32-Unit Apartment
For Sale
$2,995,000
1346 Kenilworth Avenue, Lakewood, OH 44107
CommercialSale, Lakewood, OH
Property Size28,167 SF
Lot Size0.17 Acres
Price / SF$106.33
Days on Market14
Property Features for 1346 Kenilworth Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Commercial
Rooms
Basement
Parking features
Parking Lot, Covered, Garage, Driveway, On Street
Subdivision
Rockport
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
North of Detroit near Rocky river reservation
Standard status
Active
APN
311-17-034
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23 SP 259S OF SL SLOANE AVE
Tax Annual Amount
49830
HOA Fee
$22,786 Annually
Legal Description
23 SP 259S OF SL SLOANE AVE
Utilities
Sewer type
Public Sewer
Heating system
Steam, Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
attached garages
owner-owned laundry
tenant storage
Building Details
Year built
1929
Floors in Building
3
Number of units
32
Roof type
Flat
Listing Agency:
Keller Williams Living · Keller Williams Realty
(440) 318-1620
Listed By:
Erin Thomas · License #2019005940
(440) 670-2300
Added: Aug 10
Changed: Aug 20
Last Checked: Aug 23 at 3:06PM
MLS# 5235310
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 multifamily offering includes two neighboring brick apartment buildings with 32 units and a combined 28,167 SF. Built in 1929, the properties feature renovated kitchens and bathrooms, LVP flooring, upgraded electrical panels, improved common areas, structural garage repairs, plumbing upgrades, attached garages, owner-owned laundry, and tenant storage. Occupancy is currently 97%. Heating is provided by steam and hot water systems, with window-unit cooling.
The buildings are located at 1346 Kenilworth Avenue in Lakewood, Ohio, within Cuyahoga County. The property has public water and public sewer service, a flat roof, basement space, and parking that includes covered, garage, lot, driveway, and on-street options. A pro forma cap rate of 8.40% is stated for the offering.
The buildings are located at 1346 Kenilworth Avenue in Lakewood, Ohio, within Cuyahoga County. The property has public water and public sewer service, a flat roof, basement space, and parking that includes covered, garage, lot, driveway, and on-street options. A pro forma cap rate of 8.40% is stated for the offering.
Key Highlights
- 32 units across two neighboring brick apartment buildings
- Combined building area of 28,167 SF
- 97% current occupancy
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
97%
Occupancy
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two neighboring brick properties with attached garages, laundry facilities, tenant storage, and strong in-place occupancy.
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 $2,995,000.
What are key features of this property?
This property features: 32 units across two neighboring brick apartment buildings; Combined building area of 28,167 SF; 97% current occupancy
