Lakewood, OH 44107,16812 Madison AVE
Lakewood, OH 44107,16812 Madison AVE
Lakewood, OH 44107,16812 Madison AVE
Lakewood, OH 44107,16812 Madison AVE
Lakewood, OH 44107,16812 Madison AVE
Lakewood, OH 44107,16812 Madison AVE
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$1,250,000

$699,900

78.6%
Est.Price: ?

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Est. payment /mo

6,272 Sqft Lot


SOLD DATE : 12/09/2025

Key Details

Sold Price $1,250,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Mathews & Gilberts 03

MLS Listing ID 5151332

Sold Date 12/09/25

HOA Y/N No

Year Built 1923

Annual Tax Amount $25,114

Tax Year 2024

Lot Size 6,272 Sqft

Acres 0.144

Property Sub-Type Apartment

Property Description

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.

Location

State OH

County Cuyahoga

Rooms

Basement Partial, Walk-Out Access

Interior

Heating Hot Water, Steam

Cooling None

Fireplace No

Exterior

Parking Features No Garage, On Street

Fence Back Yard, Chain Link

Water Access Desc Public

Roof Type Composition,Flat

Building

Sewer Public Sewer

Water Public

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 313-21-023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

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Northern Ohio Regional MLS (YES-MLS)
Listed by David S Sharkey • Progressive Urban Real Estate Co • dsharkey@progressiveurban.com, 216-533-1617
Bought with Non-Member Non-Member • Non-Member

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Joseph Luckino

Joseph Luckino

Broker | License ID: C2015005262

+1(740) 632-9111

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