Side-by-Side Duplex with
1415-1417 Lakewood Avenue Lakewood, OH 44107
New
1415-1417 Lakewood Avenue, Lakewood, OH, 44107
$350,000
For Sale
$350,000
Other - Lakewood, OH
Property Size2,272 SF
Lot Size0.12 Acres
Price / SF$154.05
Days on Market3
Property Features for 1415-1417 Lakewood Avenue
General Information
- Property type
- Other
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 315-10-049
- Size
- 2,272 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1911
- Floors in Building
- 2
- Roof type
- Asphalt, Fiberglass
- Architectural style
- Other
Listing Agency
Engel & Völkers Cleveland
(440) 568-0400
30659 Pinetree Road, Pepper Pike, OH
Listed by
Inna M Muravin
(440) 521-4555
Added: Jul 16 Checked: Jul 18 at 8:06 am
MLS# 5219040
Listing URL
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side Lakewood duplex includes two units, each offering 3 bedrooms, a living and dining room, and an updated kitchen with granite countertops and tile backsplash. Both units also feature a front and side porch, an updated full bath, and dedicated basement laundry plus attic storage and additional basement storage. One unit has 1.5 baths. A 2-car garage and an additional parking pad provide off-street parking, and the duplex includes kitchen appliances and washers/dryers.
The property is located in Lakewood, with nearby access to shopping, dining, and entertainment, as well as Edgewater Beach and schools. Downtown Cleveland is described as a short commute, with easy access to OH-2 and I-90.
Reported recent updates include a roof replacement (approx. 2024), a furnace for the north unit (2026), A/C and electrical panels for both units (approx. 2017–2018), and updated unit kitchens and bathrooms (approx. 2016). Kitchen appliances are included, noted as less than 10 years old.
The property is located in Lakewood, with nearby access to shopping, dining, and entertainment, as well as Edgewater Beach and schools. Downtown Cleveland is described as a short commute, with easy access to OH-2 and I-90.
Reported recent updates include a roof replacement (approx. 2024), a furnace for the north unit (2026), A/C and electrical panels for both units (approx. 2017–2018), and updated unit kitchens and bathrooms (approx. 2016). Kitchen appliances are included, noted as less than 10 years old.
Key Highlights
- Lakewood side‑by‑side duplex (2 units): one unit leased, the other available for owner‑occupant or investor
- Each unit offers 3 bedrooms, updated full bath, living and dining rooms, and updated kitchen with granite countertops and tile backsplash
- One unit includes 1.5 baths; both units have front and side porches
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.8k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.4k | $15.15 |
| − OpEx | −$10.3k | −$4.54 |
| NOI | $24.1k | $10.60 |
2,272 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.1K
$301.1K – $401.5K
NOI $24,090 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.3K
NOI $22,460 @ 7.0% cap · market cap 6.42%
Theoretical Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,430 @ 7.0% cap · market cap 36.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Side-by-side duplex offers two 3-bedroom units, each with porches, updated kitchens and baths, and dedicated laundry in the basement.
Where is this duplex located?
The property is located at 1415-1417 Lakewood Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Lakewood side‑by‑side duplex (2 units): one unit leased, the other available for owner‑occupant or investor; Each unit offers 3 bedrooms, updated full bath, living and dining rooms, and updated kitchen with granite countertops and tile backsplash; One unit includes 1.5 baths; both units have front and side porches
