NOT LISTED FOR SALE

1656 Victoria Ave Lakewood, OH 44107

4 Beds
2 Baths
2,028 Sq Ft
5,001 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $353,000 $174 Per Sq Ft

5 Days on Market

Highlights

  • 2 Car Garage
  • Grant Elementary School Rated A
  • Heating System Uses Gas

About This Home

As of June 2024

Introducing a fantastic investment opportunity in the heart of Lakewood, Ohio! This fully rented duplex is a rare gem, generating $2800 monthly with both units currently rented at $1400 each. The upper unit boasts potential for significant value addition, featuring a third floor that can be transformed into one or even two extra bedrooms, maximizing rental income. Both units are beautifully updated, offering modern comforts while retaining classic charm. Hardwood floors flow throughout, and the second unit benefits from a newly renovated bathroom. Each unit enjoys a spacious front porch, with the second unit's porch enclosed, making it a cozy retreat during the winter months. Situated in an ideal spot in Lakewood, this property is within walking distance to a variety of restaurants, trendy coffee shops, and other local amenities, providing a vibrant and convenient lifestyle for tenants. The neighborhood is highly walkable, enhancing its appeal for renters. Proximity to major highways ensures easy commutes, while the nearby Lake Erie/Edgewater area and downtown Cleveland offer abundant recreational and entertainment options. This property has been meticulously maintained by a conscientious owner, evident in every detail. With nothing else like it on the market, this duplex represents a fantastic deal that won't last long. Don't miss out on this exceptional investment opportunity in a sought-after location!

Last Agent to Sell the Property

Paul All

McDowell Homes Real Estate Services Brokerage Email: paulall@mcdhomes.com 216-299-3870 License #2018006054 Listed on: 05/23/2024

McDowell Homes Real Estate Services

Co-Listed By

Amanda Kritzer

McDowell Homes Real Estate Services Brokerage Email: paulall@mcdhomes.com 216-299-3870 License #2017003864

Last Buyer's Agent

Nick Rokakis

Skymount Realty, LLC License #2018001261

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,453

Year Built

  • Built in 1924

Lot Details

  • 5,001

Parking

  • 2 Car Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • 5,001 Sq Ft Lot

Community Details

  • Madison Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 314-03-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,453

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1924
  • Attribution Contact: paulall@mcdhomes.com 216-299-3870
  • Co List Office Phone: 440-205-2000
  • Subdivision Name: Madison Heights
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1148
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 314-03-014
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4453.46

Range of Values:

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
06/21/2024 06/21/24 Sold $353,000 +17.7% $174 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $299,900 +78.5% $148 / Sq Ft
09/26/2018 09/26/18 Sold $168,000 -3.9% $55 / Sq Ft View Prior Sale
08/14/2018 08/14/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $174,900 -- $58 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul All

    Seller's Agent in 2024

    Paul All

    McDowell Homes Real Estate Services

    (216) 299-3870

    3 in this area

    59 Total Sales

    Paul All
    Section Image
  • Amanda Kritzer

    Seller Co-Listing Agent in 2024

    Amanda Kritzer

    McDowell Homes Real Estate Services

    (216) 349-0535

    6 in this area

    87 Total Sales

    Amanda Kritzer
    Section Image

  • N

    Buyer's Agent in 2024

    Nick Rokakis

    Skymount Realty, LLC

    (440) 539-1766

    6 in this area

    72 Total Sales

    Nick Rokakis
    Section Image
  • Christopher Lamb

    Seller's Agent in 2018

    Christopher Lamb

    Woodridge Real Estate Group, LLC

    (440) 773-8039

    3 Total Sales

    Christopher Lamb
    Section Image
  • John DeSantis

    Buyer's Agent in 2018

    John DeSantis

    Howard Hanna

    (440) 974-7283

    173 Total Sales

    John DeSantis
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5040817

MLS Now

APN: 314-03-014

Ohio Cuyahoga County Lakewood 44107

1656 Victoria Ave, Lakewood, OH

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