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Laura Petek

laura@laurapetek.com +1(440) 935-2898

$ 1,999,900

Est. payment | -/mo

9,361 Sqft Lot

Save

$ 1,999,900

Est. payment | -/mo

Save

9,361 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Henry Beach Sub

MLS Listing ID 5240505

HOA Y/N No

Year Built 1925

Annual Tax Amount $38,182

Tax Year 2025

Lot Size 9,361 Sqft

Acres 0.2149

Property Sub-Type Apartment

Property Description

A rare opportunity to own an 18-unit apartment building at 12015 Clifton Boulevard, one of Lakewood's most desirable and convenient locations. Just minutes from Edgewater Park, Downtown Cleveland, and Lake Erie, residents enjoy walkable access to public transit, local shops, and popular dining destinations. The property is currently producing income and features modest upgrades while maintaining its original Lakewood character. Many units include refinished hardwood floors, fresh paint, and kitchen and bath improvements with newer appliances in several suites. The building also offers on-site coin laundry for additional income, a new boiler system, and many plumbing and electrical upgrades throughout. While the building is in average overall condition, it provides flexibility for a range of investment strategies — whether kept as a steady turnkey property or renovated into a luxury or boutique apartment community. The rear lot also provides room to add 5+ parking spaces, a valuable feature in this part of Lakewood. A strong investment opportunity in one of Greater Cleveland's most established and high-demand rental corridors, offering location, character, and potential for future growth.

Location

State OH

County Cuyahoga

Rooms

Basement Full, Storage Space, Walk-Out Access

Interior

Heating Gas, Hot Water, Radiator(s), Radiant, Steam

Cooling Other, Window Unit(s)

Fireplace No

Laundry Coin-operated

Exterior

Parking Features Additional Parking, On Street

Water Access Desc Public

Roof Type Flat,Rubber

Present Use Commercial,Multi-Family

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 312-29-031

Security Features Fire Escape

Acceptable Financing Cash, Conventional, 1031 Exchange, Other

Listing Terms Cash, Conventional, 1031 Exchange, Other

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Hannah Pannetti • Keller Williams Citywide • hpannetti@kw.com, 216-403-2447

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(440) 935-2898

laura@laurapetek.com

116 W Washington St, Medina, OH 44256-2233, USA

12015 Clifton BLVD Lakewood, OH 44017