USAOHLakewoodWaterbury Heights1631 Waterbury Rd
Listing image | Image 1

1631 Waterbury Rd, Lakewood, OH

House

For Sale

Listed price in listed location currency (USD).
$425,000

722

MLS® 5230414

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 3347 sqft
Garage Yes
Taxes $5,927
Days Active 2
Lot Size 0.155 Acres
Approx. Age 1919
Avg. Price Per Sqft $126
MLS® Number 5230414

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 more than 3, 300 square feet of living space, substantial rental potential, and the added flexibility of being delivered vacant at closing. Renovated in 2022, the property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, updated flooring, and numerous interior improvements. The first-floor unit offers 3 bedrooms, while the expansive upper unit spans the second and third floors and provides 4 to 5 bedrooms. Projected market rents are approximately $1, 600 to $1, 800 per month for the first-floor unit and $1, 800 to $2, 200 per month for the upper unit, creating strong income potential for an investor or an excellent opportunity for an owner-occupant looking to offset their monthly housing costs. Additional improvements include updated HVAC systems installed in 2018 and 2019, along with a new roof in 2025. The property is also Point of Sale compliant, allowing the next owner to focus on leasing and operations rather than immediate municipal requirements or major deferred maintenance. Located in one of Northeast Ohio’s most desirable rental markets, the property offers convenient access to Lakewood’s restaurants, shopping, parks, nightlife, and Downtown Cleveland. Large, renovated duplexes in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking for space, flexibility, and income potential. No seller financing. No wholesale contracts or assignments. End buyers only.
MLS® Number5230414
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1919
BasementFull, Unfinished
DrivewayDetached, Garage
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 24, 2026List Date
$425,000List 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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