16601 Hilliard Road, Lakewood, OH 44107
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:tal tamir
Office:russell real estate services
MLS#:5115370
Source:OH_NORMLS
Price summary
- Price:$439,900
- Price per sq. ft.:$172.92
About this home
Incredible investment opportunity in the heart of Lakewood—one of Cleveland’s most sought-after neighborhoods! This beautifully maintained triplex currently generates $2,430 per month, with one vacant unit that could bring in an additional $1,495/month. The property features three spacious, sub-metered units—perfect for savvy investors or owner-occupants looking to house hack and offset their mortgage. The vacant first-floor unit is a 1,044 sq. ft. 2-bed, 1-bath. The second-floor unit, also 1,044 sq. ft. with 2 beds and 1 bath, is rented for $1,495/month. The third-floor unit is a charming 596 sq. ft. 1-bed, 1-bath leased at $935/month. Each unit boasts stunning hardwood floors, fully renovated kitchens with stone countertops and brand-new cabinetry, and fresh, modern paint throughout. Recent upgrades enhance both style and efficiency, making this property truly turnkey. Enjoy the convenience of a detached 2-car garage and the charm of a vibrant, walkable community just minutes from dining, shopping, and downtown Cleveland.
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Home facts
- Year built:1925
- Listing ID #:5115370
- Added:131 day(s) ago
- Updated:October 01, 2025 at 02:15 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,544 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1925
- Building area:2,544 sq. ft.
- Lot area:0.24 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$439,900
- Price per sq. ft.:$172.92
- Tax amount:$7,460 (2024)
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