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5-Unit Brick Apartment Building
New
For Sale
$325,000

2018 Dowd Avenue, Lakewood, OH 44107

CommercialSale, Lakewood, OH

Property Size3,472 SF
Lot Size0.12 Acres
Price / SF$93.61
Days on Market3

Property Features for 2018 Dowd Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Rooms Basement
Parking 4
Parking features Off Street, Parking Lot, Garage
Elementary school district Lakewood CSD (Cuyahoga)- 1817
Middle school district Lakewood CSD (Cuyahoga)- 1817
High school district Lakewood CSD (Cuyahoga)- 1817
Directions Dowd and Madison
Standard status Active
APN 315-23-187
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 20 PLEASHI S/L 292 SP0291 ALL
Tax Annual Amount 7233
Legal Description 20 PLEASHI S/L 292 SP0291 ALL

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Window Unit(s), Central Air
Water source Public

Building Details

Year built 1915
Listing Agency: Keller Williams Elevate · Keller Williams Realty
Listed By: Antonio Biasiotta · License #2015003682
Added: Oct 13 Last Checked: Oct 15 at 9:06AM
MLS# 5252726

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 1915 brick apartment building contains five units: three two-bedroom apartments and two one-bedroom apartments. The property encompasses approximately 3,472 square feet and includes basement storage and office space, along with a large attic. Parking accommodates four vehicles. Utilities are separately metered except for water.

The building has some updated windows and requires renovation and maintenance work. It is offered as-is.

Key Highlights

  • Five apartments: three 2‑bedroom units and two 1‑bedroom units
  • Approximately 3,472 square feet in a brick building constructed in 1915
  • Parking for four vehicles

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Auto Parts Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

927
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Basement storage and office space complement individually metered utilities, with water as the exception.
Where is this apartment building located?
The property is located at 2018 Dowd Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Five apartments: three 2‑bedroom units and two 1‑bedroom units; Approximately 3,472 square feet in a brick building constructed in 1915; Parking for four vehicles
More about this property
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