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.
Closed
$423,300
16601 Hilliard Rd, Lakewood, OH 44107
5beds
2,544sqft
Triplex, Multi Family
Built in 1925
-- sqft lot
$431,900 Zestimate®
$166/sqft
$1,706 Estimated rent
Home value
$431,900
$397,000 - $466,000
$1,706/mo
Zestimate® history
Owner options
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$1,706/mo
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$1,706/mo
Rent Zestimate®
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$2,935/mo
Est. payment
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$2,935/mo
Est. payment
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List your homeWhat's special
Modern paintStone countertopsRenovated kitchensHardwood floorsBrand-new cabinetry
Zillow last checked:
Listing updated:
Listing Provided by:
Tal Tamir 216-870-8687 tal@premierclevelandinvesting.com,
Russell Real Estate Services
Bought with:
Stefania Duffy, 2015004493
RE/MAX Crossroads Properties
Source: MLS Now,MLS#: 5115370
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,544
- Total interior livable area: 2,544 sqft
- Finished area above ground: 2,544
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, On Site, Paved
- Garage spaces: 2
Features
- Levels: Three Or More
Lot
- Size: 10,432 sqft
Details
- Parcel number: 31312071
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Updated/Remodeled
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lakewood
- Subdivision: S H Kleinman Realty Cos Traym
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $423,300-3.8%$166/sqft |
Source:  MLS Now #5115370 Report a problem | ||
| 10/7/2025 | Pending sale | $439,900$173/sqft |
Source: MLS Now #5115370 Report a problem | ||
| 8/6/2025 | Price change | $439,900-1.1%$173/sqft |
Source: MLS Now #5115370 Report a problem | ||
| 6/12/2025 | Price change | $444,900-1.1%$175/sqft |
Source: MLS Now #5115370 Report a problem | ||
| 5/22/2025 | Listed for sale | $449,900+30.4%$177/sqft |
Source: MLS Now #5115370 Report a problem | ||
| 1/28/2021 | Sold | $345,000-1.4%$136/sqft |
Source: MLS Now #4241556 Report a problem | ||
| 12/2/2020 | Pending sale | $349,900$138/sqft |
Source: Howard Hanna - North Olmsted #4241556 Report a problem | ||
| 11/26/2020 | Listed for sale | $349,900+66.6%$138/sqft |
Source: Howard Hanna #4241556 Report a problem | ||
| 6/11/2020 | Sold | $210,000-4.1%$83/sqft |
Source: Public Record Report a problem | ||
| 5/19/2020 | Pending sale | $219,000$86/sqft |
Source: RE/MAX Omega #4189289 Report a problem | ||
| 5/18/2020 | Listed for sale | $219,000+1.9%$86/sqft |
Source: RE/MAX Omega #4189289 Report a problem | ||
| 7/16/2018 | Listing removed | $215,000$85/sqft |
Source: Owner Report a problem | ||
| 4/17/2018 | Listed for sale | $215,000+202.8%$85/sqft |
Source: Owner Report a problem | ||
| 7/19/2016 | Sold | $71,000-21.1%$28/sqft |
Source: Public Record Report a problem | ||
| 4/13/2016 | Pending sale | $90,000$35/sqft |
Source: Keller Williams - Keller Williams Tri-County Properties #3790804 Report a problem | ||
| 3/19/2016 | Listed for sale | $90,000-24.4%$35/sqft |
Source: Keller Williams - Keller Williams Tri-County Properties #3790804 Report a problem | ||
| 12/25/2015 | Listing removed | $119,000$47/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 11/13/2015 | Price change | $119,000-3.6%$47/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 10/7/2015 | Price change | $123,500-4.3%$49/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 9/22/2015 | Price change | $129,000-7.8%$51/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 9/18/2015 | Price change | $139,900-6.7%$55/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 8/24/2015 | Price change | $149,900-5.1%$59/sqft |
Source: RE/MAX TRINITY #3737792 Report a problem | ||
| 8/11/2015 | Listed for sale | $158,000+31.7%$62/sqft |
Source: RE/MAX Trinity #3737792 Report a problem | ||
| 6/28/2015 | Listing removed | $120,000$47/sqft |
Source: Owner Report a problem | ||
| 4/29/2015 | Listed for sale | $120,000+126.4%$47/sqft |
Source: Owner Report a problem | ||
| 1/18/2013 | Sold | $53,000-24.3%$21/sqft |
Source: Public Record Report a problem | ||
| 5/15/2012 | Sold | $70,000-51.7%$28/sqft |
Source: Public Record Report a problem | ||
| 12/5/2000 | Sold | $145,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,462 +32.3% | $113,610 +54.6% |
| 2023 | $5,641 -0.7% | $73,500 |
| 2022 | $5,678 +1% | $73,500 |
| 2021 | $5,624 -5.9% | $73,500 +6.5% |
| 2020 | $5,974 +0.8% | $68,990 +0% |
| 2019 | $5,927 +1.3% | $68,980 0% |
| 2018 | $5,852 -53.3% | $68,990 +15% |
| 2017 | $12,530 -10.9% | $59,990 |
| 2016 | $14,066 +6.6% | $59,990 |
| 2015 | $13,194 +36.1% | $59,990 +4% |
| 2014 | $9,696 +32.5% | $57,690 |
| 2013 | $7,316 +45.7% | $57,690 |
| 2012 | $5,023 -14.2% | $57,690 -3.5% |
| 2011 | $5,855 +15.4% | $59,780 |
| 2010 | $5,075 +992.8% | $59,780 |
| 2009 | $464 -95.5% | $59,780 -6% |
| 2008 | $10,227 +120% | $63,600 |
| 2007 | $4,648 +0.4% | $63,600 |
| 2006 | $4,628 +2.7% | $63,600 +8.5% |
| 2005 | $4,508 +1% | $58,630 |
| 2004 | $4,465 +8.3% | $58,630 |
| 2003 | $4,123 +11.5% | $58,630 +14.5% |
| 2002 | $3,698 -44.1% | $51,210 |
| 2001 | $6,616 -0.1% | $51,210 |
| 2000 | $6,621 | $51,210 |
Find assessor info on the county website
Neighborhood: 44107
Nearby schools
GreatSchools rating
- 8/10Hayes Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Harding Middle SchoolGrades: 6-8Distance: 0.1 mi
- 7/10Lakewood High SchoolGrades: 9-12Distance: 1.1 mi
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
$431,900
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
$431,900
- Ohio
- Cuyahoga County
- Lakewood
- 44107
- 16601 Hilliard Rd
Nearby cities
Nearby zip codes
Other Lakewood Topics
