1631 Waterbury RD, Lakewood, OH 44107
1631 Waterbury RD, Lakewood, OH 44107
1631 Waterbury RD, Lakewood, OH 44107
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$425,000
Est. payment /mo
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7 Beds
2 Baths
3,347 SqFt
New

1631 Waterbury RD Lakewood, OH 44107

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Shawn Maynard

Shawn Maynard

+1(304) 218-0936

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,347 sqft

Price per Sqft $126

Subdivision Waterbury Heights

MLS Listing ID 5230414

Bedrooms 7

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 3,347

Year Built 1919

Annual Tax Amount $5,927

Tax Year 2025

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Duplex

Stories Three Or More

Story Three Or More

Property Description

Rare opportunity to acquire a fully renovated Lakewood duplex offering more than 3,300 square feet of living space, substantial rental potential, and the added flexibility of being delivered vacant at closing. Renovated in 2022, the property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, updated flooring, and numerous interior improvements. The first-floor unit offers 3 bedrooms, while the expansive upper unit spans the second and third floors and provides 4 to 5 bedrooms. Projected market rents are approximately $1,600 to $1,800 per month for the first-floor unit and $1,800 to $2,200 per month for the upper unit, creating strong income potential for an investor or an excellent opportunity for an owner-occupant looking to offset their monthly housing costs. Additional improvements include updated HVAC systems installed in 2018 and 2019, along with a new roof in 2025. The property is also Point of Sale compliant, allowing the next owner to focus on leasing and operations rather than immediate municipal requirements or major deferred maintenance. Located in one of Northeast Ohio's most desirable rental markets, the property offers convenient access to Lakewood's restaurants, shopping, parks, nightlife, and Downtown Cleveland. Large, renovated duplexes in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking for space, flexibility, and income potential. No seller financing. No wholesale contracts or assignments. End buyers only.

Location

State OH

County Cuyahoga

Direction West

Rooms

Basement Full, Unfinished

Interior

Interior Features Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry Common Area, Lower Level

Exterior

Exterior Feature Balcony

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Faces West

Story 3

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 315-06-156

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Michael L Magno • Keller Williams Living • 330-990-3744, michael@themagnogroup.com

NEARBY SCHOOL & BUSINESS

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Shawn Maynard

Shawn Maynard

Agent | OH & WV | License ID: 64_87

+1(304) 218-0936

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1631 Waterbury RD