62-Unit Apartment
For Sale
Contact for pricing
Pending
2069 Hubbard Rd, Madison, OH 44057
Multi-property apartment portfolio with renovated residences, varied floor plans, and on-site management already in place.
Property SizeContact for details
Days on Market403
Property Features for 2069 Hubbard Rd
General Information
Standard status
Pending
Class
B
Property subtype
Multifamily
Occupancy
90%
Investment Type
Stabilized
Units
Unit Mix
44 x 3BR, 18 x 2BR
Multifamily Units
62
Amenities
dishwashers
utility rooms
decks
Building Details
Year Built
1980
Buildings
4
Units
62
Listing Agency:
Russell Commercial Advisory
Listed By:
Tal Tamir · License #OH 2018001908
Source:
Crexi
Added: Jul 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:30PM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 62 apartment units across four properties located within a mile of one another in Madison. The unit mix includes 44 three-bedroom residences and 18 two-bedroom residences, with some offering 1.5 bathrooms. Select units feature townhome-style layouts, decks, dishwashers, and utility rooms. Approximately 35 units have received improvements including vinyl plank flooring, carpet, kitchen and bathroom updates, lighting, and appliances.
A property manager currently handles maintenance and leasing and is willing to remain with the portfolio. Tenants pay their own gas and electric in all units, while water is separately metered for 6 units. The properties include Creekside Apartments, Hubbard Road Garden Apartments, Chapel Pines Townhomes, and Circle Drive Apartments. The portfolio was built in 1980 and is situated near Lake Erie, with Madison positioned within a 40-minute drive of downtown Cleveland, 20 minutes of Mentor, and 15 minutes of Painesville.
A property manager currently handles maintenance and leasing and is willing to remain with the portfolio. Tenants pay their own gas and electric in all units, while water is separately metered for 6 units. The properties include Creekside Apartments, Hubbard Road Garden Apartments, Chapel Pines Townhomes, and Circle Drive Apartments. The portfolio was built in 1980 and is situated near Lake Erie, with Madison positioned within a 40-minute drive of downtown Cleveland, 20 minutes of Mentor, and 15 minutes of Painesville.
Key Highlights
- 62 apartment units across 4 properties located within a mile of one another
- Unit mix includes 44 three‑bedroom units and 18 two‑bedroom units
- Approximately 35 units renovated with flooring, kitchen, bath, lighting, and appliance updates
Property Analytics
Property Profile
Current Use
Lease Details
62
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 44057, OH
19,447
Population
8,474
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
91%
High-School Grad
50.1 sq mi
ZIP Area
388
Density / Sq Mi
$70,212
Median Household Income
$39,191
Median Earnings
$1,044
Median Rent
$170,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-property apartment portfolio with renovated residences, varied floor plans, and on-site management already in place.
Where is this apartment building located?
The property is located at 2069 Hubbard Rd Madison, OH.
What are key features of this property?
This property features: 62 apartment units across 4 properties located within a mile of one another; Unit mix includes 44 three‑bedroom units and 18 two‑bedroom units; Approximately 35 units renovated with flooring, kitchen, bath, lighting, and appliance updates
