Renovated Duplex in the Heart of Lakewood

USD $427,500
1542 Westwood Avenue, Lakewood, Ohio, 44107, USA

Property Highlights

  • Oversized duplex in Lakewood location
  • New roof installed October 2024
  • Fully renovated upstairs unit
  • Updated kitchen and bathrooms upstairs
  • New basement laundry for tenants
  • Updated appliances in both units

Overview

Investor or owner-occupant opportunity! This incredible, oversized duplex in the heart of Lakewood offers flexibility and strong returns, just steps from the city's best bars, restaurants, and entertainment. The first-floor unit is a well-maintained 2 bed, 1 bath currently rented at $1,385/month, with the ability to increase to $1,500-$1,600 at lease renewal on 7/31/25. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths-rented for $1,765/month through 6/30/25. Ideal for house hacking or maximizing rental income, this property features a brand-new roof (October 2024), a fully renovated upstairs unit including a new kitchen, two bathrooms, and third bedroom, plus updated appliances in both units and new basement laundry for tenants. Whether you're seeking a high-performing investment or a chance to live in one unit while renting the other, this Lakewood gem delivers on all fronts. *Note: Owner states that there are 5 bedrooms and 3 bathrooms and the county auditor website states that there are 4 bedrooms and 2 bathrooms.
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Property Features

1542 Westwood Avenue, Lakewood, Ohio, 44107, USA offers the following features:

Bedrooms: 5
Bathrooms: 3 Full
Living Area: 2040sf
Property Type: Residential Multi Family
Status: Active
Reference ID: 5115368

What's Nearby

Local businesses near 1542 Westwood Avenue, Lakewood, Ohio, 44107, USA:

School: < 1 mile
Gym: < 1 mile
Grocery/Shopping Center: < 1 mile
Public Transportation: < 1 mile
Hospital: < 1 mile
Police Station: 1.6 miles

Map