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!
Active
$450,000
5582 S Ridge Rd, Madison, OH 44057
8beds
--sqft
Quadruplex, Multi Family
Built in 1850
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Large two-story barnWell-maintained triplexEnclosed porchTwo poultry barnsNewer windows
- 11 days |
- 684 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
Clorice L Vines 440-812-2542 cloricedlugos@gmail.com,
McDowell Homes Real Estate Services,
Meagan Dowdell 440-415-3708,
McDowell Homes Real Estate Services
Source: MLS Now,MLS#: 5219929
Originating MLS: Lake Geauga Area Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Fireplace(s), Hot Water, Radiator(s), Steam
Cooling
- Ceiling Fan(s)
Appliances
- Laundry: Inside, Multiple Locations
Features
- Built-in Features, Ceiling Fan(s), High Ceilings, High Speed Internet, Primary Downstairs, Storage
- Basement: French Drain,Interior Entry,Unfinished,Walk-Out Access
- Has fireplace: Yes
- Fireplace features: Wood Burning
Property
Parking
- Total spaces: 3
- Parking features: Additional Parking, Boat, Common, Detached, Garage
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Exterior features: Storage
Lot
- Size: 8.72 Acres
- Features: Agricultural, Subdivided
Details
- Parcel number: 01A0110000010
- Special conditions: Estate
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Aluminum Siding, Brick, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1850
Utilities & green energy
- Sewer: Septic Tank
- Water: See Remarks, Shared Well
Community & HOA
Community
- Features: Stable(s), Lake, Medical Service, Park, Restaurant, Shopping
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Madison
Financial & listing details
- Annual tax amount: $3,382
- Date on market: 6/17/2026
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional,FHA 203(b),USDA Loan,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Listed for sale | $450,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 44057
Nearby schools
GreatSchools rating
- 7/10Red Bird Elementary SchoolGrades: K-5Distance: 2.3 mi
- 5/10Madison Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10Madison High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- District: Madison LSD Lake- 4303
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Ohio
- Lake County
- Madison
- 44057
- 5582 S Ridge Rd



