UNDER CONTRACT
$20K PRICE DROP
1483 Olivewood Ave Lakewood, OH 44107
Estimated payment $2,655/month
Total Views
3,286
6
Beds
2
Baths
2,376
Sq Ft
$164
Price per Sq Ft
About This Home
Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income.
Key Features:
• Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers
• Newer roof for low maintenance costs
• Updated water tanks on both sides for reliable operation
• Previously generated $3,100/month in rental income when fully rented
• Potential for rent increases to enhance your return on investment
• Prime Lakewood location, close to shopping, dining, and transportation
• One side vacant for showing, One side Tennant occupied through August
This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.
Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: patelutp@yahoo.com, 216-780-7000 License #2006007445 Listed on: 04/07/2025
Co-Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: patelutp@yahoo.com, 216-780-7000 License #311752
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,374
Year Built
- Built in 1905
Lot Details
- 3,572 Sq Ft Lot
Parking
- Paved Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
- Stone Siding
Interior Spaces
- 2,376 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Lakewood Subdivision
Listing and Financial Details
- Assessor Parcel Number 314-07-126
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $389,900 | -4.9% | $164 / Sq Ft |
| 06/23/2025 06/23/25 | For Sale | $410,000 | 0.0% | $173 / Sq Ft |
| 04/12/2025 04/12/25 | Off Market | $410,000 | -- | -- |
| 04/07/2025 04/07/25 | For Sale | $410,000 | +72.6% | $173 / Sq Ft |
| 05/08/2019 05/08/19 | Sold | $237,500 | -1.0% | $100 / Sq Ft |
| 03/21/2019 03/21/19 | Pending | -- | -- | -- |
| 03/13/2019 03/13/19 | Price Changed | $239,900 | +0.4% | $101 / Sq Ft |
| 03/12/2019 03/12/19 | For Sale | $239,000 | +2.8% | $101 / Sq Ft |
| 11/06/2018 11/06/18 | Sold | $232,500 | -3.1% | $98 / Sq Ft |
| 10/02/2018 10/02/18 | Pending | -- | -- | -- |
| 09/29/2018 09/29/18 | For Sale | $239,900 | -- | $101 / Sq Ft |
Source: MLS Now
Similar Homes in Lakewood, OH
Source: MLS Now
MLS Number: 5110016
APN: 314-07-126
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