5582 South Ridge Road

Madison, OH 44057

$450,000
Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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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...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!
  1. Listed by Clorice L Vines • McDowell Homes Real Estate Services
    P: (440)-812-2542 C: (440)-812-2542 cloricedlugos@gmail.com
  2. Listed by Meagan Dowdell • McDowell Homes Real Estate Services
    P: (440)-415-3708 C: (440)-415-3708 meagandowdell@mcdhomes.com

Property Details for 5582 South Ridge Road

Has Waterfront
No
LISTING UPDATED: 06/18/2026 01:46 PM

Property Details for 5582 South Ridge Road

StatusActive
MLS #5219929
Days on Market1
Taxes$3,382 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1959
Lot Size8.72 AC / 379,664 SF
CountyLake County
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Location

Listing Courtesy of McDowell Homes Real Estate Services
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Building Information for 5582 South Ridge Road

Stories2Residences-Year Built1959Building Size-Lot Size8.72 AC / 379,664 SF

Payment Calculator

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$2,524 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,242

Property Taxes

$282

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5582 South Ridge Road

Summary
Location and General Information
  • Directions: From rt 90, go north on rt 528, west on rt 84.
  • Latitude: 41.763288
  • Longitude: -81.088045
  • Township: Madison Twp
Taxes and HOA
  • Parcel Number: 01-A-011-0-00-001-0
  • Tax Annual Amount: $3,382.34
  • Tax Legal Description: LOT 9 TRACT 3
  • Tax Year: 2025
School Information
  • Elementary School District: Madison LSD Lake- 4303
  • High School District: Madison LSD Lake- 4303
  • Middle or Junior School District: Madison LSD Lake- 4303
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Additional Parking, Boat, Common, Detached, Garage
Property
Lot Information
  • Lot Features: Agricultural, Subdivided
  • Lot Size Acres: 8.7159
  • Lot Size Area: 8.7159
  • Lot Size Source: Owner
  • Lot Size Units: Acres
Property and Assessments
  • Living Area: 0.0
  • Living Area Units: Square Feet
  • Year Built: 1959
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Aluminum Siding, Brick, Vinyl Siding
  • Foundation Details: Slab
  • Levels: Two
  • Number of Buildings: 2
Utilities
  • Sewer: Septic Tank
  • Water Source: See Remarks, Shared Well
Interior and Exterior Features
Interior Features
  • Basement: French Drain, Interior Entry, Unfinished, Walk Out Access
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 4
  • Total Bedrooms: 8
  • Cooling: Ceiling Fans
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Heating: Fireplaces, Hot Water, Radiators, Steam
  • Has Heating: Yes
  • Interior Features: Built In Features, Ceiling Fans, High Ceilings, High Speed Internet, Primary Downstairs, Storage
  • Laundry Features: Inside, Multiple Locations
  • Main Level Bathrooms: 0
  • Security Features: Carbon Monoxide Detectors, Smoke Detectors
Exterior Features
  • Community Features: Stables, Lake, Medical Service, Park, Restaurant, Shopping
  • Exterior Features: Storage
  • Private Pool: No
  • Roof: Asphalt, Shingle
  • Stories: 2
Unit Information
Unit 1
  • Actual Rent: $825.00
  • Area: 1160.0
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: ranch is on separate parcel. shared well. Built in 1959. 1160 sqft. 2.4987 acres. On slab. Rent = $825/month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 2
  • Actual Rent: $680.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: private entrance, shared laundry in basement, updated electric. Rent = $680/month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 3
  • Actual Rent: $660.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: laundry shared between unit 2 and 3 in basement. private entrance. Rent=$660/month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 4
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: private laundry and enclose porch. Private entrance. Triplex built in 1850 with total 4956 sqft, above ground 3472 sqft
  • Leased: Yes
  • Lease Expires: 09-30-2026 08:00:00 PM
  • Occupant Type: Occupied
  • Type: Two Bedroom

Property History for 5582 South Ridge Road

DateEvent & SourcePriceAppreciation
Jun 17, 2026

Listed (Active)

MLS Now #5219929

$450,000—
DateEvent & SourcePrice
06/17/2026

Listed (Active)

MLS Now #5219929

$450,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5582 South Ridge Road

Taxable ValueLand$113,750Additions-Total$113,750
Tax Record2025$1,354 ($113 / month)
Home Facts
Lot Size2,178,000 SqFtStyleFarmsZoningR-1CountyLAKEAPN01-A-030-0-00-001-0

Schools near 5582 South Ridge Road

This home is within Madison Local School District.
Rating
School
Type
Grades
Distance
Red Bird Elementary School
Public - K to 5
Madison Middle School
Public - 6 to 8
Madison High School
Public - 9 to 12
Madison Online Learning Academy
Public - 2 to 12
Rating
School
Distance
Red Bird Elementary School
PublicK to 5

Madison Middle School
Public6 to 8

Madison High School
Public9 to 12

Madison Online Learning Academy
Public2 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5582 South Ridge Road, Madison, OH 44057

5582 South Ridge Road is a multi-family home for sale in Madison, OH 44057. This property was listed for sale on June 17, 2026 by McDowell Homes Real Estate Services, it's currently listed at $450,000. This listing's school district is Madison Local School District. Nearby schools include Red Bird Elementary School, Madison Middle School and Madison High School. 5582 South Ridge Road is a 8-bed, 4-bath, multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McDowell Homes Real Estate Services

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