$249,900

About this home

Turnkey, investment opportunity in highly desirable Lakewood! This six-unit property is a true income producer, ideally positioned in one of Northeast Ohio’s most sought-after rental markets amid ongoing development and growth. Located directly across from a vibrant artist studio, gallery, and event space, and just a short walk to popular restaurants, parks, and public transportation, with convenient highway access nearby. Recent updates: electric baseboard heat in each unit. Most units freshly painted & some updates when vacant. 4 Units are currently leased, offering immediate cash flow. 2 Units are vacant and can be seen prior to an accepted offer. The property also provides off-street parking for tenant convenience. Owner currently covers water/sewer. Rents range from $487–$787 per month, generating a total monthly income of $3814.45. Tenant pays electric bill. Don’t miss this excellent opportunity to expand your investment portfolio with a solid, income-generating property in a prime location!

Property details

MLS #

5200201

Property type

Apartment

Subdivision

N/A

Status

Active

Days on market

77

On market date

April 30, 2026

Stories

N/A

Garage spaces

N/A

Lot size

0.1001 acres

Nearby schools

Within 10 miles · public school directory data (NCES)