Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork

  • Total Bedrooms

    7

  • Bathrooms

    2

  • Above Grade Finished Area

    3347.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Aluminum Siding

  • Other Exterior Features

    Balcony

  • Parking

    Detached, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.155

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $450,000

  • Tax Amount

    $5,927

  • Sq. Footage

    3, 347

  • Price/SqFt

    $134

HOA

  • Association

    No

School District

  • Elementary School

    Lakewood CSD (Cuyahoga)- 1817

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Lakewood CSD (Cuyahoga)- 1817

Middle School

High School

Listing Courtesy of Michael L Magno , Keller Williams Living

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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 updated 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.

1631 Waterbury Road

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