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10-Unit Waterfront Rental Portfolio

5919 Lake St Unit 21-30, Ashtabula, OH 44048

For Sale
$2,500,000

Individually deeded condominiums are offered together, with common-area and seasonal upkeep handled through the HOA.

Property Size1,324 SF
Price / SF$1,888
Days on Market81

Property Features for 5919 Lake St Unit 21-30

General Information

Standard status Active
Size 1,324 SF
Property subtype Commercial

Additional Details

Asking Price $2,500,000
Multifamily Units 10
Currently Operating Yes

Building Details

Year Built 2025
Listing Agency: Platinum Real Estate
Listed By: Jim Sivalon · License OH #2019001484
Source: Themucciteam
Added: Aug 26 Changed: Nov 11 Last Checked: Nov 10 at 2:15PM

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 Platinum Real Estate

Rey
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Investment Insights

Based on property information with market context.

This short-term rental package comprises 10 waterfront condominium units at Cabins on the Lake in Ashtabula, Ohio. Built in 2025, the units each have an individual condominium deed and are being offered together as one package.

The HOA covers maintenance of common grounds, exterior upkeep, trash service, and seasonal maintenance. The property is along the Lake Erie corridor, with Geneva-on-the-Lake, Ashtabula Harbor, regional wineries, beaches, and public boat launches identified as nearby destinations.

Key Highlights

  • 10‑unit condominium package, Units 21–30
  • Waterfront property at Cabins on the Lake in Ashtabula, Ohio
  • Built in 2025

Property Analytics

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Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 44048, OH

2,178
Population
1,022
Households
2.1
Avg Household Size
52
Median Age
18%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
78
Density / Sq Mi
$63,712
Median Household Income
$38,917
Median Earnings
$916
Median Rent
$143,100
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?
Short term rental property - Individually deeded condominiums are offered together, with common-area and seasonal upkeep handled through the HOA.
Where is this short term rental property located?
The property is located at 5919 Lake St Unit 21-30 Ashtabula, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10‑unit condominium package, Units 21–30; Waterfront property at Cabins on the Lake in Ashtabula, Ohio; Built in 2025
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