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Active
  • $600,000

    1497 Coutant Ave, Lakewood, OH 44107

    8beds
    4,000sqft
    : 
    $4,473/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1916
    -- sqft lot
    $-- Zestimate®
    $150/sqft
    $-- HOA

    What's special

    Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 per month in rental income, providing immediate cash flow from day one. Whether you’re looking to expand your rental portfolio or purchase a stable, income producing asset in one of Northeast Ohio’s strongest rental markets, this property checks all the boxes. With all units occupied, you’ll benefit from consistent rental income while enjoying the long-term appreciation potential that Lakewood continues to offer. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! Conveniently located near shopping, restaurants, parks, and major highways, this turnkey quadruplex is an excellent addition to any investor’s portfolio. *Must be sold with 11713 Nelson Ct, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!
    42 days
    390
    30

    Zillow last checked:

    Listing updated:

    Listed by:

    Armani Adames 216-370-8550 adamesarmani.aa@gmail.com,

    RE/MAX Above & Beyond

    Source: MLS Now,MLS#: 5227228MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • Central Air
      Features
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 4,000
      • Total interior livable area: 4,000 sqft
      • Finished area above ground: 4,000
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage
      • Garage spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.27 Acres
      Details
      • Parcel number: 31514040
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Brick
      • Roof: Flat
      Condition
      • Year built: 1916

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Hiram M & C B Townsends Allot
      Location
      • Region: Lakewood

      Financial & listing details

      • Price per square foot: $150/sqft
      • Annual tax amount: $9,937
      • Date on market: 7/17/2026
      • Listing terms: Cash,Conventional,1031 Exchange

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/17/2026Listed for sale$600,000+11.1%$150/sqft
        Source: MLS Now #5227228 Report a problem
        11/23/2021Sold$540,000-5.9%$135/sqft
        Source: MLS Now #4296919 Report a problem
        8/26/2021Pending sale$574,000$144/sqft
        Source: MLS Now #4296919 Report a problem
        7/9/2021Listed for sale$574,000$144/sqft
        Source: MLS Now #4296919 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        5/24/2019Listing removed$745
        Source: Owner Report a problem
        5/14/2019Listed for rent$745+7.2%
        Source: Owner Report a problem
        2/21/2017Listing removed$695
        Source: Owner Report a problem
        2/2/2017Listed for rent$695
        Source: Owner Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 44107

        Getting around

        80 / 100
        Very Walkable
        53 / 100
        Good Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Lakewood CSD (Cuyahoga)- 1817

        Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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