USAOHLakewoodLand & Home Companys 011604 Newman Ave
1604 Newman Ave | Image 1
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1604 Newman Ave | Image 7

$275,000

Pending

21 days ago

1604 Newman Ave, Lakewood, OH

House

MLS® 5203363

6 Bed

2 Bath

2240 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2240 sqft
Garage 
Taxes $7,161
Lot Size 
Approx. Age 1898
Avg. Price Per Sqft $122
MLS® Number 5203363

Property Address: 1604 Newman Ave, Lakewood, OH, 44107-5232

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number5203363
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1898
BasementCrawl Space
DrivewayDriveway, No Garage, Unpaved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Apr 22, 2026List Date
$275,000List Price
Mar 3, 2024End Date
$125,000Sold Price

Sold

Jul 15, 2024List Date
$102,000List Price
  • Commute

Commute

Starting Address
Destination Address
1604 Newman Ave, Lakewood, OH

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Sylvia Incorvaia

Listing Agent

Sylvia Incorvaia

[email protected]
216-316-1893
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