11-Unit Apartment
For Sale
$1,275,000
17001 Madison Ave, Lakewood, OH 44107
For sale apartment building with 11 units, offered as part of a three-property Lakewood portfolio.
Property Size12,800 SF
Days on Market93
Property Features for 17001 Madison Ave
General Information
Standard status
Active
Size
12,800 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
6.26%
Multifamily Units
11
Amenities
Being Offered in Conjunction with The McKinley and Lakeland Apartments – a Three Property Portfolio Consisting of Highly Renovated, Cash-Flowing Apartment Communities Located Within Half of a Mile
Over $300,000 ($30k/Unit) Invested into the Property Over the Last Four Years
Strong Historical Occupancy Averaging in the High 90s to 100 Percent
Walking Distance to Dozens of Bars, Restaurants, and Nightlife
One Mile from the Cleveland Metropark's Rocky River Reservation
Highly Desirable Buburban Location of Lakewood; Ranked #25 out of 6,805 Suburbs Nationwide for Young Professionals and is the Densest City Between NYC and Chicago
Less than Two Miles from Downtown Rocky River Featuring Whole Food's, Heinen's, First Watch, Rocky River Wine Bar, and a Plethora of Quaint Shoppes
Building Details
Building Size
12,800 SF
Units
11
Listing Agency:
Cleveland Office
(216) 264-2000
Listed By:
Charlie Gagliano · License #OH: SAL.2015003104
(216) 264-2022
Source:
Marcusmillichap
Added: Jul 23
Changed: Oct 21
Last Checked: Oct 20 at 5:14PM
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 Cleveland Office
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.
Marcus & Millichap is pleased to present an 11-unit apartment building at 17001 Madison Ave in Lakewood, Ohio. The property is being offered in conjunction with The Atkins and Lakeland Apartments as part of a three-property portfolio.
The current offering is listed for $1,400,000.
As presented, this is a multifamily residential income opportunity within a combined portfolio structure, with all units tied to the three-property package described in the materials.
The current offering is listed for $1,400,000.
As presented, this is a multifamily residential income opportunity within a combined portfolio structure, with all units tied to the three-property package described in the materials.
Key Highlights
- Apartment building for sale with 11 units
- Offered as part of The Atkins and Lakeland Apartments, a 3‑property Lakewood portfolio
- Lakewood, Ohio
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
951
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
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 - For sale apartment building with 11 units, offered as part of a three-property Lakewood portfolio.
Where is this apartment building located?
The property is located at 17001 Madison Ave Lakewood, OH.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Apartment building for sale with 11 units; Offered as part of The Atkins and Lakeland Apartments, a 3‑property Lakewood portfolio; Lakewood, Ohio
