USAOHLakewoodWaterbury Heights1631 Waterbury Rd
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$450,000

For Sale

3 hours ago

1631 Waterbury Rd, Lakewood, OH

House

MLS® 5193425

7 Bed

2 Bath

3347 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 3347 sqft
Garage Yes
Taxes $5,927
Days Active 0
Lot Size 
Approx. Age 1919
Avg. Price Per Sqft $134
MLS® Number 5193425

Property Address: 1631 Waterbury Rd, Lakewood, OH, 44107-4820

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

Description

Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3, 300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1, 400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2, 100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility. Additional improvements include updated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most sought-after rental markets, residents enjoy easy access to Lakewood's vibrant restaurant scene, shopping, parks, nightlife, and convenient access to Downtown Cleveland. Opportunities to acquire a renovated, large-format duplex in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking to offset their mortgage with rental income. Absolutely no seller financing, no wholesale contracts, END BUYERS ONLY.
MLS® Number5193425
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1919
BasementFull, Unfinished
DrivewayDetached, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 30, 2026List Date
$450,000List Price
Sep 6, 2024End Date
$405,000Sold Price

Sold

Jul 19, 2024List Date
$405,000List Price
  • Commute

Commute

Starting Address
Destination Address
1631 Waterbury Rd, Lakewood, OH

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