16601 Hilliard Road, Lakewood, OH 44107
- $423,300
- 5
- BD
- 3
- BA
- 2,544
- SqFt
- Sold Price
- $423,300
- List Price
- $439,900
- Status
- CLOSED
- Days on Market
- 205
- Closing Date
- Dec 12, 2025
- MLS#
- 5115370
- Subtype
- Residential Income
- Year Built
- 1925
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 2,544
- Acres
- 0.24
- Subdivision
- S H Kleinman Realty Cos Traym
- Neighborhood
- S H Kleinman Realty Cos Traym
- MLS Area Major
- Lakewood
Property Description
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.
Additional Information
- Taxes
- $7,460
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Asphalt, Shingle
- Parking Features
- Detached, Garage, On Site, Paved
- Garage Spaces
- 2
- School District
- Lakewood CSD (Cuyahoga)- 1817
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: RE/MAX Crossroads Properties.Mortgage Calculator
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