1479 Hopkins Avenue Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
Property Features for 1479 Hopkins Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 5
- Parking features
- Garage
- Interior features
- CeilingFans, GraniteCounters
- Exterior features
- Balcony
- Appliances
- Dryer, Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 315-13-031
- Size
- 2,450 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 21 HENRY 0078 ALL
- Tax Annual Amount
- 7028
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Bill Calabrase License #2016003197 (440) 823-8657
Listing office Keller Williams Citywide 2001 Crocker Road, Suite 200, Westlake, OH (440) 892-2211
Listing date Jun 19, 2026
Copyright © 2026 MLS Now. 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.
Located in Lakewood, Ohio, the home is described as being close to Detroit Ave with many conveniences nearby. Access is via the driveway and on-site parking is provided by the 2-car garage.
This property is a practical fit for buyers seeking an owner-occupied or investor purchase with both units already rented. The combination of updated interiors, central A/C, and maintained mechanicals supports straightforward day-to-day operation for a new owner.
Key Highlights
- 5‑bedroom multi‑family with both units currently rented
- Updated kitchens and baths in both units, featuring granite or quartz counters, soft‑close cabinets, and SS appliances
- Upper unit includes an additional large third‑floor bedroom
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 | $39.7k | $16.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $37.1k | $15.15 |
| − OpEx | −$11.1k | −$4.54 |
| NOI | $26.0k | $10.60 |
