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$699,900
1 Day On Site

16812 Madison Avenue
Lakewood, OH 44107

For Sale|Apartment|Active
0
Beds
0
Total Baths
9,213
SqFt
$76
/SqFt
1923
Built
Subdivision:
Mathews & Gilberts 03
County:
Cuyahoga
Call Now: 440-617-2500
Is this the listing for you? We can help make it yours.
440-617-2500
16812 Madison Avenue16812 Madison Avenue16812 Madison Avenue16812 Madison Avenue
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Investor Opportunity in Lakewood! This solid brick multi unit property 9,363 sqft and $7,619 in monthly income delivers lasting stability and strong curb appeal. It features 11 one bedroom one bath units most with a living room, dining room and balcony. Select units highlight original hardwood flooring, while others include carpet or ceramic tile, offering both durability and variety. Walkable to the many shops, restaurants and bars throughout Lakewood along with the Metroparks Rocky River Valley. The location offers direct access to I-90, the Cleveland Lakefront Shoreway via Clifton Boulevard ensuring excellent regional connectivity. Public transit further enhances accessibility with RTA Bus Route 25 running in front of the property connecting with the Redline train the the airport, downtown and University Circle. With Lakewood’s proven rental demand and strong occupancy rates, this property represents a reliable addition to any portfolio, with immediate income and long term growth potential.

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Listing Snapshot
Price 
$699,900
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
9,213 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.144 Acres
Year Built 
1923
MLS® Number 
5151332
Status 
Active
Property Tax 
$25,114
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.144
Parking 
No GarageOn Street
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9213
Water Source 
Public
Interior Features
Basement 
PartialWalk-Out Access
Heating 
Hot WaterSteam
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Exterior Features
Fencing 
Back YardChain Link
Roof 
CompositionFlat
Community Features
Financing Terms Available 
CashConventional
School District 
Lakewood CSD (Cuyahoga)- 1817
Township 
Lakewood
Schools
School District
Lakewood CSD (Cuyahoga)- 1817
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of David S Sharkey of Progressive Urban Real Estate Co



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2025 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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