Lakewood, OH Multifamily Properties for Sale

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31 properties

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Updated: Jul 10

Occupied Duplex with Two Units

2219 Chesterland Avenue, Lakewood, OH 44107

$289,900

2,648 sqft 0.11 AC lot

Fully occupied duplex with first‑floor 2 bed/1 bath and second‑floor 3 bed/2 full bath plus finished attic living space
First‑floor unit is rented MTM for $927/month
Second‑floor unit is leased through September 30 at $925/month
Both units are currently rented below market rates for Lakewood, creating room to increase income
Year built 1923; heating includes natural gas forced air

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2219 Chesterland Avenue, Lakewood, OH 44107

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$26K
Annual
Price @ 7% Cap

$374K
Above asking
Property Type

Duplex
Built 1923

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Updated: Jun 23

Four-Unit Residential Income Property

1323 Beach Avenue, Lakewood, OH 44107

$635,000

4,235 sqft 0.11 AC lot

Four‑unit property with 2 bed / 1 bath units and 4,235 SF of living space
Several units include bonus rooms; formal dining areas and decorative fireplaces in multiple apartments
Renovated kitchens and baths with stainless‑steel appliances
Extensive improvements include new front porch columns and flooring, brand‑new two‑story rear porch, and upgrades including re‑piping as needed
Utilities and mechanicals updated with three newer water heaters, two new furnaces, and upgraded electric panels

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Upgraded Two-Unit Residential Income

2199 Lincoln Avenue, Lakewood, OH 44107

$525,000

2,570 sqft 0.12 AC lot

Completely upgraded duplex with two redesigned units featuring multiple full baths, a 2-car garage, and a full basement.

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Fully Leased Quadruplex with One-Bed Units

11713 Nelson Court, Lakewood, OH 44107

$400,000

3,888 sqft 0.25 AC lot

Four occupied 1-bedroom, 1-bath apartments in this Lakewood quadplex generating $3,630 per month in rental income.

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Mixed-Use Brick Building

13315 MADISON AVE, Lakewood, OH 44107

$695,000

10,310 sqft

Bricked 1920 mixed-use property with retail and apartments, including a first-floor law office and one currently vacant residential unit.

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Renovated Lakewood Duplex

1631 Waterbury Road, Lakewood, OH 44107

$440,000

3,347 sqft 0.16 AC lot

Fully renovated duplex with updated kitchens and baths, plus a vacant upper unit spanning two floors for flexible occupancy.

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Side-by-Side Duplex with Garages

1415-1417 Lakewood Avenue, Lakewood, OH 44107

$350,000

2,272 sqft 0.12 AC lot

Side-by-side duplex offers two 3-bedroom units, each with porches, updated kitchens and baths, and dedicated laundry in the basement.

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Lakewood Duplex: Investment Opportunity

12511 Plover St, Lakewood, OH 44107

$246,000

2,244 sqft

Well-maintained Lakewood duplex with updated units and reliable income.

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Lakewood Triplex: Investment Opportunity

1296 Cook Avenue, Lakewood, OH 44107

$489,000

2,050 sqft 0.12 AC lot

Charming Lakewood triplex, ideal for investors or owner-occupants.

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Updated Duplex with Third-Floor Expansion

1609 Westwood Avenue, Lakewood, OH 44107

$425,000

2,248 sqft 0.10 AC lot

Duplex offers two 2-bedroom units, bonus flex space, unfinished third floor, and a detached 2-car garage built in 2019.

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Six-Unit Apartment Building with Parking

2109 Halstead Ave, Lakewood, OH 44107

$259,900

Six-unit multifamily with off-street parking and electric baseboard heat in each unit, with owner-paid water/sewer.

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Duplex with Convertible Third Floor

2200-2202 Wyandotte Avenue, Lakewood, OH 44107

$419,900

3,133 sqft 0.10 AC lot

Two-unit duplex with a 2-bed/1-bath first floor and a 3-bed/2-bath upper layout.

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Lakewood Duplex With Fenced Yard

1200 Cook Avenue, Lakewood, OH 44107

$347,000

2,445 sqft 0.13 AC lot

Well-maintained duplex with two bedrooms per floor, fenced yard, and a two-car garage for two separate households.

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Renovated 7-Unit Apartment Building

2066 Robin St, Lakewood, OH 44107

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6,394 sqft 0.19 AC lot

Seven-unit apartment building with 5 one-bedroom and 2 two-bedroom units; renovations completed throughout 2022.

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Lakewood Multifamily Investment Opportunity

1363 Cranford Avenue, Lakewood, OH 44107

$380,000

2,885 sqft 0.11 AC lot

Multifamily property in desirable Lakewood, near shops, restaurants, and highways.

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Lakewood Triplex: Investment Opportunity

1447 Rosewood Avenue, Lakewood, OH 44107

$400,000

2,834 sqft 0.11 AC lot

Well-maintained three-unit property in Lakewood with income potential.

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Historic Multifamily Apartment Building

1392 Webb Rd, Lakewood, OH 44107

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26,159 sqft

Built in 1924, this 37-unit property offers studio and one-bedroom apartments with recent roof, boiler, and electrical updates.

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Three-Unit Triplex with Detached Garage

1274 Bonnieview Avenue, Lakewood, OH 44107

$525,000

2,884 sqft 0.13 AC lot

Well-maintained triplex offering two two-bedroom units and one one-bedroom unit with dedicated garage bay access.

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Multifamily Apartment Building

14801 Clifton Boulevard, Lakewood, OH 44107

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For sale multifamily apartment building at 14801 Clifton Boulevard in Lakewood, Ohio.

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Lakewood Duplex with Three-Car Garage

1561 Cohassett Avenue, Lakewood, OH 44107

$397,000

2,184 sqft 0.17 AC lot

Two matched units totaling 2,184 SF with a detached three-car garage and full basement.

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Turn-Key Apartment Building

12009 Clifton Blvd, Lakewood, OH 44107

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Twelve-unit brick apartment property in Lakewood with off-street parking and newer windows.

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Lakewood Duplex With Two 2-Bed Units

1559 Hopkins Avenue, Lakewood, OH 44107

$319,900

2,884 sqft 0.10 AC lot

Remodeled duplex with separate utilities, in-unit laundry, and a ready-to-show vacant first-floor unit.

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Lakewood Multifamily Property For Sale

2191 Lincoln Avenue, Lakewood, OH 44107

$289,500

Multifamily property in Lakewood with updated electrical and central air.

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Brick Duplex with Two-Car Garage

14603 Garfield Avenue, Lakewood, OH 44107

$310,000

1,900 sqft 0.13 AC lot

Well-kept duplex with a vacant unit and a leased unit, plus newer roof, laundry sets, and a two-car garage.

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Lakewood, OH Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Lakewood, OH, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 103,181 square feet of properties for sale, with an estimated market value of $10,365,900.

Sale prices for multifamily properties in Lakewood, OH start at $199,900, averaging $383,922, and reaching up to $695,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 50K

Population Growth (5Y) -0.6%

Median Household Income $65,778

College Educated 73.2%

High-Yield Neighborhoods for Investment

Identify Lakewood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
44107	$570.7K

Taxes & Financing

Tax Rate (average for all types) 10.67%

Property Tax per SF $71.84 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cuyahoga County

New Delisted

Total CRE Inventory on Market (SF)

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