2018 Dowd Avenue, Lakewood, OH 44107
sale
$325,000
|
Apartment
Courtesy Of Keller Williams Elevate
Lakewood Five-Unit Value-Add Investment Opportunity! Exceptional opportunity for investors to acquire an all brick multifamily property in the established in Lakewood's Birdtown market with significant potential to add value through renovations, improved management, and rental optimization. Long held by the same family, this property offers a chance to reposition a five-unit asset consisting of three 2-bedroom units and two 1-bedroom units. Rents have not kept pace with current market conditions, and the property requires updating and deferred maintenance, creating an opportunity for an investor ready to take on a renovation project. The building offers approximately 3,472 square feet of usable space per the county auditor's website, a brick exterior, some updated windows, and parking for four vehicles. Additional features include a large attic with potential for future finishing, along with basement storage and office space. Utilities are individually metered, with the exception of water. An excellent opportunity for an investor looking to renovate, improve operations, and unlock the property's long-term income potential in Lakewood. Great location - convenient access to local shopping, restaurants, parks, and major commuter routes. Buyers to conduct their own due diligence regarding property condition, renovation requirements, rental income, expenses, and the feasibility of any proposed improvements. No owner financing, no wholesalers, Selling AS-IS.
Read More About This Property
Read Less About This Property
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Cooling System: Window Unit(s)
- Cooling System: Central Air
- Heating System: Forced Air
- Legal Description: 20 PLEASHI S/L 292 SP0291 ALL
- MLSID: 5252726
- Parking Spaces: 4
- Rooms: Basement
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
