1497 Coutant Avenue, Lakewood, OH 44107

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Central
1497 Coutant Avenue,Lakewood, OH 44107
$600,000
Virtual Tour
  • 8 Beds
  • 4 Baths
  • 4,000 sq. ft.
  • Multi-family
  • Active
Listed by: armani adames
Office: re/max above & beyond
MLS#:5247584
Source:OH_NORMLS

Price summary

  • Price:$600,000
  • Price per sq. ft.:$150

About this home

Attention investors! Don't miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one. Whether you're looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio's strongest rental markets, this property checks all the boxes. With all units occupied, you'll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor's portfolio. *Must be sold with 11713 Nelson Ct, as these two parcels have been...

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Home facts

  • Year built:1916
  • Subdivision & Development:Hiram M & C B Townsends Allot
  • Listing ID #:5247584
  • Added:43 day(s) ago
  • Updated:November 06, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:4,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Flat
  • Year built:1916
  • Building area:4,000 sq. ft.
  • Lot area:0.27 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$600,000
  • Price per sq. ft.:$150
  • Tax amount:$9,920 (2025)

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:4
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