1604 Newman AVE, Lakewood, OH 44107
1604 Newman AVE, Lakewood, OH 44107
1604 Newman AVE, Lakewood, OH 44107
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$275,000
Est. payment /mo
6 Beds
2 Baths
2,240 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,240 sqft

Price per Sqft $122

Subdivision Land & Home Companys 01

MLS Listing ID 5203363

Bedrooms 6

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,240

Year Built 1898

Annual Tax Amount $7,161

Tax Year 2025

Lot Size 7,161 Sqft

Acres 0.1644

Property Sub-Type Duplex

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.

Location

State OH

County Cuyahoga

Direction East

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features Driveway, No Garage, Unpaved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Faces East

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 315-15-056

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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Northern Ohio Regional MLS (YES-MLS)
Listed by Sylvia Incorvaia • EXP Realty, LLC. • kevinkellyestates@gmail.com, 440-503-1775

Nearby Locations

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Zachary Underwood

Zachary Underwood

+1(330) 932-0665

Broker | License ID: BRKP.2014000258

Broker License ID: BRKP.2014000258

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