$450,000

5582 S Ridge Road, Madison, OH 44057

  • 8 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1850
  • Property Lot Size Icon8.72acre lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

This property has been in the same family since 1905!!! Exceptional income-producing farm and multifamily investment opportunity situated on a total of 8.7159 acres of picturesque farmland! This unique property features a well-maintained triplex and a separate ranch home, offering multiple streams of rental income and endless possibilities for investors, owner-occupants, hobby farmers, or those seeking a rural retreat with cash flow potential. The triplex sits on 6.2172 acres and consists of three separate 2-bedroom, 1-bath units, each with its own private entrance. It is considered a Century Home. Unit 1 features private laundry, newer windows, and an enclosed porch. Units 2 and 3 share a common laundry area. Current rents include Unit 3 at $660/month and Unit 2 at $680/month, providing immediate income with additional upside potential. The separate 2-bedroom, 1-bath ranch home is situated on 2.4987 acres and includes its own septic system, creating excellent flexibility for owner occupancy, additional rental income, or multigenerational living. Current rent at $825/month. Outdoor improvements are extensive and include two poultry barns, a large two-story barn, a 3-car garage, a lean-to, and an additional barn equipped with 220-volt electric service and multiple outlets, making it ideal for a workshop, equipment storage, farming operations, small business use, or recreational hobbies. One barn is currently leased for storage at $265/month, adding another income source. Whether you're looking for a cash-flowing investment property, hobby farm, agricultural property, homestead, rental portfolio expansion, or income-producing acreage, this versatile property offers incredible potential. Opportunities like this are rare-schedule your private showing today!

Listing Status:
Active
Data Last Updated:
July 5, 2026 at 9:17PM
Listing Office:
McDowell Homes Real Estate Services : 440-205-2000
Listing Agent:
Clorice L Vines : 440-812-2542
MLS ID:
5219929
  • General: Built-in FeaturesCeiling Fan(s)High CeilingsHigh Speed InternetPrimary DownstairsStorage
  • Laundry: InsideMultiple Locations
  • Basement: French DrainInterior EntryUnfinishedWalk-Out Access
  • A/C: Ceiling Fan(s)
  • Heating: Fireplace(s)Hot WaterRadiator(s)Steam
  • Fireplace: Wood BurningFireplace
  • General: Storage
  • Parking: Additional ParkingBoatCommonDetachedGarage
  • Roofing: AsphaltShingle
  • General: Aluminum SidingBrickVinyl Siding2Slab
  • Originating MLS: NOWDD_NORM
  • School District: Madison LSD Lake- 4303
  • County: Lake
  • Zoning: LOT 9 TRACT 301-A-011-0-00-001-0
  • Water: See RemarksShared Well
  • Sewer: Septic Tank
  • Source: NOWDD_NORM

This listing courtesy of Clorice L Vines , McDowell Homes Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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