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  • $420,000

    1542 Westwood Ave, Lakewood, OH 44107

    5beds
    2,040sqft
    Duplex, Multi Family
    Built in 1916
    -- sqft lot
    $422,300 Zestimate®
    $206/sqft
    $1,589 Estimated rent

    Home value

    $422,300

    $393,000 - $456,000

    $1,589/mo

    Zestimate® history
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    $2,976/mo

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    What's special

    Well-sized unitsFlexible living options
    Great investment opportunity in the heart of Lakewood! This fully occupied duplex at 1542 Westwood Ave offers strong rental income and excellent long-term potential, all in one of the area’s most desirable and walkable neighborhoods. The property features two well-sized units. One unit offers 2 bedrooms and 1 full bathroom, while the second unit includes 3 bedrooms and 2 full bathrooms, providing flexible living options that appeal to a wide range of tenants. Both units are tenant-occupied, making this a true turnkey investment with immediate income. Located just steps from Lakewood’s vibrant bars, restaurants, and entertainment, this property benefits from a highly sought-after location that continues to attract renters and sustain strong demand. Whether you're expanding your portfolio or looking for a solid income-producing property in a prime location, 1542 Westwood Ave delivers both convenience and reliable returns.

    Zillow last checked:

    Listing updated:

    Listed by:

    Terry Young 216-400-5224 Terryyoung@theyoungteam.com,

    Keller Williams Greater Metropolitan

    Bought with:

    Jacob J Gable, 2025001993

    The Gable Group LLC

    Source: MLS Now,MLS#: 5189175MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Gas
    Cooling
    • Other
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Basement
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,040
    • Total interior livable area: 2,040 sqft
    • Finished area above ground: 2,040

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,438 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,Shingle
    Condition
    • 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: $206/sqft
    • Tax assessed value: $231,000
    • Annual tax amount: $5,301
    • Date on market: 3/18/2026
    • Cumulative days on market: 54 days

    Price history

    DateEventPrice
    5/11/2026Sold$420,000-1.2%$206/sqft
    Source: MLS Now #5189175 Report a problem
    5/11/2026Pending sale$425,000$208/sqft
    Source: MLS Now #5189175 Report a problem
    4/30/2026Listed for sale$425,000$208/sqft
    Source: MLS Now #5189175 Report a problem
    4/3/2026Contingent$425,000$208/sqft
    Source: MLS Now #5189175 Report a problem
    3/18/2026Listed for sale$425,000-0.6%$208/sqft
    Source: MLS Now #5189175 Report a problem
    11/29/2025Listing removed$427,500$210/sqft
    Source: MLS Now #5115368 Report a problem
    6/12/2025Price change$427,500-1.2%$210/sqft
    Source: MLS Now #5115368 Report a problem
    4/29/2025Listed for sale$432,500+69.6%$212/sqft
    Source: MLS Now #5115368 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    10/15/2020Sold$255,000+18.6%$125/sqft
    Source: Public Record Report a problem
    9/27/2019Listing removed$1,250$1/sqft
    Source: Owner Report a problem
    9/16/2019Price change$1,250-3.8%$1/sqft
    Source: Owner Report a problem
    9/6/2019Listed for rent$1,300$1/sqft
    Source: Owner Report a problem
    7/26/2019Sold$215,000+7.6%$105/sqft
    Source: MLS Now #4108130 Report a problem
    6/24/2019Pending sale$199,900$98/sqft
    Source: Keller Williams Citywide #4108130 Report a problem
    6/20/2019Listed for sale$199,900+88.6%$98/sqft
    Source: Keller Williams Grt Cleve West #4108130 Report a problem
    1/28/2011Sold$106,000-7.8%$52/sqft
    Source: MLS Now #3142282 Report a problem
    8/8/2010Price change$114,987-8%$56/sqft
    Source: Howard Hanna - Cleveland/Lakewood #3142282 Report a problem
    7/3/2010Price change$124,987-3.8%$61/sqft
    Source: Howard Hanna - Cleveland/Lakewood #3142282 Report a problem
    6/25/2010Listed for sale$129,987$64/sqft
    Source: Howard Hanna - Cleveland/Lakewood #3142282 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,302 -0.2%$80,850
    2024$5,310 -8.1%$80,850 +7.4%
    2023$5,775 -0.7%$75,250
    2022$5,813 +1%$75,250
    2021$5,757 +32.6%$75,250 +51.6%
    2020$4,343 +1.9%$49,630
    2019$4,263 +1.6%$49,630
    2018$4,195 +16.9%$49,630 +28.7%
    2017$3,589 +0.7%$38,570
    2016$3,565 $38,570
    2015$3,565 -0.1%$38,570 +3.9%
    2014$3,569 +1.1%$37,110
    2013$3,532 +11.2%$37,110
    2012$3,176 -14.6%$37,110 -16.5%
    2011$3,719 +0.3%$44,420
    2010$3,709 +9.3%$44,420
    2009$3,394 -1.5%$44,420 -6%
    2008$3,445 +1.5%$47,250
    2007$3,396 +0.4%$47,250
    2006$3,381 -4.4%$47,250 +1%
    2005$3,536 +1%$46,760
    2004$3,502 +8.3%$46,760
    2003$3,234 +11.5%$46,760 +14.5%
    2002$2,901 -45%$40,850
    2001$5,278 -0.1%$40,850
    2000$5,282 $40,850
    Find assessor info on the county website

    Neighborhood: 44107

    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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    Estimated market value
    $422,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $422,300