1557 Newman AVE Active Save Request In-Person Tour Request Virtual Tour
Lakewood,OH 44107
Key Details
Property Type Single Family Home
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $181
Subdivision Newman
MLS Listing ID 5113652
Bedrooms 5
Full Baths 2
Half Baths 1
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 1,980
Total Fin. Sqft 1980
Year Built 1908
Annual Tax Amount $4,516
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Duplex
Property Description
Discover this meticulously renovated Lakewood duplex at 1557 Newman Ave! Fully updated since 2023 and POS compliant, this property is truly turn-key, minimizing immediate expenses and positioning it for an attractive capitalization rate for savvy investors. Also ideal for owner-occupants, it offers 5 bedrooms and 3 full baths total: a 2-bed/1-bath lower unit and a spacious 3-bed/2-bath upper unit spanning the 2nd and 3rd floors. The upper unit boasts an updated kitchen and a fantastic, brand-new 3rd-floor bathroom complete with new stairs. Enjoy extensive recent updates including new flooring throughout both units, all new 2024 appliances, fresh exterior paint, a new front porch, a new upper unit balcony, new gutters, replaced entry doors, and a majority of windows replaced. Located in a prime, walkable Lakewood neighborhood known for strong rental demand, close to parks, dining, and RTA access. Don't miss this outstanding, hassle-free opportunity offering significant income potential – schedule your showing today!
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Dryer,Microwave,Range,Refrigerator,Washer
Exterior
Parking Features On Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Tax ID 315-14-068
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Standard