$325,000
About this home
Lakewood Five-Unit Value-Add Investment Opportunity! Exceptional opportunity for investors to acquire an all brick multifamily property in the established in Lakewood's Birdtown market with significant potential to add value through renovations, improved management, and rental optimization. Long held by the same family, this property offers a chance to reposition a five-unit asset consisting of three 2-bedroom units and two 1-bedroom units. Rents have not kept pace with current market conditions, and the property requires updating and deferred maintenance, creating an opportunity for an investor ready to take on a renovation project. The building offers approximately 3,472 square feet of usable space per the county auditor's website, a brick exterior, some updated windows, and parking for four vehicles. Additional features include a large attic with potential for future finishing, along with basement storage and office space. Utilities are individually metered, with the exception of water. An excellent opportunity for an investor looking to renovate, improve operations, and unlock the property's long-term income potential in Lakewood. Great location - convenient access to local shopping, restaurants, parks, and major commuter routes. Buyers to conduct their own due diligence regarding property condition, renovation requirements, rental income, expenses, and the feasibility of any proposed improvements. No owner financing, no wholesalers, Selling AS-IS.
Property details
- MLS
- NOWDD
- MLS #
- 5252726
- Property type
- Apartment
- Subdivision
- N/A
- Status
- Active
- Days on market
- N/A
- On market date
- October 13, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 4
- Lot size
- 0.1178 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.
- Enrollment
- 254
- Student:teacher ratio
- 16.9:1
- District
- Lakewood City
- Enrollment
- 464
- Student:teacher ratio
- 15.0:1
- District
- Lakewood City
- Enrollment
- 187
- Student:teacher ratio
- 37.4:1
- District
- Lake Erie International High School
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.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 3 days ago.
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.