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  • $327,200

    12627 Franklin Blvd, Lakewood, OH 44107

    6beds
    --sqft
    Duplex, Multi Family
    Built in 1913
    -- sqft lot
    $394,900 Zestimate®
    $--/sqft
    $1,772 Estimated rent

    Home value

    $394,900

    $355,000 - $438,000

    $1,772/mo

    Zestimate® history
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    Owner options

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    $1,772/mo

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    $1,772/mo

    Rent Zestimate®

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    $2,318/mo

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    $2,318/mo

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    What's special

    Welcome to 12627 Franklin Blvd in Lakewood, OH! This spacious 6-bedroom, 2-bathroom property presents a fantastic investment opportunity. Partially occupied with a tenant providing $1,400 per month, with a lease ending on 2/26/2025, this property offers immediate cash flow. The vacant unit is awaiting renovation but has the potential to generate $1,500 in monthly income once rehabbed, offering even greater returns for savvy investors. Conveniently located near downtown Cleveland, shopping, and vibrant nightlife, this property appeals to both tenants and owners alike. Whether you're looking to expand your investment portfolio or seeking a place to call home with rental income potential, 12627 Franklin Blvd has plenty to offer. Don't miss out – schedule a viewing today and seize this exciting opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Alex V Johnson 440-389-3883rebroker216@gmail.com,

    Real Estate Quest, Inc.

    Bought with:

    Patrick W Jung, 2015005600

    EXP Realty, LLC.

    Source: MLS Now,MLS#: 5029287MLS LogoOriginating MLS: Other/Unspecificed

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • None, Other
    Features
    • Basement: Full,Unfinished

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,654 Square Feet
    Details
    • Parcel number: 31511171
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Aluminum Siding, Wood Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1913

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Gerard Companys Sub #1
    Location
    • Region: Lakewood

    Financial & listing details

    • Tax assessed value: $302,000
    • Annual tax amount: $4,656
    • Date on market: 4/9/2024
    • Cumulative days on market: 22 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/21/2025Listing removed$2,100
    Source: Zillow Rentals Report a problem
    4/16/2025Listed for rent$2,100
    Source: Zillow Rentals Report a problem
    5/29/2024Sold$327,200-5.2%
    Source: MLS Now #5029287 Report a problem
    5/1/2024Pending sale$345,000
    Source: MLS Now #5029287 Report a problem
    4/9/2024Listed for sale$345,000+14.2%
    Source: MLS Now #5029287 Report a problem
    7/29/2022Sold$302,000+115.7%
    Source: Public Record Report a problem
    1/26/2022Sold$140,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,932 -0.2%$105,700
    2024$6,943 +29.6%$105,700 +51.5%
    2023$5,355 +15%$69,790
    2022$4,656 +1%$69,790
    2021$4,610 +17.6%$69,790 +29%
    2020$3,922 -53.8%$54,110
    2019$8,490 +121%$54,110
    2018$3,841 +38.4%$54,110 +40.5%
    2017$2,776 -29.4%$38,510 -24.8%
    2016$3,932 $51,180
    2015$3,932 +0.7%$51,180 +4%
    2014$3,903 +1%$49,220
    2013$3,863 +11.2%$49,220
    2012$3,474 -2.4%$49,220 -3.8%
    2011$3,558 -32.3%$51,140
    2010$5,252 +5.1%$51,140
    2009$4,998 +49.8%$51,140 -6%
    2008$3,337 -14.7%$54,400
    2007$3,910 +0.4%$54,400
    2006$3,893 +17.8%$54,400 +24.3%
    2005$3,305 +1%$43,760
    2004$3,274 $43,760
    2003-- $43,760 -10.5%
    2002$3,472 -45%$48,900
    2001$6,318 -0.1%$48,900
    2000$6,323 $48,900
    Find assessor info on the county website

    Neighborhood: 44107

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lakewood CSD (Cuyahoga)- 1817

    Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $394,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $394,900