1497 Coutant Avenue
Lakewood, OH 44107
8
Bed
4
Bath
4,000Sqft
0.27Acre(Lot)
Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one. Whether you’re looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio’s strongest rental markets, this property checks all the boxes. With all units occupied, you’ll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near sh
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Has Basement: Yes Basement: Full, Unfinished -
Roofing Information
Flat -
Interior Features
Roof: Flat -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1916 Construction Materials: Brick Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.2672 Acres Lot Size Acres: 0.2672 Lot Size Source: Public RecordsProperty Information
Subdivision: Hiram M & C B Townsends Allot Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 110
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Listing Price Information
Listing Price: $600000 Cash, Conventional
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Tax Information
Parcel Number: 315-14-040 Tax Year: 2025 Annual Tax: $9937 Tax Legal Desc: 21 IRVINE TOWNSEND S/L 16 SWP & 16 SEC& 17 ALL BUT NWC 18 ALL0017 WP
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Parking Information
GarageGarage Information
Has Garage: Yes Garage Space: 4
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Location Information
Direction: Between Detroit Ave and Franklin Blvd WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 11713 Nelson Court, Lakewood, OH, 44107 | $400,000 | 4 | 4 | 3,888 | 3,888 SqFt |
| 1279 Idlewood Avenue, Lakewood, OH, 44107 | $345,000 | 5 | 3 | -- | |
| 1479 Hopkins Avenue, Lakewood, OH, 44107 | $374,000 | 5 | 2 | 2,450 | 2,450 SqFt |
| 1323 Beach Avenue, Lakewood, OH, 44107 | $635,000 | 8 | 4 | 4,235 | 4,235 SqFt |
| 1415-1417 Lakewood Avenue, Lakewood, OH, 44107 | $350,000 | 6 | 3 | 2,272 | 2,272 SqFt |
| 2016 Halstead Avenue, Lakewood, OH, 44107 | $389,000 | 4 | 2 | -- | |
| 1561 Cohassett Avenue, Lakewood, OH, 44107 | $397,000 | 4 | 2 | 2,184 | 2,184 SqFt |
| 1631 Waterbury Road, Lakewood, OH, 44107 | $440,000 | 7 | 2 | 3,347 | 3,347 SqFt |
| 2219 Chesterland Avenue, Lakewood, OH, 44107 | $289,900 | 5 | 3 | 2,648 | 2,648 SqFt |
| 2200-2202 Wyandotte Ave.., Lakewood, OH, 44107 | $419,900 | 6 | 3 | 3,133 | 3,133 SqFt |
Similar Multifamily To 1497 Coutant Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 07/19/2026 @ 15:54
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