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1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo
1604 Newman Avenue, Lakewood, OH 44107 Photo

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1604 Newman Avenue Lakewood, OH 44107
$275,000
Active / MLS# 5203363 / Multi Unit - Multiple / Lakewood
6 Beds
2 Baths
2240 SqFt

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.

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Mortgage Calculator

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(Payments are an estimate and may vary by lender)

Estimated Payment

$ 1,288.07 per month $611.11 Principal & Interest $596.75 Property Tax $80.21 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $7,161 / year
Year Built: 1898

Feature Descriptions

Days on Site: 5
Exterior: Vinyl Siding
Parcel#: 315-15-056
Parking: Driveway, No Garage, Unpaved
Sewer: Public Sewer
Water: Public

Schools

School District: Lakewood City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: kevinkellyestates@gmail.com, 440-503-1775

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