For more information regarding the value of a property, please contact us for a free consultation.
1604 Newman AVE Lakewood, OH 44107
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $107
Subdivision Land & Home Companys 01
MLS Listing ID 5203363
Sold Date 07/23/26
Bedrooms 6
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,240
Year Built 1898
Annual Tax Amount $7,161
Tax Year 2025
Lot Size 7,161 Sqft
Acres 0.1644
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
Investment opportunity in the heart of Lakewood's Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether you are looking to add to your portfolio or secure a value-add property with long-term potential, this duplex is one worth a closer look.
Here's a slightly more investor-focused version too:
Turnkey cash-flow opportunity in Lakewood's desirable Birdtown neighborhood. This fully occupied duplex features two 3-bedroom, 1-bath units, each currently rented for $1,400 per month, producing $33,600 in annual gross income. With strong rental demand and a sought-after location, this property offers investors immediate cash flow with additional upside through future improvements. The left unit has already been updated with new windows, a full kitchen remodel, a full bathroom remodel, all new flooring, fresh paint, and new drywall on the first floor. A solid addition to any investment portfolio, this property combines current income with value-add potential in one of Lakewood's most popular rental areas.
Location
State OH
County Cuyahoga
Direction East
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway, No Garage, Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Faces East
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 315-15-056
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
Read Less

Bought with Kit Custer • RE/MAX Transitions
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION




