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$423,300

  • Sold
  • Closed
  • Triplex
  • 5 Beds
  • 3 Full Baths
  • 2,544 Sq. Ft.
  • 0.2395 Acres
  • 2 Car Garage
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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.

Full Property Details for 16601 Hilliard Rd

General

  • Sold For: $423,300
  • Taxes: $7,460 (2024)
  • Status: Closed
  • Type: Triplex
  • Source: 505
  • MLS ID: 5115370
  • Added to Site: 93 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached, Garage, On Site, Paved

Location

  • County: Cuyahoga
  • Township: Lakewood
  • Subdivision: S H Kleinman Realty Cos Traym
  • Driving Directions: North of I-90

School Information

  • Elem School District: Lakewood CSD (Cuyahoga)- 1817
  • Midd School District: Lakewood CSD (Cuyahoga)- 1817
  • High School District: Lakewood CSD (Cuyahoga)- 1817

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt, Shingle
  • Square Feet: 2,544
  • Living Area: 2,544 Sq. Ft.
  • Finished Above Grnd: 2,544 Sq. Ft.
  • Year Built: 1925
  • Year Built Source: Public Records
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.2395
  • Lot Size: .2395
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $7,460
  • Tax Year: 2024
  • Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: 18 TRAYMORE 0001 ALL
  • Property ID: 313-12-071

Listed by Russell Real Estate Services, Tal Tamir
Sold by RE/MAX Crossroads Properties, Stefania Duffy

Listing agent

— 16601 Hilliard Rd —

  • Tal Tamir

    Russell Real Estate Services

tal@premierclevelandinvesting.com, 216-870-8687

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16601 Hilliard Rd

School District:Lakewood City School District
NameGradesDistance
Hayes Elementary School
16401 Delaware Avenue, Lakewood, OH 44107
PK-50.3 mi
Harding Middle School, Lakewood, OH
16601 Madison Avenue, Lakewood, OH 44107
6-80.1 mi
Lakewood High School, Lakewood, OH
14100 Franklin Boulevard, Lakewood, OH 44107
9-121.1 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 16601 Hilliard Rd

Date
Details
Price
Change
Source
12/12/2025
Sold
$423,300
-3.77%
MLS
10/16/2025
Listed
$439,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Russell Real Estate Services, Tal Tamir
Sold by RE/MAX Crossroads Properties, Stefania Duffy

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16601 Hilliard Road, Oakwood, OH 44107 (MLS# 5115370) is a Triplex property that was sold at $423,300 on December 12, 2025. Want to learn more about 16601 Hilliard Road? Do you have questions about finding other Triplex real estate for sale in Oakwood? You can browse all Oakwood real estate or contact a Coldwell Banker agent to request more information.