1542 Westwood AVE Active Save Request In-Person Tour Request Virtual Tour
Lakewood,OH 44107
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $212
Subdivision Henry Grombacher
MLS Listing ID 5115368
Bedrooms 5
Full Baths 3
Year Built 1916
Annual Tax Amount $5,308
Tax Year 2024
Lot Size 4,438 Sqft
Property Sub-Type Duplex
Property Description
Investor or owner-occupant opportunity! This incredible, oversized duplex in the heart of Lakewood offers flexibility and strong returns, just steps from the city's best bars, restaurants, and entertainment. The first-floor unit is a well-maintained 2 bed, 1 bath currently rented at $1,385/month, with the ability to increase to $1,500–$1,600 at lease renewal on 7/31/25. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths—rented for $1,765/month through 6/30/25. Ideal for house hacking or maximizing rental income, this property features a brand-new roof (October 2024), a fully renovated upstairs unit including a new kitchen, two bathrooms, and third bedroom, plus updated appliances in both units and new basement laundry for tenants. Whether you're seeking a high-performing investment or a chance to live in one unit while renting the other, this Lakewood gem delivers on all fronts. *Note: Owner states that there are 5 bedrooms and 3 bathrooms and the county auditor website states that there are 4 bedrooms and 2 bathrooms.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Detached,Garage,Paved
Garage Spaces 2.0
Garage Description 2.0
Roof Type Asphalt,Fiberglass,Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Lakewood Csd (Cuyahoga)- 1817
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard