Lakewood Multifamily Property with
17105 Madison Ave, Lakewood, OH 44107
Well-maintained 12-unit building in desirable Lakewood location.
Type:Multifamily
- Added:
- Apr 9, 2025
- Days on Market:
- 415
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 17105 Madison Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing agent Mark Moskwa License #NY
Listing office HALSTEAD CAPITAL LLC
Listing date Apr 9, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of HALSTEAD CAPITAL LLC
HighLights
- Prime Lakewood Location: Directly across from the Rocky River Reservation, ensuring strong rental demand.
- Desirable Unit Mix: Features 10 two‑bedroom units out of 12 total suites.
- Low Operating Costs: Tenants pay for both gas and electricity.
- Covered Garage Parking: Each unit has its own garage space with individual storage.
- Modern Unit Upgrades: Granite countertops and modern bathroom vanities in most units.
- High Walk Score: Exceptional accessibility to local dining, boutiques, and amenities.
Overview
Located in the highly desirable Lakewood sub-market, 17105 Madison is a well-maintained 12-suite property. The building features a desirable unit mix consisting of 10 two-bedroom units. Unique building features include a gabled roof and covered garage. The property benefits from a low operating cost structure due to individually metered gas furnaces. Situated within the Hilliard Triangle, the property is directly across from the Rocky River Reservation, ensuring strong rental demand. One unit features modern upgrades including granite countertops and modern bathroom vanities; one unit remains unupdated due to a long-term tenant. Tenants are responsible for gas and electricity expenses. Each unit includes its own garage space, with individual storage space available on-premise. An on-site laundry facility provides additional income. The property experiences high rental demand, particularly from March through October. A high walk score provides exceptional accessibility to local dining, boutiques, and amenities. This turn-key property offers an attractive entry point with potential for value enhancement through rent adjustments and monetization of parking spaces.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8161764
- Latitude
- 41.4772831
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit building in desirable Lakewood location.
Where is this apartment building located?
The property is located at 17105 Madison Ave Lakewood, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime Lakewood Location: Directly across from the Rocky River Reservation, ensuring strong rental demand.; Desirable Unit Mix: Features 10 two‑bedroom units out of 12 total suites.; Low Operating Costs: Tenants pay for both gas and electricity.
