10-Unit Lakefront Rental
New
For Sale
$2,500,000
5919 Lake Street, Ashtabula, OH 44048
CommercialSale, Ashtabula, OH
Property SizeContact for details
Lot Size1.86 Acres
Days on Market5
Property Features for 5919 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Subdivision
Saybrook Sec 02
Elementary school district
Ashtabula Area CSD - 401
Middle school district
Ashtabula Area CSD - 401
High school district
Ashtabula Area CSD - 401
Directions
Here are the driving directions from the intersection of US-20 and OH-534 (Geneva, OH) to Cabins on the Lake (5919 Lake Rd W, Ashtabula, OH): Head North on OH-534 N / S Broadway St toward Lake Erie (go about 5.5 miles through Geneva-on-the-Lake). Turn Right (East) onto OH-531 E / Lake Rd W (follow along the lakefront for about 3 miles). 5919 Lake Rd W will be on your Left (Lake side).
Standard status
Active
APN
48-017-11-018-21
Lot size
1.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10-Unit Portfolio (Units 21-30) 21: 48-017-11-018-21 22: 48-017-11-018-22 23: 48-017-11-018-23 24: 48-017-11-018-24 25: 48-017-11-018-25 26: 48-017-11-018-26 27: 48-017-11-018-27 28: 48-017-11-018-28 29: 48-017-11-018-29 30: 48-017-11-018-30
Tax Annual Amount
23000
Legal Description
10-Unit Portfolio (Units 21-30) 21: 48-017-11-018-21 22: 48-017-11-018-22 23: 48-017-11-018-23 24: 48-017-11-018-24 25: 48-017-11-018-25 26: 48-017-11-018-26 27: 48-017-11-018-27 28: 48-017-11-018-28 29: 48-017-11-018-29 30: 48-017-11-018-30
Utilities
Heating system
Baseboard
Water source
Public
Water front
1
Building Details
Year built
2025
Floors in Building
2
Listing Agency:
Platinum Real Estate
(888) 974-7253
Listed By:
Jim Sivalon · License #2019001484
(440) 251-4776
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 6 at 1:06AM
MLS# 5250233
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 short-term rental property comprises 10 lakefront condominium units, identified as Units 21–30, at Cabins on the Lake. Each residence has its own condominium deed, and the property was built in 2025. The reported site area is 1.8616 acres. Heating is provided by baseboard systems, with public water service.
The property is in Ashtabula along the Lake Erie corridor. Geneva-on-the-Lake, Ashtabula Harbor, regional wineries, beaches, and public boat launches are identified nearby. The homeowners association covers common grounds, exterior upkeep, trash, and seasonal maintenance. The package is offered as a group, with a projected cap rate of approximately 10.4%.
The property is in Ashtabula along the Lake Erie corridor. Geneva-on-the-Lake, Ashtabula Harbor, regional wineries, beaches, and public boat launches are identified nearby. The homeowners association covers common grounds, exterior upkeep, trash, and seasonal maintenance. The package is offered as a group, with a projected cap rate of approximately 10.4%.
Key Highlights
- 10 condominium units, identified as Units 21–30, offered together
- Individual condominium deeds for each residence
- Waterfront setting along the Lake Erie corridor
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Individually deeded residences support separate ownership and unit-level resale.
Where is this short term rental property located?
The property is located at 5919 Lake Street 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 condominium units, identified as Units 21–30, offered together; Individual condominium deeds for each residence; Waterfront setting along the Lake Erie corridor
