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    1576 Wyandotte Ave Lakewood, OH 44107

    Pending
    For Sale
    $375,000

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,548 SF
    Lot size:
    0.11 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 1576 Wyandotte Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Laundry Room, Bedroom 3, Basement, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    3
    APN
    315-02-066
    Parking features
    Driveway, Garage
    Appliances
    Dryer, Dishwasher, Microwave, Range, Refrigerator
    Size
    2,548 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1903
    Floors in Building
    3
    Building materials
    WoodSiding
    Roof type
    Slate

    Keller Williams Citywide (440) 892-2211 [email protected]

    Listing agent Ed Huck (440) 617-2500 License #390263

    Listing date Nov 20, 2025

    MLS# 5157315 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 Triplex with Income Potential

    Located in a desirable Lakewood neighborhood, this well-maintained triplex at 1576 Wyandotte Ave offers a versatile opportunity for investors or potential owner-occupants. The property is currently utilized as both a short-term and long-term rental. The first and second floors are actively used as Airbnb rentals, while the third floor is leased to a long-term tenant paying $1,050 per month, with the tenant responsible for all utilities except water and sewer. In 2024, the net operating income was $41,280.84. The spacious first-floor unit boasts nearly 1,100 square feet of living space, featuring two comfortable bedrooms and one full bathroom. This level blends modern updates with classic Lakewood character. The second-floor unit includes a recently installed furnace (early 2025) and central air conditioning added in June 2022. The cozy third-floor unit is approximately 400 square feet and features one bedroom and one full bath. Each unit reflects a tasteful mix of updated amenities and the timeless appeal that defines Lakewood living. Outside, a small side yard offers a peaceful spot to relax, and a two-car detached garage adds convenience. The location is superb - just minutes from I-90, with easy access to local restaurants, grocery stores, parks, and only a short drive to beautiful Lake Erie. The property size is 2,548 square feet and the lot size is 0.1085 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -81.787807
    Latitude
    41.480416

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    FAQs

    What type of property is this?
    Triplex - Charming triplex in Lakewood, ideal for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 1576 Wyandotte Ave Lakewood, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High Net Operating Income: $41,280.84 in 2024, demonstrating strong income potential.; - Versatile Rental Property: Used as a mix of short-term (Airbnb) and long-term rentals, offering flexibility.; - Desirable Lakewood Location: Easy access to I-90, restaurants, grocery stores, parks, and Lake Erie.
    (440) 617-2500
    Request Owner's contact information
    1576 Wyandotte 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
    1576 Wyandotte Ave Lakewood, OH 44107
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