Prepare to be moved! Discover an outstanding investment opportunity at 1246 Cook Avenue in Lakewood—a spacious and well-maintained triplex offering 3,022 square feet of living space across three updated units. This income-generating property is perfect for investors seeking immediate returns and long-term value or owners looking to offset their mortgage with rental income.
The first-floor unit features 1,306 square feet and includes two bedrooms, one full bathroom, and a versatile bonus room ideal. This unit is currently occupied by a tenant through July 1st, offering immediate rental income. The second-floor unit, also updated, includes 1,144 square feet of living space with two bedrooms, one bathroom, and a similar bonus room layout that enhances tenant appeal. This unit will be occupied by a tenant through July 10th. The third-floor unit is a charming 575-square-foot studio, complete with a full bathroom and a private top balcony—perfect for capturing rental demand from young professionals or short-term tenants. This unit's tenant has a lease in place through August 17th. The total rental income from all three units equals $3900 with ample potential for increased income over time.
All three units have been thoughtfully updated with newer appliances, modern flooring, stylish vanities, and contemporary lighting. Recent improvements to the property include a newer roof and gutters (2017), a waterproofed basement with sump pump (2024), central air conditioning in units 1 and 2 (2019), and 2 newer hot water tanks (2023).
Outdoor features include a partially fenced yard with a patio area for recreation, a two-car detached garage, and a paved driveway that provides ample off-street parking. Situated close to Lakewood Park and within walking distance of the city’s vibrant dining, shopping, and entertainment scene, this triplex combines excellent location, updated features, and immediate rental income —making it a smart addition to any real estate portfolio.
Sold for $460,000 on 06/12/25
$460,000
1246 Cook Ave, Lakewood, OH 44107
5beds
3,022sqft
Triplex, Multi Family
Built in 1920
-- sqft lot
$463,400 Zestimate®
$152/sqft
$2,647 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 12:13pm
Listing Provided by:
Ed Huck teaminfo@edhuckteam.com440-617-2500,
Keller Williams Citywide,
Jason Clifford 216-470-0586,
Keller Williams Citywide
Bought with:
Kyle A Weigand, 2007000210
Berkshire Hathaway HomeServices Lucien Realty
Source: MLS Now,MLS#: 5119050
Originating MLS: Akron Cleveland Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Range, Refrigerator, Washer
- Laundry: None
Features
- Basement: Full,Sump Pump
Interior area
- Total structure area: 3,022
- Total interior livable area: 3,022 sqft
- Finished area above ground: 3,022
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached, Garage, Paved
- Garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 4,748 sqft
Details
- Parcel number: 31213012
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding, Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lakewood
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.