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1559 Hopkins Avenue

Lakewood, OH 44107

$319,900 $1,348/Mo

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Overview

Bed

Bath

2,884

Sqft

0.10

Acre(Lot)

Description

Magnificent Lakewood duplex! Attention investors & owner-occupants—this exceptional property offers the best of both worlds. Beautifully remodeled first-floor unit is vacant & ready for immediate occupancy or can be rented for top market value, while the occupied second-floor unit helps offset your mortgage w/immediate rental income. This is not your typical rental property—it has been lovingly maintained & meticulously updated over the years, with true pride of ownership evident throughout. Situated in one of Lakewood's most desirable neighborhoods, this solid investment features updated kitchens w/premium quartz & granite countertops, quality cabinetry, modern finishes. Both units offer bright, sun-filled open floor plans w/updated vinyl windows, modern/spacious living areas, & timeless appeal that attracts & retains quality tenants. First-floor unit features 2 bedrooms, while the second-floor unit offers 2 bedrooms plus a finished third-floor bedroom, studio, flex space. Upstairs unit is currently leased month-to-month at $1,700 per month to a quality tenant who would like to remain. Major mechanical updates provide peace of mind, including updated basement improvements (2009), furnaces approximately 4-6 years old, hot water tanks (2014 & 2015), updated electrical service (2008), and a new PVC sewer line from the house to the street (2020). Separate gas and electric meters keep operating costs efficient, plus the washer and dryer are included. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property is a rare opportunity in sought-after Lakewood. The vacant first-floor unit is available for showings. The occupied second-floor unit may be viewed upon acceptance of an offer.

Property Details

Property Type : Residential Income

Price : $319,900

AD Id : 87732375

MLS Id : 5224574

Beds : 5

Lot Size : 0.10 Acre

Living Area Size : 2,884 Sq. Ft

Tax Amount : $4,791

Year Built : 1903

County : Cuyahoga

Subdivision: Cedar Glen Ests

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 9 Has Basement: Yes Basement: Full, Unfinished
Roofing Information

Asphalt
Interior Features

Roof: Asphalt Appliances: Dryer, Range, Refrigerator, Washer Laundry Features: In Basement
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1903 Construction Materials: Aluminum Siding Stories: 3 Private Pool: No

Lot Information

Main Square Feet: 0.1 Acres Lot Size Acres: 0.1 Lot Size Source: Public Records

Property Information

Subdivision: Henry Beach Source Property Type: Residential Income Property SubType: Duplex Levels: Three Or More Property Age: 123

Listing Price Information

Listing Price: $319900

Tax Information

Parcel Number: 315-14-104 Tax Year: 2025 Annual Tax: $4791

Parking Information

Driveway, Gravel

Utility Information

Sewer Not Available
Location Information

Direction: off hopkins WaterSource: Public

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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	0.25 Acre
1497 Coutant Avenue, Lakewood, OH, 44107	$600,000	8	4	4,000	0.27 Acre
2054 Magee Street, Lakewood, OH, 44107	$329,900	4	2	1,930	0.11 Acre
1296 Fry Avenue, Lakewood, OH, 44107	$325,000	5	2	2,371	0.09 Acre
1457 Winchester Avenue, Lakewood, OH, 44107	$325,000	6	3	3,373	0.09 Acre
12905 Arliss Drive, Lakewood, OH, 44107	$335,000	4	2	2,612	0.12 Acre
1350 Thoreau Road, Lakewood, OH, 44107	$385,000	7	2	3,178	0.10 Acre
2021 Lewis Drive, Lakewood, OH, 44107	$339,900	4	2	2,556	0.11 Acre
2200-2202 Wyandotte Ave.., Lakewood, OH, 44107	$404,900	6	3	3,133	0.10 Acre
13519 Merl Avenue, Lakewood, OH, 44107	$340,000	4	2	2,082	0.13 Acre

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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 10/13/2026 @ 03:16

MLS: 5224574 LISTED BY: Christopher Frederick, Coldwell Banker Schmidt Realty 440-327-2123 SOURCE: MLS Now