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    1563 Wagar Ave Lakewood, OH 44107

    Pending
    For Sale
    $359,900

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,308 SF
    Lot size:
    0.06 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 1563 Wagar Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    313-23-123
    Parking features
    On Street
    Appliances
    Dryer, Range, Refrigerator, Washer
    Size
    2,308 SF
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    On Target Realty, Inc. (440) 356-2000 x401 [email protected]

    Listing agent Ericka S Bazzo (216) 799-6283 License #2011002765

    Listing date Nov 21, 2025

    MLS# 5169993 Listing URL

    Copyright © 2025 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.

    Overview

    Lakewood Duplex: Income Potential

    This side-by-side duplex in western Lakewood offers the privacy of two individual homes, each featuring a private basement and separate entrances. The property provides over 2,300 square feet of total living space. Each unit features a classic Lakewood layout with a large living room, formal dining room, and kitchen on the first floor, plus two bedrooms and a full bath upstairs. The property includes new windows installed in 2022 and a new roof planned for 2025. Each side has access to a large, fenced backyard. The south unit, leased through September 2026 at $1,630 per month, features modern updates including LVP flooring on the main level, an updated kitchen with granite countertops, and an updated full bath with walk-in tile shower. The north unit has been freshly painted throughout, with new carpet and new vinyl flooring in the kitchen and bath, all completed in 2025. The property offers strong income potential with classic Lakewood charm and location convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.812434
    Latitude
    41.480741

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    FAQs

    What type of property is this?
    Duplex - Spacious Lakewood duplex with updates and income potential.
    Where is this duplex located?
    The property is located at 1563 Wagar Ave Lakewood, OH.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Rare side-by-side duplex in Lakewood offering two separate homes with private basements and entrances.; - Significant recent updates: **new roof (2025) and new windows (2022).**; - **Turnkey investment opportunity** with one unit leased through September 2026 at $1,630/month, featuring modern updates (LVP flooring, granite countertops, updated bath).
    (216) 799-6283
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    1563 Wagar Ave Lakewood, OH 44107
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    Lakewood, OH 44107
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1563 Wagar Ave Lakewood, OH 44107
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