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$229,000 Just Listed
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Property Description
Mixed-use 3 units, Investor Special. Gross rent $2150.00/mo. Cleveland Lakewood line. Solid income stream in place at $25,800 annual gross income. Located on Cleveland side of Lakewood boarder. Residential rents re well under market with room to grow to $1200.00. Managers unit is a store that is currently rented and operating. Minutes to Edgewater, I90, and west side retail. Upside Alert: current rents trail Lakewood Market by 30%. Ideal for buyer looking to force appreciation. Priced aggressively at $229,000
Full Property Details
Full Property Details for 8701 Lake Ave
General
- Price: $229,000
- Taxes: $4,914 (2025)
- Status: Active
- Type: Triplex
- Source: 505
- MLS ID: 5187243
- Updated: 2/16/2026
- Added to Site: 3 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Inside
Parking
- Garage: Yes
- Parking Features: Off Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Davis & Grombachers
- Driving Directions: Lake Ave
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Roof: Flat
- Windows: Aluminum Frames
- Stories/Levels: 2
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.0956
- Lot Size: .0956
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $4,914
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 12 D&G 0029 NP
- Property ID: 001-09-079
Listed by 2000 Professional Realty, Kal Alnazer
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Schools
Schools serving 8701 Lake Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Marion C Seltzer Elementary School 1468 West 98th Street, Cleveland, OH 44102 | PK-8 | 0.6 mi |
Louisa May Alcott Elementary School 10308 Baltic Road, Cleveland, OH 44102 | K-5 | 0.7 mi |
Waverly Elementary School 1805 West 57th Street, Cleveland, OH 44102 | PK-8 | 1 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 3.6 mi |
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109 | 9-12 | 2.5 mi |
Davis Aerospace & Maritime High School 1440 Lakeside Avenue East, Cleveland, OH 44114 | 9-12 | 3.4 mi |
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 3.6 mi |
Halle 7901 Halle Avenue, Cleveland, OH 44102 | PK-8 | 1.1 mi |
Max S Hayes High School 2211 West 65th Street, Cleveland, OH 44102 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8701 Lake Ave
Date
Details
Price
Change
Source
2/16/2026
Listed
$229,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8701 Lake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,895
—
$47,430
246%
2023
$4,895
259%
$13,690
—
2022
$1,365
—
$13,690
—
2021
$1,369
-4%
$13,690
—
2020
$1,423
6%
$13,690
—
2019
$1,340
3%
$13,690
—
2018
$1,307
-7%
$13,690
-1%
2017
$1,409
—
$13,870
—
2016
$1,409
—
$13,870
—
2015
$1,413
-11%
$13,870
-12%
2014
$1,585
2%
$15,750
—
2013
$1,561
—
$15,750
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8701 Lake Ave
8701 Lake Avenue, Loveland, OH 44102 (MLS# 5187243) is a Triplex property with 6 bedrooms and 2 full bathrooms. 8701 Lake Avenue is currently listed for $229,000 and was received on February 16, 2026. Want to learn more about 8701 Lake Avenue? Do you have questions about finding other Triplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

