$400,000
SOLD JUN 10, 2025

1574 Ridgewood Ave Lakewood, OH 44107

6 Beds
4 Baths
2,492 Sq Ft
5,741 Sq Ft Lot

Recently Sold

$161 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • 2 Car Detached Garage
  • Double Pane Windows
  • Forced Air Heating System
  • Harrison Elementary School Rated A-
  • Window Unit Cooling System
  • East Facing Home

About This Home

As of June 2025

RARE LAKEWOOD INVESTMENT OPPORTUNITY: Prime Location, Great Shape! This type of investment property in Lakewood is almost never available! Located on a fantastic street in the heart of Lakewood, this WELL-MAINTAINED 4 SUITE building features two 2-bedroom, 1-bath units and two studio/1-bedroom, 1-bath units, all with UPDATED KITCHENS AND BATHS. The LARGE WALK UP ATTIC offers potential for an additional unit. You'll appreciate the 2-CAR GARAGE + 2 EXTRA PARKING SPACES, HARDWOOD FLOORS throughout, newer VINYL WINDOWS (approx. 12 years), and a roof around 10 years old. A COIN-OPERATED WASHER DRYER in the basement adds to the income stream. Enjoy unparalleled convenience with minutes to downtown, the airport, shopping, and WALKABLE ACCESS TO BIRDTOWN'S NIGHTLIFE. The VACANT SMALLER SUITE is perfect for an owner occupant. Don't miss this unique opportunity – schedule your showing now!

Last Agent to Sell the Property

Donald Petrasek

Howard Hanna Brokerage Email: donpetrasek@howardhanna.com 216-978-5349 License #2018004375 Listed on: 05/12/2025

Howard Hanna

Last Buyer's Agent

Rob Rogers

Howard Hanna License #2015005456

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,261

Year Built

  • Built in 1910

Lot Details

  • 5,741 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • Citizens R/E Companys 02 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 315-12-081

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,261

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1910
  • Attribution Contact: donpetrasek@howardhanna.com 216-978-5349
  • Subdivision Name: Citizens R/E Companys 02
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • ResoWindowFeatures: Double Pane Windows
  • Tax Year: 2024
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1318
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: East

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Detached, Garage, Off Street

Utilities

  • LaundryFeatures: Common Area, In Basement
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lakewood CSD (Cuyahoga)- 1817

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 315-12-081

Tax Info

  • Tax Annual Amount: 7261.0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Sold $400,000 +2.6% $161 / Sq Ft
05/17/2025 05/17/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $389,900 -- $156 / Sq Ft
Source: MLS Now (Howard Hanna)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5121839

MLS Now (Howard Hanna)