1483-1485 Olivewood Avenue, Lakewood, OH 44107
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:uday t patel
Office:keller williams greater metropolitan
MLS#:5110016
Source:OH_NORMLS
Price summary
- Price:$389,900
- Price per sq. ft.:$164.1
About this home
Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income.
Key Features:
• Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers
• Newer roof for low maintenance costs
• Updated water tanks on both sides for reliable operation
• Previously generated $3,100/month in rental income when fully rented
• Potential for rent increases to enhance your return on investment
• Prime Lakewood location, close to shopping, dining, and transportation
• One side vacant for showing, One side Tennant occupied through August
This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.
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Home facts
- Year built:1905
- Listing Id #:5110016
- Added:129 day(s) ago
- Updated:August 16, 2025 at 07:12 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,376 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass, Flat
- Year built:1905
- Building area:2,376 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$389,900
- Price per sq. ft.:$164.1
- Tax amount:$6,374 (2024)
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