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    2191 Lincoln Ave Lakewood, OH 44107

    Sponsored
    For Sale
    $289,500

    Charming Lakewood duplex, 2 units, updated electric.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming two-unit apartment building, located at 2191 Lincoln Avenue in Lakewood, Ohio, presents a fantastic investment opportunity. Built in 1928, this property sits on a sizable 6,098.4 square foot lot and is offered at $289,500, translating to $109.99 per square foot. The building features updated electrical systems and central air conditioning, enhancing both tenant comfort and property value. Each unit benefits from the convenience of a shared laundry area located in the basement, equipped with both electric and gas dryer connections. Residents also enjoy the benefit of two parking spaces. The property is connected to city sewer and utilizes gas and electric utilities. This well-maintained duplex offers a strong potential for rental income and appreciation in the desirable Lakewood, Ohio (zip code 44107) market. Its location in Cuyahoga County provides easy access to local amenities and transportation. This is an excellent opportunity for investors seeking a solid, income-generating property in a thriving community. The property's size and features make it an attractive option for both seasoned investors and those new to the multifamily market.

    Property Features for 2191 Lincoln Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1928
    Units
    2

    HighLights

    • $289,500 asking price.
    • Multifamily property, specifically a duplex, totaling two units.
    • $109.99 price per square foot.
    • Built in 1928.
    • 6,098.4 square foot lot.
    • Located at 2191 Lincoln Avenue, Lakewood, OH 44107.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7947482
    Latitude
    41.4718375

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    FAQs

    What type of property is this?
    Multifamily property - Charming Lakewood duplex, 2 units, updated electric.
    Where is this multifamily property located?
    The property is located at 2191 Lincoln Ave Lakewood, OH.
    What is the asking price?
    The asking price for this property is $289,500.
    What are key features of this property?
    This property features: $289,500 asking price.; Multifamily property, specifically a duplex, totaling two units.; $109.99 price per square foot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2191 Lincoln Ave Lakewood, OH 44107
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