$427,500

1542 Westwood Avenue, Lakewood, OH 44107

5 beds |
3 baths |
2,040 sqft

Duplex
Built in 1916
4,439sqft lot
2 car garage
$210/sqft
Listed 6 months ago

Property Description

Investor or owner-occupant opportunity! This incredible, oversized duplex in the heart of Lakewood offers flexibility and strong returns, just steps from the city’s best bars, restaurants, and entertainment. The first-floor unit is a well-maintained, 1,030 sq. ft, 2 bed, 1 bath currently rented at $1,500/month through July 31st, 2026. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths. The upper unit is approximately 1,530 sq. ft and is rented for $1,800/month through June 30th, 2026. Ideal for house hacking or maximizing rental income, this property features a brand-new roof (October 2024), a fully renovated upstairs unit including a new kitchen, two bathrooms, and third bedroom, plus updated appliances in both units and new basement laundry for tenants. Whether you're seeking a high-performing investment or a chance to live in one unit while renting the other, this Lakewood gem delivers on all fronts. *Note: Owner states that there are 5 bedrooms and 3 bathrooms and the county auditor website states that there are 4 bedrooms and 2 bathrooms.

Listing Status:: Active
Listing Office:: Russell Real Estate Services : 440-201-9850
Listing Agent:: Tal Tamir : 216-870-8687
MLS ID:: 5115368

Basement: FullUnfinished
A/C: None
Heating: Forced Air

Parking: DetachedGaragePaved

Roofing: AsphaltFiberglassShingle
General: Aluminum SidingVinyl SidingThree Or More

Originating MLS: NOWDD_NORM
School District: Lakewood CSD (Cuyahoga)- 1817
County: Cuyahoga

Zoning: 22 GROMBACHER 0095 ALL313-26-106

Water: Public
Sewer: Public Sewer

Source: NOWDD_NORM

This listing courtesy of Tal Tamir, Russell Real Estate Services

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Grant Elementary School

1470 Victoria Ave, Lakewood, OH, 44107

Grades KG-5

0.32 miles away

Harding Middle School

16601 Madison Ave, Lakewood, OH, 44107

Grades 6-8

0.39 miles away

Lakewood High School

14100 Franklin Blvd, Lakewood, OH, 44107

Grades 7-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.