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Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,996 sqft
Price per Sqft $170
Subdivision Delmar
MLS Listing ID 5092046
Sold Date 03/31/25
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,996
Year Built 1919
Annual Tax Amount $5,858
Tax Year 2023
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Duplex
Property Description
Located in one of Lakewood's most sought-after neighborhoods, this beautifully updated duplex is a rare find with central air conditioning, a new two-car garage, and income-generating potential offering ample room for rent increases or the flexibility of owner occupancy. Featuring two 2-bedroom, 1-bathroom units, the property combines modern upgrades with timeless charm, making it the perfect investment or living opportunity. Inside, both units have been tastefully remodeled, boasting updated kitchens and bathrooms while showcasing beautiful hardwood floors throughout. Each unit is equipped with its own washer and dryer for added convenience, and energy-efficient vinyl windows and vinyl siding ensure low maintenance. The spacious partially finished third floor offers incredible potential, whether for a third bedroom, home office, or an Airbnb setup, providing a unique way to increase income or living space. This duplex is already generating revenue, with one unit open and ready for you to occupy or lease under your own terms. The property's updated features, including central air (a rare feature in Lakewood), make it highly attractive to tenants, while its strong rental history and location provide plenty of opportunities for future growth. Outside, the new two-car garage adds value and convenience, providing dedicated parking for tenants or the owner. The home's location in western Lakewood offers a vibrant lifestyle, with easy access to Detroit and Madison Avenue's dining, shopping, and entertainment. Enjoy nearby parks and a quick commute to downtown Cleveland, making this property appealing to both renters and homeowners alike. Whether you're looking to expand your investment portfolio or move into a stunning, income-generating property, this duplex checks all the boxes. Its combination of location, modern upgrades, and income flexibility make it a standout opportunity. Video tour and additional information available upon request!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry In Basement
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link, Wood
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More, Two
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 311-30-009
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Alana Vovk • Keller Williams Greater Metropolitan