1631 Waterbury Road, Lakewood, OH 44107

Lakewood
Local realty services provided by:Better Homes and Gardens Real Estate Central
1631 Waterbury Road,Lakewood, OH 44107
$440,000
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  • 7 Beds
  • 2 Baths
  • 3,347 sq. ft.
  • Multi-family
  • Active
Listed by: michael l magno
Office: keller williams living
MLS#:5222415
Source:OH_NORMLS

Price summary

  • Price:$440,000
  • Price per sq. ft.:$131.46

About this home

Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3,300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1,400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2,100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility. Additional improvements include updated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most...

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Home facts

  • Year built:1919
  • Listing ID #:5222415
  • Added:2 day(s) ago
  • Updated:June 28, 2026 at 07:32 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:14
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:3,347 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1919
  • Building area:3,347 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Aluminium Siding
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$440,000
  • Price per sq. ft.:$131.46
  • Tax amount:$5,927 (2025)

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:2
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