$475,000

About this home

RARE Lakewood investment opportunity! Welcome to 2203 Bunts Rd, a legally grandfathered TRIPLEX offering an excellent setup for investors or an owner occupant looking to house hack! The first floor is 3 Bed 1 bath, second one is 2 bedrooms and 1 full bath and they are all currently fully rented, with tenants responsible for their own utilities. First floor is leased for $1550 until 04/01/2028. Second floor is leased for $1200 until 03/01/2027 as the tenant cuts the grass, and takes care of the property. It was rented for $1500 previously. The second floor also has a sun room/reading room. The third-floor unit features 1 bedroom, 1 full bath, and its own kitchen, with a month-to-month tenant paying $950 a month. All 3 units have been remodeled in the last 10 years, this includes kitchen, flooring, countertops, trims, and similar. LOCATION, LOCATION, LOCATION! Enjoy everything Lakewood has to offer with Rising Star Coffee Roasters, Angelo's Pizza, parks, schools, shopping, restaurants, and entertainment nearby, plus easy access to Downtown Cleveland. Even more exciting is the major transformation currently underway along Bunts Road! The City of Lakewood's Bunts Road Rehabilitation Project includes a complete roadway reconstruction along with new water and sewer infrastructure, improved sidewalks and curbs, a new multipurpose path, decorative streetlights, buried electrical lines, and other improvements designed to enhance the corridor for pedestrians, cyclists, and drivers. Whether you're looking to add a solid 3-family property to your portfolio or live in one unit while collecting rent from the others, this is a GREAT HOUSE HACKING AND INVESTMENT OPPORTUNITY, it can also be a great Airbnb! Legally grandfathered as a triplex and ready for its next owner. Schedule your showing today!

Property details

MLS #

5235097

Property type

Triplex

Subdivision

E G Gilberts 01

Status

Active

Days on market

3

On market date

August 9, 2026

Stories

3

Garage spaces

2

Lot size

0.1332 acres

Nearby schools

Within 10 miles · public school directory data (NCES)