LKV Realty
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$350,000
$1,900Reward *
16 Columbus Street, Bedford, OH 44146Listing ID 5229555

16 Columbus Street, Bedford, OH 44146

Active
Bedford
Time on site: 20 daysLast updated: Jul 24, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Triplex
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
3
Square Feet
Square Feet
3,708
Acres
Acres
0.1
Days on Site
Days on Site
20
Cooling
Cooling
Wall/Window Unit(s)
Heating
Heating
Hot Water, Steam
Year Built
Year Built
1920
Stories
Stories
2
Parking
Parking
Driveway

Generate $3,550/month in rental income today with projected cash flow of nearly $1,000/month after debt service using typical financing. Located in Historic Downtown Bedford, this fully occupied mixed-use investment offers diversified income with two street-level commercial suites and one spacious 5-bedroom, 1-bath apartment. The salon and boutique each pay $900/month on month-to-month leases and have expressed interest in renewing, giving new ownership the opportunity to secure longer lease terms while increasing rents. The remodeled residential unit rents for $1,750/month and features updated LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. The commercial spaces have also been tastefully updated by their tenants. Current financials produce a 7.58% cap rate with a projected 9.05% cap rate through market rent adjustments, equating to approximately $326 per unit, per month in projected cash flow after debt service before principal paydown. Walkable to restaurants, shops, parks, and local businesses with convenient access to I-271 and I-480. Complete financial package and video walkthrough available upon request.

Property Information

Property Details

Location

Address
16 Columbus Street
County
Cuyahoga
City
Bedford
Zip Code
44146
Subdivision
Bedford
School District
Bedford CSD - 1803

Interior Features

Beds and Baths

Bedrooms
5
Full Bathrooms
1
Half Bathrooms
2

Building

Building Information

Square Feet
3,708
Year Built
1920
Stories
2
Construction
Brick
Roof
Asphalt, Flat

Property Taxes

Tax Annual Amount
$4,019
Tax Year
2025
Keller Williams Living, (440) 318-1620

Market Report for 44146

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MLS Now
MLS Now logo

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings held by brokerage firms other than LKV Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). LKV Realty does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. This information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. - All Rights Reserved.

For corrections to this data please contact Brytecore MLS Support.

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