OH > Lakewood > Newman
Lakewood, OH 44107,1557 Newman AVE
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Lakewood, OH 44107,1557 Newman AVE
Lakewood, OH 44107,1557 Newman AVE
Lakewood, OH 44107,1557 Newman AVE
Lakewood, OH 44107,1557 Newman AVE
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Luke O'Neill & Jim O'Neil

Luke O'Neill & Jim O'Neil

+1(330) 414-2305
$ 349,900
Est. payment /mo
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Price Dropped by $10K

1557 Newman AVE Lakewood, OH 44107

5 Beds

3 Baths

1,980 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,980 sqft

Price per Sqft $176

Subdivision Newman

MLS Listing ID 5113652

Bedrooms 5

Full Baths 2

Half Baths 1

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 1,980

Year Built 1908

Annual Tax Amount $4,516

Tax Year 2024

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Duplex

Property Description

Discover this meticulously renovated Lakewood duplex at 1557 Newman Ave! Fully updated since 2023 and POS compliant, this property is truly turn-key, minimizing immediate expenses and positioning it for an attractive capitalization rate for savvy investors. Also ideal for owner-occupants, it offers 5 bedrooms and 3 full baths total: a 2-bed/1-bath lower unit and a spacious 3-bed/2-bath upper unit spanning the 2nd and 3rd floors. The upper unit boasts an updated kitchen and a fantastic, brand-new 3rd-floor bathroom complete with new stairs. Enjoy extensive recent updates including new flooring throughout both units, all new 2024 appliances, fresh exterior paint, a new front porch, a new upper unit balcony, new gutters, replaced entry doors, and a majority of windows replaced. Located in a prime, walkable Lakewood neighborhood known for strong rental demand, close to parks, dining, and RTA access. Don't miss this outstanding, hassle-free opportunity offering significant income potential – schedule your showing today!

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Dryer, Microwave, Range, Refrigerator, Washer

Exterior

Parking Features On Street

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Lakewood Csd (Cuyahoga)- 1817

Others

Tax ID 315-14-068

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Michael Jones • RE/MAX Traditions • michaelpajones@gmail.com 440-714-5755
agent

Luke O'Neill & Jim O'Neil

Co-Owners - Elite Sales Team

+1(330) 414-2305

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1557 Newman AVE