1 of 50

Want to see this property?

5465 Chapel Road

Madison, OH 44057

12 beds
6 baths
6,634 sqft
3 sqft lot
$180 per sqft
1932 build
– on site

Long/Short term-Ready Investment Opportunity! Welcome to your turnkey rental retreat—featuring a main house and five fully furnished cottages on 3 private, park-like acres on Lake Erie, just minutes from Geneva-on-the-Lake and Mentor Headlands. This income-generating property is ideally located just steps from a public park and close to shopping, dining, and top regional attractions. Enjoy stunning sunset views, fire pits, dedicated entertainment areas, and two sheds thoughtfully transformed into cozy guest retreats. Each unit offers a fully equipped kitchen, while the main house and three cottages also feature in-unit laundry. All cottages were thoughtfully restored and major upgrades include all new roofs (2023), siding, two fully renovated bathrooms (2025), now transformed into stylish, comfortable, and guest-ready spaces with strong rental appeal. Everything you see, stays! (except for the 4-wheeler) Whether you're seeking a profitable short- and long-term rental portfolio or a unique multi-family compound, this rare property delivers on charm, versatility, and immediate income potential.

Listing courtesy of MLS_NOW / Keller Williams Chervenic Rlty

Last checked: Checking… • Last updated Jun 13, 2025 •

MLS# 5129377 —

The Building

Year Built:

1932
Year Built Source:

PublicRecords
Construction Materials:

WoodSiding
Patio And Porch Features:

Balcony
Levels:

Two
Stories:

2
Roof:

Asphalt,Fiberglass
Basement:

Full,Unfinished
Basement:

true
# of Buildings:

6
Stories Total:

2
Above Grade Finished Area:

6634.0
Above Grade Finished Area Source:

PublicRecords

Interior

Interior Features:

Bookcases,BuiltInFeatures,CeilingFans,CathedralCeilings,KitchenIsland,NaturalWoodwork

Room Dimensions

Living Area:

6634.0
Living Area Units:

SquareFeet

Financial & Terms

Possession:

DeliveryOfDeed

Location

Directions:

Rt. 20 to McMackin Rd. to Chapel Rd.
Latitude:

41.820751
Longitude:

-81.094676

The Property

Parcel Number:

01-B-129-A-00-025-0
Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Lot Features:

LakeErieFront,LakeFront,Wooded,Waterfront
Lot Size Acres:

3.0663
Lot Size Area:

3.0663
Lot Size Units:

Acres
Lot Size Source:

PublicRecords
Frontage Type:

Lakefront
View:

true
View:

Lake,Water
Exterior Features:

Balcony,DogRun,FirePit,Storage
Fencing:

Wood
Waterfront:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Legal Description:

T 4 L 14 136.35
Tax Annual Amount:

$9,069

Beds

Bedrooms Total:

12

Baths

Total Baths:

6
Full Baths:

6

The Listing

Listing Terms:

Cash,Conventional
Home Warranty:

false
Virtual Tour URL Branded:

https://drive.google.com/file/d/1RdEgvSgnkSCvvy8DF9bqnyUScAM4T33E/view?usp=sharing
Virtual Tour URL Unbranded 2:

https://drive.google.com/file/d/1RdEgvSgnkSCvvy8DF9bqnyUScAM4T33E/view?usp=sharing
Virtual Tour URL Unbranded 3:

https://www.propertypanorama.com/5465-Chapel-Road-Madison-OH-44057/unbranded

Heating & Cooling

Heating:

Baseboard,HotWater,Steam
Heating:

true
Cooling:

WallUnits
Cooling:

true

Utilities

Sewer:

SepticTank
Water Source:

Public

Appliances

Appliances:

Range,Refrigerator
Laundry Features:

InBasement,InGarage

Schools

Elementary School District:

Madison LSD Lake- 4303
Middle School District:

Madison LSD Lake- 4303
High School District:

Madison LSD Lake- 4303

The Community

Subdivision Name:

Dreamhaven
Pool Private:

false
Waterfront Features:

LakeFront,Waterfront

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

6.0
Carport:

false
Parking Features:

Driveway,Detached,Garage,Unpaved

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
6/13/25 Jun 13, 2025	Relisted	MLS_NOW	$1,200,000
3/9/23 Mar 9, 2023	Pending	MLS_NOW
3/9/23 Mar 9, 2023	Sold	MLS_NOW

Want a closer look?

Go see 5465 Chapel Road

Or Call Toll Free 1-800-258-2512

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in North Madison, OH

Similar sold homes

This multifamily located in Spring Grove Lakelands, North Madison, OH 44057 is currently for sale for $1,200,000. 5465 Chapel Road is a 6,634 square foot multifamily with 12 beds and 6 baths that has been on Estately for 2 days. 5465 Chapel Road is in the Spring Grove Lakelands neighborhood of North Madison and has a WalkScore® of 1, making it car-dependent. This multifamily is in the attendance area of Madison High School, North Elementary School, and Madison Middle School.

Listing Courtesy of: MLS_NOW and Keller Williams Chervenic Rlty.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Estately are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The information included in this listing is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed.