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1604 Newman Avenue, Lakewood, OH 44107

$275,000
  • 1604 Newman Avenue, Lakewood, OH 44107 Main Photo
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BEDS6 BATHS2 full SQUARE FEET2,240 MLS#5203363
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLand & Home Companys 01 SCHOOLLakewood City

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.

1604 Newman Avenue | MLS# 5203363

This multi-family property located at 1604 Newman Avenue, Lakewood, OH 44107 is currently listed for sale with an asking price of $275,000. Newman Avenue is located within the Lakewood City school district. Search Lakewood real estate on dknutty.mosholder.com today.

Property Features

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: 2
Exterior: Vinyl Siding
Parcel#: 315-15-056
Parking: Driveway, No Garage, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lakewood City

Listed By / Shown By

Listed By

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

Shown By

Agent Name: David Knutty
Agent Phone: (330) 607-2233
Agency Title: Mosholder Realty

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Estimated Payment

$ 2,003.05 per month $1,326.09 Principal & Interest $596.75 Property Tax $80.21 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/24/2026. The listing information on this page last changed on 04/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/24/2026 11:21:28 AM EST) or MLS NOW (last updated Fri 04/24/2026 11:18:18 AM EST). Real estate listings held by brokerage firms other than Mosholder Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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