flooring, electrical panel upgrades, and improvements to shared spaces.
Where is this apartment building located?
The property is located at 1346 Kenilworth Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $2,799,999.
What are key features of this property?
This property features: Two brick apartment buildings with 32 units and 28,167 SF combined; 97% occupied; Built in 1929
