1559 Hopkins Avenue, Lakewood, OH 44107
Local realty services provided by:Better Homes and Gardens Real Estate Central
1559 Hopkins Avenue,Lakewood, OH 44107
$319,900
- 5 Beds
- 2 Baths
- 2,884 sq. ft.
- Multi-family
- Active
Listed by: christopher a frederick, michele l frederick
Office: coldwell banker schmidt realty
MLS#:5224574
Source:OH_NORMLS
Price summary
- Price:$319,900
- Price per sq. ft.:$110.92
About this home
Magnificent Lakewood duplex! Attention investors & owner-occupants—this exceptional property offers the best of both worlds. Beautifully remodeled first-floor unit is vacant & ready for immediate occupancy or can be rented for top market value, while the occupied second-floor unit helps offset your mortgage w/immediate rental income. This is not your typical rental property—it has been lovingly maintained & meticulously updated over the years, with true pride of ownership evident throughout. Situated in one of Lakewood's most desirable neighborhoods, this solid investment features updated kitchens w/premium quartz & granite countertops, quality cabinetry, modern finishes. Both units offer bright, sun-filled open floor plans w/updated vinyl windows, modern/spacious living areas, & timeless appeal that attracts & retains quality tenants. First-floor unit features 2 bedrooms, while the second-floor unit offers 2 bedrooms plus a finished third-floor bedroom, studio, flex space. Upstairs unit is currently leased month-to-month at $1,700 per month to a quality tenant who would like to remain. Major mechanical updates provide peace of mind, including updated basement improvements (2009), furnaces approximately 4-6 years old, hot water tanks (2014 & 2015), updated electrical service (2008), and a new PVC sewer line from the house to the street (2020). Separate gas and electric meters keep operating costs efficient, plus the washer and dryer are included. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property is a rare opportunity in sought-after Lakewood. The vacant first-floor unit is available for showings. The occupied second-floor unit may be viewed upon acceptance of an offer....
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Home facts
- Year built:1903
- Listing ID #:5224574
- Added:2 day(s) ago
- Updated:July 09, 2026 at 10:56 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:9
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:2,884 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt
- Year built:1903
- Building area:2,884 sq. ft.
- Lot area:0.1 Acres
- Construction Materials:Aluminium Siding
- Levels:3 Stories
Utilities
- Water:Public
Finances and disclosures
- Price:$319,900
- Price per sq. ft.:$110.92
- Tax amount:$4,791 (2025)
Features and amenities
- Appliances:Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Driveway
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