$275,000

1604 Newman Avenue, Lakewood, OH 44107

6 beds |
2 baths |
2,240 sqft

Duplex
Built in 1898
7,161sqft lot
—— car garage
$123/sqft
Listed 28 days ago

Property Description

Investment opportunity in the heart of Lakewood’s Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether you are looking to add to your portfolio or secure a value-add property with long-term potential, this duplex is one worth a closer look. Here’s a slightly more investor-focused version too: Turnkey cash-flow opportunity in Lakewood’s desirable Birdtown neighborhood. This fully occupied duplex features two 3-bedroom, 1-bath units, each currently rented for $1,400 per month, producing $33,600 in annual gross income. With strong rental demand and a sought-after location, this property offers investors immediate cash flow with additional upside through future improvements. The left unit has already been updated with new windows, a full kitchen remodel, a full bathroom remodel, all new flooring, fresh paint, and new drywall on the first floor. A solid addition to any investment portfolio, this property combines current income with value-add potential in one of Lakewood’s most popular rental areas.

Listing Status:: Pending
Data Last Updated:: May 20, 2026 at 3:18PM
Listing Office:: EXP Realty, LLC. : 866-212-4991
Listing Agent:: Sylvia Incorvaia : 216-316-1893
MLS ID:: 5203363

Basement: Crawl Space
A/C: None
Heating: Forced AirGas

Parking: DrivewayNo GarageUnpaved

Roofing: AsphaltFiberglass
General: Vinyl Siding2

Originating MLS: NOWDD_NORM
School District: Lakewood CSD (Cuyahoga)- 1817
County: Cuyahoga

Zoning: 21 NEWMAN 0065 ALL315-15-056

Water: Public
Sewer: Public Sewer

Source: NOWDD_NORM

This listing courtesy of Sylvia Incorvaia , EXP Realty, LLC.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.