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1604 Newman Avenue

Lakewood, OH 44107

$275,000 $1,159/Mo

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Overview

Bed

Bath

2,240

Sqft

0.16

Acre(Lot)

Description

Investment opportunity in the heart of Lakewood’s Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether you are looking to add to your portfolio or secure a value-add property with long-term potential, this duplex is one worth a closer look. Here’s a slig htly more investor-focused version too: Turnkey cash-flow opportunity in Lakewood’s desirable Birdtown neighborhood. This fully occupied duplex features two 3-bedroom, 1-bath units, each currently rented for $1,400 per month, producing $33,600 in annual gross income. With strong rental demand and a sought-after location, this property offers investors immediate cash flow with additional upside through future improvements. The left unit has already been updated with new windows, a full kitchen remodel, a full bathroom remodel, all new flooring, fresh paint, and new drywall on the first floor. A solid addition to any investment portfolio, this property combines current income with value-add potential in one of Lakewood’s most popular rental areas.

Property Details

Property Type : Residential Income

Price : $275,000

AD Id : 77680353

MLS Id : 5203363

Beds : 6

Lot Size : 0.16 Acre

Living Area Size : 2,240

Year Built : 1898

County : Cuyahoga

Subdivision: Rhawnhurst

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Basement: Crawl Space
Roofing Information

Asphalt, Fiberglass
Interior Features

Roof: Asphalt, Fiberglass
Heating & Cooling

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

Building Information

Year Built: 1898 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.1644 Acres Lot Size Acres: 0.1644 Lot Size Source: Public Records

Property Information

Subdivision: Land & Home Companys 01 Source Property Type: Residential Income Property SubType: Duplex Direction Faces: East Levels: Two Property Age: 128

Listing Price Information

Listing Price: $275000 Cash, Conventional

Tax Information

Parcel Number: 315-15-056 Tax Year: 2025 Annual Tax: $7161 Tax Legal Desc: 21 NEWMAN 0065 ALL

Parking Information

Driveway, No Garage, Unpaved

Location Information

Direction: North of Madison Ave., south of Franklin Blvd. west of West 117th Street, east of Ridgewood Ave. This property is located in the eastern area of Lakewood. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
11801 Franklin Boulevard, Lakewood, OH, 44107	$377,000	5	2	2,086	2,086 SqFt
1470-72 Ridgewood Avenue, Lakewood, OH, 44107	$449,000	8	4	4,800	4,800 SqFt
2016 Halstead Avenue, Lakewood, OH, 44107	$389,000	4	2	--
1631 Waterbury Road, Lakewood, OH, 44107	$450,000	7	2	3,347	3,347 SqFt
2075 Lewis Drive, Lakewood, OH, 44107	$374,900	4	2	--
14306 Athens Avenue, Lakewood, OH, 44107	$339,900	4	2	2,030	2,030 SqFt
14724 Clifton Boulevard, Lakewood, OH, 44107	$484,900	5	3	3,720	3,720 SqFt
1296 Cook Avenue, Lakewood, OH, 44107	$489,000	5	3	2,050	2,050 SqFt
1200 Cook Avenue, Lakewood, OH, 44107	$359,000	4	2	2,445	2,445 SqFt
1447 Rosewood Avenue, Lakewood, OH, 44107	$400,000	5	3	2,834	2,834 SqFt

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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 06/21/2026 @ 18:09

MLS: 5203363 LISTED BY: Sylvia Incorvaia, EXP Realty, LLC. 866-212-4991 SOURCE: MLS Now