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16 Columbus Street

Bedford, OH 44146
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Bed 5

Bed

Bath 3

Bath

SqFt3,708

Sqft

Acres0.10

Acre(Lot)

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 produc e 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $350,000

AD Id : 88352311

MLS Id : 5229555

Beds : 5

Lot Size : 0.10 Acre

Living Area Size : 3,708

Year Built : 1920

County : Cuyahoga

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 1 Half Baths: 2

    Room Information

    Has Basement: Yes Basement: Partial, Unfinished
  • Roofing Information

    Asphalt, Flat
  • Interior Features

    Roof: Asphalt, Flat Laundry Features: Main Level
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Steam Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1920 Construction Materials: Brick Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.1025 Acres Lot Size Acres: 0.1025 Lot Size Source: Assessor

    Property Information

    Subdivision: Bedford Source Property Type: Residential Income Property SubType: Triplex Levels: Three Or More, Two Property Age: 106

  • Listing Price Information

    Listing Price: $350000

  • Tax Information

    Parcel Number: 812-13-002 Tax Year: 2025 Annual Tax: $4018.92 Tax Legal Desc: 46 VILBED EP 252.93FTE OF CL BROADWAY 0061

  • Parking Information

    Driveway

  • Location Information

    Direction: South of Rockside Rd WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
45 1st Avenue, Bedford, OH, 44146 $215,000 4 2 1,932 1,932 SqFt
419 Center Road, Bedford, OH, 44146 $350,000 4 4 2,870 2,870 SqFt
99 Ellenwood Avenue, Bedford, OH, 44146 $250,000 5 2 3,612 3,612 SqFt

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 are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 08/06/2026 @ 06:47

MLS: 5229555 LISTED BY: Erin Thomas, Keller Williams Living 440-318-1620 SOURCE: MLS Now

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