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!
Active
$600,000
1497 Coutant Ave, Lakewood, OH 44107
8beds
4,000sqft
Quadruplex, Multi Family
Built in 1916
-- sqft lot
$-- Zestimate®
$150/sqft
$-- HOA
What's special
- 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#: 5227228
Originating 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
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $600,000+11.1%$150/sqft |
Source: | ||
| 11/23/2021 | Sold | $540,000-5.9%$135/sqft |
Source: | ||
| 8/26/2021 | Pending sale | $574,000$144/sqft |
Source: | ||
| 7/9/2021 | Listed for sale | $574,000$144/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/24/2019 | Listing removed | $745 |
Source: Owner Report a problem | ||
| 5/14/2019 | Listed for rent | $745+7.2% |
Source: Owner Report a problem | ||
| 2/21/2017 | Listing removed | $695 |
Source: Owner Report a problem | ||
| 2/2/2017 | Listed for rent | $695 |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 44107
Nearby schools
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.






