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17105 Madison Ave
Lakewood, OH 44107

$1,600,000 USD

Apartments For Sale  •  9,950 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,950 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1959
  • Cap Rate 8.12 %
  • Zoning R2
35 Transit Score
71 Walk Score

Highlights

17105 Madison Avenue offers 10 oversized two-bedroom units and two spacious one-bedroom units.
This is a timeless investment asset opportunity in Lakewood's premier submarket.
Building features include a gable rood, a covered garage, and low expense load as there are separately-metered furnaces.
At the heart of Lakewood's Hilliard triangle, a stones throw from Ohio's renowned Rocky River Reservation.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $130,415 USD (2025)
Cap Rate: 8.12 %
Total Expenses: $50,485 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Storage Space
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Heating
  • Smoke Free
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 20 min - 10.0 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 16 min - 6.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Mark Moskwa 440-454-0756 Halstead Capital LLC
Mark Moskwa 440-454-0756 Halstead Capital LLC