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

2018 Dowd Avenue, Lakewood, OH 44107

Three two-bedroom and two one-bedroom residences are complemented by on-site parking and individually metered utilities, except water.

Property Size3,472 SF
Price / SF$93.61
Days on Market13

Property Features for 2018 Dowd Avenue

General Information

Standard status Active
Size 3,472 SF
Total Parking Spaces 4

Property Condition

Severity Repairs Needed
Evidence property requires updating and deferred maintenance

Units

Unit Mix 3 x 2BR, 2 x 1BR
Multifamily Units 5
Individually Metered Utilities unspecified utilities

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $7,233

Amenities

Concrete,Storage Space
true
Public
0.1178
4
Assessor
No Garage,On Site,Off Street,Parking Lot
Slab

Building Details

Year Built 1915
Construction brick
Listing Agency: Keller Williams Elevate
Listed By: Patrick Lucey
Source: Karenullomrealty
Added: Oct 21 Changed: Oct 31 Last Checked: Oct 31 at 3:01AM

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 Keller Williams Elevate

Rey
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Investment Insights

Based on property information with market context.

This five-unit apartment property has a brick exterior and approximately 3,472 square feet of usable space. The unit mix includes three two-bedroom apartments and two one-bedroom apartments. Some windows have been updated, while the building requires renovation and deferred maintenance. Four on-site parking spaces are available; utilities are individually metered with water as the exception. The property was built in 1915.

Additional space includes a large attic, basement storage, and basement office space. The property offers access to local shopping, restaurants, parks, and major commuter routes.

Key Highlights

  • Five apartments: three two‑bedroom units and two one‑bedroom units
  • Approximately 3,472 square feet of usable space
  • Brick exterior; some windows have been updated

Property Analytics

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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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three two-bedroom and two one-bedroom residences are complemented by on-site parking and individually metered utilities, except water.
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 two‑bedroom units and two one‑bedroom units; Approximately 3,472 square feet of usable space; Brick exterior; some windows have been updated
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