1631 Waterbury Road
Lakewood, OH 44107
$440,000
Beds:
7
Baths:
2
Number of Units:
Type:
Multi-Unit Residential
Listing #5222415
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. New Roof too! 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.
Property Features
County:
Cuyahoga
Latitude:
41.478421
Longitude:
-81.78258
Subdivision:
Waterbury Heights
Directions:
In between Madison & Franklin
Interior:
Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork
Full Baths:
2
Heating:
Forced Air
Cooling:
Central Air
Laundry:
Common Area, Lower Level
Basement Description:
Full, Unfinished
Has Basement:
Yes
Stories:
3
Construction/Exterior:
Aluminum Siding
Exterior:
Balcony
Possession:
Delivery Of Deed
Water / Sewer:
Public Sewer
Water:
Public
Parking Description:
Detached, Garage
Has Garage:
Yes
Garage Spaces:
2
Patio / Deck Description:
Balcony
Lot Size in Acres:
0.155
Buildings:
1
Has Waterfront:
No
Roof/Attic:
Asphalt, Fiberglass
Property Type:
RI
Property SubType:
Duplex
Property SubType 2:
Residential Income
Year Built:
1919
Status:
Active
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
Listing courtesy of Keller Williams Living 440-318-1620
© 2026 MLS Now (formerly Yes MLS, NEOHREX, and NORMLS). All rights reserved.
The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than eXp 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.
MLS Now (Yes MLS) data last updated at July 6, 2026, 8:04 AM ET
Real Estate IDX
Powered by iHomefinder