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. 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. 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.
For sale
Price cut: $5K (6/12)
$427,500
1542 Westwood Ave, Lakewood, OH 44107
5beds
2,040sqft
Est.:
Duplex, Multi Family
Built in 1916
-- sqft lot
$-- Zestimate®
$210/sqft
$-- HOA
What's special
Fully renovated upstairs unitThird bedroomUpdated appliancesTwo bathroomsNew kitchenBrand-new roof
- 110 days
- on Zillow |
- 823 |
- 44 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 04:32pm
Listing Provided by:
Tal Tamir 216-870-8687 tal@premierclevelandinvesting.com,
Russell Real Estate Services
Source: MLS Now,MLS#: 5115368
Originating MLS: Akron Cleveland Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- None
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
- Finished area above ground: 2,040
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Paved
- Garage spaces: 2
Features
- Levels: Three Or More
Lot
- Size: 4,438.76 Square Feet
Details
- Parcel number: 31326106
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Fiberglass,Shingle
Condition
- Updated/Remodeled
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Henry Grombacher
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $215,000
- Annual tax amount: $5,308
- Date on market: 4/29/2025
- Listing terms: Cash,Conventional,1031 Exchange
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