$427,500
$5K PRICE DROP

1542 Westwood Ave Lakewood, OH 44107

Estimated payment $2,767/month

Total Views 19,011
5 Beds
3 Baths
2,040 Sq Ft
$210 Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Grant Elementary School Rated A
  • Forced Air Heating System

About This Home

Investor or owner-occupant opportunity! This incredible, oversized duplex in the heart of Lakewood offers flexibility and strong returns, just steps from the city’s best bars, restaurants, and entertainment. The first-floor unit is a well-maintained, 1,030 sq. ft, 2 bed, 1 bath currently rented at $1,500/month through July 31st, 2026. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths. The upper unit is approximately 1,530 sq. ft and is rented for $1,765/month through June 30th, 2026. Ideal for house hacking or maximizing rental income, this property features a brand-new roof (October 2024), a fully renovated upstairs unit including a new kitchen, two bathrooms, and third bedroom, plus updated appliances in both units and new basement laundry for tenants. Whether you're seeking a high-performing investment or a chance to live in one unit while renting the other, this Lakewood gem delivers on all fronts. *Note: Owner states that there are 5 bedrooms and 3 bathrooms and the county auditor website states that there are 4 bedrooms and 2 bathrooms.

Listing Agent

Tal Tamir

Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com, 216-870-8687 License #2018001908 Listed on: 04/28/2025

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,308

Year Built

  • Built in 1916 | Remodeled

Lot Details

  • 4,439 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Henry Grombacher Subdivision

Listing and Financial Details

  • Assessor Parcel Number 313-26-106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,308

Year Built

Built in 1916 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1916
  • Attribution Contact: tal@premierclevelandinvesting.com, 216-870-8687
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Henry Grombacher
  • Above Grade Finished Sq Ft: 2040.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt, Fiberglass, Shingle
  • Acres: 0.1019
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lakewood CSD (Cuyahoga)- 1817

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 313-26-106

Tax Info

  • Tax Annual Amount: 5308.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $427,500 -1.2% $210 / Sq Ft
04/28/2025 04/28/25 For Sale $432,500 +101.2% $212 / Sq Ft
07/26/2019 07/26/19 Sold $215,000 +7.6% $105 / Sq Ft
06/23/2019 06/23/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $199,900 -- $98 / Sq Ft
Source: MLS Now

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Source: MLS Now

MLS Number: 5115368

MLS Now

APN: 313-26-106