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5582 S Ridge Road

Madison, OH 44057

$450,000 $1,897/Mo

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Overview

Bed

Bath

8.72

Acres(Lot)

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!

Property Details

Property Type : Residential Income

Price : $450,000

AD Id : 85120608

MLS Id : 5219929

Beds : 8

Lot Size : 8.72 Acres

Year Built : 1850

Garage : 3

County : Lake

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Has Basement: Yes Basement: French Drain, Interior Entry, Unfinished, Walk-Out Access
Roofing Information

Asphalt, Shingle
Interior Features

Built-in Features, Ceiling Fan(s), High Ceilings, High Speed Internet, Storage, Master Downstairs Roof: Asphalt, Shingle Laundry Features: Inside, Multiple Locations
Heating & Cooling

Has Heating: Yes Heating: Fireplace(s), Hot Water, Steam, Radiant Has Cooling: Yes Cooling: Ceiling Fan(s)

Building Information

Year Built: 1850 Construction Materials: Aluminum Siding, Brick, Vinyl Siding Stories: 2 Private Pool: No
Exterior Features

Exterior Features: Storage

Lot Information

Main Square Feet: 8.7159 Acres Lot Size Acres: 8.7159 Lot Size Source: Owner Lot Description: Agricultural, Subdivided

Listing Price Information

Listing Price: $450000 Cash, Conventional, USDA Loan, VA Loan

Tax Information

Parcel Number: 01-A-011-0-00-001-0 Tax Year: 2025 Annual Tax: $3382.34 Tax Legal Desc: LOT 9 TRACT 3

Parking Information

Additional Parking, Boat, Common, Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 3

Location Information

Direction: From rt 90, go north on rt 528, west on rt 84. WaterSource: Well, See Remarks, Shared Well Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
52 Eagle Street, Madison, OH, 44057	$275,000	6	4	3,285	3,285 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 06/20/2026 @ 16:00

MLS: 5219929 LISTED BY: Clorice Vines, McDowell Homes Real Estate Services 440-205-2000 SOURCE: MLS Now