Two-Building Quadplex
New
For Sale
$1,000,000
1497 Coutant Avenue, Lakewood, OH 44107
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.27 Acres
Days on Market4
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, Nelson Ct, and West 117th
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
9920
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: Sep 23
Last Checked: Sep 26 at 2:06AM
MLS# 5247588
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 at 1497 Coutant Avenue in Lakewood, Ohio, this property comprises two fully occupied quadplex buildings with eight residential units on a 0.2672-acre parcel. A separate 4-car garage includes unfinished space above, which may support creation of an additional 2-3 bedroom unit with the appropriate approvals.
The property was built in 1916 and is served by public water and public sewer. Heating is provided by forced air, and the buildings include basement space. The location offers access to shopping, dining, entertainment, schools, parks, and downtown Cleveland.
The property was built in 1916 and is served by public water and public sewer. Heating is provided by forced air, and the buildings include basement space. The location offers access to shopping, dining, entertainment, schools, parks, and downtown Cleveland.
Key Highlights
- Two fully occupied quadplex buildings with 8 residential units
- Separate 4‑car garage building with unfinished space above
- 0.2672‑acre parcel at 1497 Coutant Avenue, Lakewood, OH 44107
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two occupied residential buildings include a separate 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 fully occupied quadplex buildings with 8 residential units; Separate 4‑car garage building with unfinished space above; 0.2672‑acre parcel at 1497 Coutant Avenue, Lakewood, OH 44107
