Property summary
This exceptional investment opportunity presents a portfolio of 62 apartment units situated in Madison, Ohio, a vibrant community conveniently located east of Cleveland. The portfolio comprises four properties within a one-mile radius, simplifying management and maximizing operational efficiency. Currently boasting a high occupancy rate, this stabilized asset offers immediate cash flow and significant upside potential. The portfolio includes a mix of 44 three-bedroom units and 18 two-bedroom… units, many featuring desirable amenities such as townhome-style floor plans, dishwashers, utility rooms, and decks. Approximately 29 units have undergone recent renovations, including new flooring, updated kitchens and bathrooms, and modern fixtures and appliances. Further renovations of the remaining units present a clear path to increase rental income. Pro forma rents are projected to exceed $1,250 for three-bedroom units and $1,050 for two-bedroom units, potentially generating over $72,000 in monthly rental income. Additional income streams are anticipated from utility and pet fees. The property sits on 11.55 acres of land and benefits from a strong local economy, with a median annual income exceeding $87,000. Its proximity to Lake Erie, Cleveland, Mentor, and Painesville provides tenants with ample entertainment and employment options. A current property manager is in place and willing to continue, offering a turnkey operation. Tenants are responsible for gas, electric, and water (for 6 separately metered units). With a potential 7% cap rate and based on historical expenses, the pro forma value could surpass $8 million. This is an ideal acquisition for investors seeking a high-performing, multifamily asset with substantial growth prospects.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 11.55 ac
- Year built
- 1980
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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