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1604 Newman Avenue, Lakewood, OH 44107

$275,000
  • 1604 Newman Avenue, Lakewood, OH 44107 Main Photo
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New to the Market Active
BEDS6 BATHS2 full SQUARE FEET2,240 MLS#5203363
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLand & Home Companys 01 SCHOOLLakewood City

Property Description

Investment opportunity in the heart of Lakewood's Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether you are looking to add to your portfolio or secure a value-add property with long-term potential, this duplex is one worth a closer look. Here's a slightly more investor-focused version too: Turnkey cash-flow opportunity in Lakewood's desirable Birdtown neighborhood. This fully occupied duplex features two 3-bedroom, 1-bath units, each currently rented for $1,400 per month, producing $33,600 in annual gross income. With strong rental demand and a sought-after location, this property offers investors immediate cash flow with additional upside through future improvements. The left unit has already been updated with new windows, a full kitchen remodel, a full bathroom remodel, all new flooring, fresh paint, and new drywall on the first floor. A solid addition to any investment portfolio, this property combines current income with value-add potential in one of Lakewood's most popular rental areas.

1604 Newman Avenue | MLS# 5203363

This multi-family property located at 1604 Newman Avenue, Lakewood, OH 44107 is currently listed for sale with an asking price of $275,000. Newman Avenue is located within the Lakewood City school district. Search Lakewood real estate on www.findanohiorealtor.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $7,161 / year
Year Built: 1898

Feature Descriptions

Days on Site: 1
Exterior: Vinyl Siding
Parcel#: 315-15-056
Parking: Driveway, No Garage, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lakewood City

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: kevinkellyestates@gmail.com, 440-503-1775

Shown By

Agency Title: DeHOFF REALTORS
Agency Phone: 330-499-8153

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Estimated Payment

$ 1,891.81 per month $1,214.85 Principal & Interest $596.75 Property Tax $80.21 Homeowner's Insurance

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