Active

1631 Waterbury Road

Lakewood, OH 44107

$450,000 $1,897/Mo

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Overview

Bed

Bath

3,347

Sqft

0.16

Acre(Lot)

Description

Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3,300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1,400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2,100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility. Additional improvements include upd ated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most sought-after rental markets, residents enjoy easy access to Lakewood's vibrant restaurant scene, shopping, parks, nightlife, and convenient access to Downtown Cleveland. Opportunities to acquire a renovated, large-format duplex in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking to offset their mortgage with rental income. Absolutely no seller financing, no wholesale contracts, END BUYERS ONLY.

Property Details

Property Type : Residential Income

Price : $450,000

AD Id : 79660859

MLS Id : 5193425

Beds : 7

Lot Size : 0.16 Acre

Living Area Size : 3,347

Year Built : 1919

Garage : 2

County : Cuyahoga

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 14 Has Basement: Yes Basement: Full, Unfinished
Roofing Information

Asphalt, Fiberglass
Interior Features

Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork Roof: Asphalt, Fiberglass Appliances: Dishwasher, Microwave, Range, Refrigerator Laundry Features: Common Area, Lower Level
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

Building Information

Year Built: 1919 Construction Materials: Aluminum Siding Stories: 3 Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Main Square Feet: 0.155 Acres Lot Size Acres: 0.155 Lot Size Source: Assessor

Property Information

Subdivision: Waterbury Heights Source Property Type: Residential Income Property SubType: Duplex Direction Faces: West Levels: Three Or More Property Age: 107

Listing Price Information

Listing Price: $450000 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: 315-06-156 Tax Year: 2024 Annual Tax: $5927 Tax Legal Desc: 21 WATBHTS 0020 ALL

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: In between Madison & Franklin WaterSource: Public Security Features: Smoke Detector(s)

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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
1604 Newman Avenue, Lakewood, OH, 44107	$275,000	6	2	2,240	2,240 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	--
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
14916 Clifton Boulevard, Lakewood, OH, 44107	$477,500	6	4	6,020	6,020 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 06/22/2026 @ 01:56

MLS: 5193425 LISTED BY: Michael Magno, Keller Williams Living 440-318-1620 SOURCE: MLS Now