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1631 Waterbury Road

Lakewood, OH 44107
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Bed 7

Bed

Bath 2

Bath

SqFt3,347

Sqft

Acres0.16

Acre(Lot)

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 upda ted 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $440,000

AD Id : 86480684

MLS Id : 5222415

Beds : 7

Lot Size : 0.16 Acre

Living Area Size : 3,347

Year Built : 1919

Garage : 2

County : Cuyahoga

Subdivision: Highland Acre Homes

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Map

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Feature 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 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: $440000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 315-06-156 Tax Year: 2025 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
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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
1279 Idlewood Avenue, Lakewood, OH, 44107 $350,000 5 3 --
1604 Newman Avenue, Lakewood, OH, 44107 $275,000 6 2 2,240 2,240 SqFt
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 --
2075 Lewis Drive, Lakewood, OH, 44107 $374,900 4 2 --
2095 Wyandotte Avenue, Lakewood, OH, 44107 $349,000 4 2 2,341 2,341 SqFt
14306 Athens Avenue, Lakewood, OH, 44107 $339,900 4 2 2,030 2,030 SqFt

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 06/27/2026 @ 06:23

MLS: 5222415 LISTED BY: Michael Magno, Keller Williams Living 440-318-1620 SOURCE: MLS Now

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