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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 more than 3,300 square feet of living space, substantial rental potential, and the added flexibility of being delivered vacant at closing. Renovated in 2022, the property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, updated flooring, and numerous interior improvements. The first-floor unit offers 3 bedrooms, while the expansive upper unit spans the second and third floors and provides 4 to 5 bedrooms. Projected market rents are approximately $1,600 to $1,800 per month for the first-floor unit and $1,800 to $2,200 per month for the upper unit, creating strong income potential for an investor or an excellent opportunity for an owner-occupant looking to offset their monthly housing costs. Additional improvements include updated HVAC systems installed in 2018 and 2019, along with a new roof in 2025. The property is also Point of Sale compliant, allowing the next owner to focus on leasing and operations rather than immediate municipal requirements or major deferred maintenance. Located in one of Northeast Ohio’s most desirable rental markets, the property offers convenient access to Lakewood’s restaurants, shopping, parks, nightlife, and Downtown Cleveland. Large, renovated duplexes in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking for space, flexibility, and income potential. No seller financing. No wholesale contracts or assignments. End buyers only.

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Detail Ic Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 88389641

MLS Id : 5230414

Beds : 7

Lot Size : 0.16 Acre

Living Area Size : 3,347

Year Built : 1919

Garage : 2

County : Cuyahoga

Subdivision: Jefferson Park

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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: $425000 Cash, Conventional

  • 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
11713 Nelson Court, Lakewood, OH, 44107 $400,000 4 4 3,888 3,888 SqFt
1497 Coutant Avenue, Lakewood, OH, 44107 $600,000 8 4 4,000 4,000 SqFt
1279 Idlewood Avenue, Lakewood, OH, 44107 $340,000 5 3 --
1559 Hopkins Avenue, Lakewood, OH, 44107 $319,900 5 2 2,884 2,884 SqFt
1479 Hopkins Avenue, Lakewood, OH, 44107 $374,000 5 2 2,450 2,450 SqFt
2054 Magee Street, Lakewood, OH, 44107 $379,900 4 2 1,930 1,930 SqFt
1457 Winchester Avenue, Lakewood, OH, 44107 $325,000 6 3 3,373 3,373 SqFt
1323 Beach Avenue, Lakewood, OH, 44107 $625,000 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 $384,000 4 2 --

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 08/15/2026 @ 00:25

MLS: 5230414 LISTED BY: Michael Magno, Keller Williams Living 440-318-1620 SOURCE: MLS Now

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