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$410,000
80 Days On Site

1483-1485 Olivewood Avenue
Lakewood, OH 44107

For Sale|Duplex|Active
6
Beds
2
Total Baths
2
Full Baths
2,376
SqFt
$173
/SqFt
1905
Built
Subdivision:
Lakewood
County:
Cuyahoga
Call Now: 440-617-2500
Is this the listing for you? We can help make it yours.
440-617-2500
1483-1485 Olivewood Avenue1483-1485 Olivewood Avenue1483-1485 Olivewood Avenue1483-1485 Olivewood Avenue
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Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income. Key Features: • Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers • Newer roof for low maintenance costs • Updated water tanks on both sides for reliable operation • Previously generated $3,100/month in rental income when fully rented • Potential for rent increases to enhance your return on investment • Prime Lakewood location, close to shopping, dining, and transportation • One side vacant for showing, One side Tennant occupied through August This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.

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Listing Snapshot
Price 
$410,000
Days On Site 
80 Days
Bedrooms 
6
Inside Area (SqFt) 
2,376 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.082 Acres
Year Built 
1905
MLS® Number 
5110016
Status 
Active
Property Tax 
$6,374
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoStatus changed to Active
4 days agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.082
Disclosures 
Principal Is Real Estate Licensed
Number Of Stories 
2
Parking 
Paved
Property Sub Type 
Duplex
Sewer 
Public Sewer
SqFt Above 
2376
Stories 
Two
Water Source 
Public
Interior Features
Basement 
Full
Heating 
Natural GasForced Air
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Exterior Features
Construction Details 
BrickStone
Roof 
AsphaltFiberglassFlat
Community Features
School District 
Lakewood CSD (Cuyahoga)- 1817
Township 
Lakewood
Schools
School District
Lakewood CSD (Cuyahoga)- 1817
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Uday T Patel of Keller Williams Greater Metropolitan



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2025 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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