5582 S Ridge Road
Madison, OH, 44057 $ 450,000
Bedrooms8 Baths4.0 Monthly Estimate*
$ 2,771
for $450,000 with 8 bedrooms and 4 full baths. This home was built in 1959 on a lot size of 8.7159.
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. Unit 1 features private laundry, newer windows, and an enclosed porch. Units 2 and 3 share a common laundry area. Current rents include Unit 2 at $660/month and Unit 3 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!
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FeaturesGeneralSewer Septic Tank
Heating Fireplace(s) Hot Water Radiator(s) Steam
Cooling Ceiling Fan(s)
Possession Negotiable
Roof Asphalt Shingle
Garage Spaces 3
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Aluminum Siding Brick Vinyl Siding
Year Built 1959
Stories Count 2
Township Madison Twp
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Community Features Stable(s) Lake Medical Service Park Restaurant Shopping
County Lake
Property Type Residential Income
Attached Garage false
Garage Y/N true
Full Baths 4
Status Active
Directions From rt 90 go north on rt 528 west on rt 84.
City Madison
High School District Madison LSD Lake- 4303
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 3382.34
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Madison LSD Lake- 4303
Elementary School District Madison LSD Lake- 4303
Year Built Source Public Records
Property Sub Type Additional Quadruplex
Legal Description LOT 9 TRACT 3
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InteriorInterior Amenities Built-in Features Ceiling Fan(s) High Ceilings High Speed Internet Primary Downstairs Storage
Basement French Drain Interior Entry Unfinished Walk-Out Access
Fireplace Features Wood Burning
Basement (Y/N) true
Heating Y/N true
Fireplace Y/N true
Half Baths 0
Laundry Features Inside Multiple Locations
Total Bedrooms 8
Main Level Bathrooms 0
Total Baths 4
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ExteriorExterior Amenities Storage
Parking Features Additional Parking Boat Common Detached Garage
Lot Features Agricultural Subdivided
Water Source See Remarks Shared Well
Lot Size Area 8.7159
Foundation Details Slab
Number of Buildings 2
Lot Size Acres 8.7159
Lot Size Source Owner
Waterfront Y/N false
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* Excluded FeaturesList ByClorice L VinesListing Agent
Mcdowell Homes Real Estate ServicesBroker
cloricedlugos@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,771
- Monthly Property Taxes
- $282
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Madison, OH
Average List Price $0
Percent of Sale Price 100%
About Madison, OH 3,229 Population
10% Since 2002
$ 53,309 Median Income
43.11 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4458322 Elementary School
4458539 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/17/2026 | $450,000 | | Listed Price |