Two-Building Quadplex
For Sale
$1,000,000
1497 Coutant Avenue, Lakewood, OH 44107
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.27 Acres
Days on Market37
Property Features for 1497 Coutant Avenue
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Multi-Family
Rooms
Basement
Subdivision
Hiram M & C B Townsends Allot
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
Between Coutant Ave and W 117th St
Standard status
Active
APN
315-14-040
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 IRVINE TOWNSEND S/L 16 SWP & 16 SEC& 17 ALL BUT NWC 18 ALL0017 WP
Tax Annual Amount
9937
Legal Description
21 IRVINE TOWNSEND S/L 16 SWP & 16 SEC& 17 ALL BUT NWC 18 ALL0017 WP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1916
Number of units
9
Listing Agency:
RE/MAX Above & Beyond · RE/MAX International
(440) 546-1313
Listed By:
Armani Adames · License #2020004334
(216) 370-8550
Added: Jul 17
Changed: Aug 19
Last Checked: Aug 22 at 2:06PM
MLS# 5226008
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.
This multifamily property comprises two quadplex buildings on a 0.2672-acre parcel, with eight residential units in total. A separate 4-car garage building includes unfinished space above it. Subject to appropriate approvals, that area may accommodate an additional 2-3 bedroom unit. The property was built in 1916, includes a basement, and is served by forced-air heating, public water, and public sewer.
The property is located at 1497 Coutant Avenue in Lakewood, Ohio, within Cuyahoga County. The surrounding area provides access to shopping, dining, entertainment, schools, parks, and downtown Cleveland. Both residential buildings are currently fully occupied.
The property is located at 1497 Coutant Avenue in Lakewood, Ohio, within Cuyahoga County. The surrounding area provides access to shopping, dining, entertainment, schools, parks, and downtown Cleveland. Both residential buildings are currently fully occupied.
Key Highlights
- Two quadplex buildings provide 8 residential units on one parcel
- Separate 4‑car garage building with unfinished space above
- Potential for an additional 2‑3 bedroom unit, subject to approvals
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Eight occupied residential units accompany a detached garage with unfinished space above.
Where is this quadplex located?
The property is located at 1497 Coutant Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two quadplex buildings provide 8 residential units on one parcel; Separate 4‑car garage building with unfinished space above; Potential for an additional 2‑3 bedroom unit, subject to approvals
