Two-Building Quadplex
1497 Coutant Avenue, Lakewood, OH 44107
For Sale
$1,000,000
CommercialSale, Lakewood, OH
Property SizeContact for details
Lot Size0.27 Acres
Days on Market49
Property Features for 1497 Coutant Avenue
General Information
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Listing Agency:
RE/MAX Above & Beyond · RE/MAX International
(440) 546-1313
Listed By:
Armani Adames · License OH #2020004334
(216) 370-8550
Added: Sep 23
Changed: Oct 16
Last Checked: Nov 10 at 8:06PM
MLS# 5247588
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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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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
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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
$241,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Cuyahoga County, OH
Properties on Market for Quadplexes in Cuyahoga County
Vacancy Rate% for Multifamily in Midwest region
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
