$425,000
About this home
Rare opportunity to acquire a fully renovated Lakewood duplex offering more than 3,300 square feet of living space, substantial rental potential, and the added flexibility of being delivered vacant at closing. Renovated in 2022, the property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, updated flooring, and numerous interior improvements. The first-floor unit offers 3 bedrooms, while the expansive upper unit spans the second and third floors and provides 4 to 5 bedrooms. Projected market rents are approximately $1,600 to $1,800 per month for the first-floor unit and $1,800 to $2,200 per month for the upper unit, creating strong income potential for an investor or an excellent opportunity for an owner-occupant looking to offset their monthly housing costs. Additional improvements include updated HVAC systems installed in 2018 and 2019, along with a new roof in 2025. The property is also Point of Sale compliant, allowing the next owner to focus on leasing and operations rather than immediate municipal requirements or major deferred maintenance. Located in one of Northeast Ohio’s most desirable rental markets, the property offers convenient access to Lakewood’s restaurants, shopping, parks, nightlife, and Downtown Cleveland. Large, renovated duplexes in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking for space, flexibility, and income potential. No seller financing. No wholesale contracts or assignments. End buyers only.
Property details
- MLS #
- 5230414
- Property type
- Duplex
- Subdivision
- Waterbury Heights
- Status
- Active
- Days on market
- N/A
- On market date
- July 24, 2026
- Stories
- 3
- Total bathrooms
- 2
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.155 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 254
- Student:teacher ratio
- 16.9:1
- District
- Lakewood City
- Enrollment
- 464
- Student:teacher ratio
- 15.0:1
- District
- Lakewood City
- Enrollment
- 1,364
- Student:teacher ratio
- 14.8:1
- District
- Lakewood City
Walkability
Blended score for Lakewood's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Lakewood, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated July 24, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.