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Off market
  • $405,000

    1565 Newman Ave, Lakewood, OH 44107

    6beds
    3,539sqft
    SingleFamily
    Built in 1898
    7,405 Square Feet Lot
    $405,000 Zestimate®
    $114/sqft
    $3,668 Estimated rent

    Home value

    $405,000

    $373,000 - $437,000

    $3,668/mo

    Zestimate® history
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    $3,668/mo

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    $3,668/mo

    Rent Zestimate®

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    $2,838/mo

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    $2,838/mo

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    What's special

    Inspected, cash flowing & ready to sell! A legal triplex w/ 1, 2 & 3 bedroom units, monthly gross of $3,000. An owner-occupant can purchase to live here & have the other units cover most-to-all expenses then keep this property as pure investment income after accumulating cash while living at this property to purchase another. The numbers also work for investors. The property has many updates; each unit has its own gas/ electric meters; its own entry & laundry. On a large lot with ample parking & yard space (room for multiple-car parking). The 3 BR unit ($1,050/mo) is the upper level, has a very cool layout with an open concept & in-suite laundry. The 2 BR unit ($1,125/mo) has just recently been remodeled in 2020 with new flooring throughout, a new bathroom with tile surround, new kitchen featuring stainless appliances, butcherblock counters and all new cabinets. The 1 BR unit ($850/mo) has updates just completed this year and is toward the side/back with a dedicated living room, dining room & kitchen with stainless appliances and granite counters. This unit also has a bonus room off the back entry that could be great as a mudroom, studio or creative space. The first-floor units have separate access to the basement where storage and laundry are located. All units on furnace heating, updated plumbing system & electrical panels. Roof installed 2019, Many appliances are new and are all included (except 1 w/d set). A great property that will serve you well however you use it!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced air, Gas
    Cooling
    • None
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 3,539 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: City
    Lot
    • Size: 7,405 Square Feet
    Details
    • Parcel number: 31514066

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1898

    Community & HOA

    Location
    • Region: Lakewood

    Financial & listing details

    • Price per square foot: $114/sqft
    • Tax assessed value: $325,000
    • Annual tax amount: $7,460

    Price history

    DateEventPrice
    10/19/2021Sold$325,000+3.2%$92/sqft
    Source: MLS Now #4314202 Report a problem
    9/11/2021Pending sale$314,900$89/sqft
    Source: RE/MAX International #4314202 Report a problem
    9/11/2021Contingent$314,900$89/sqft
    Source: MLS Now #4314202 Report a problem
    9/4/2021Listed for sale$314,900$89/sqft
    Source: MLS Now #4314202 Report a problem
    6/16/2021Pending sale$314,900$89/sqft
    Source: RE/MAX International #4286555 Report a problem
    6/16/2021Contingent$314,900$89/sqft
    Source: MLS Now #4286555 Report a problem
    6/12/2021Listed for sale$314,900+36.9%$89/sqft
    Source: MLS Now #4286555 Report a problem
    3/15/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    3/8/2021Listed for rent$1,100
    Source: Zillow Rental Manager Report a problem
    3/16/2020Sold$230,000-2.1%$65/sqft
    Source: MLS Now #4138511 Report a problem
    3/4/2020Pending sale$234,900$66/sqft
    Source: Coldwell Banker Schmidt Realty #4138511 Report a problem
    11/7/2019Price change$234,900-2.1%$66/sqft
    Source: Coldwell Banker Schmidt Family of Companies #4138511 Report a problem
    10/4/2019Listed for sale$239,900+199.9%$68/sqft
    Source: Coldwell Banker Schmidt Family of Compan #4138511 Report a problem
    9/15/2008Sold$80,000-61%$23/sqft
    Source: Public Record Report a problem
    6/20/2006Sold$205,000+55.3%$58/sqft
    Source: Public Record Report a problem
    12/6/2002Sold$132,000+233.8%$37/sqft
    Source: Public Record Report a problem
    4/26/1995Sold$39,548$11/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,460 -0.2%$113,750
    2024$7,471 +21%$113,750 +41.3%
    2023$6,177 -0.7%$80,500
    2022$6,218 +2%$80,500
    2021$6,095 +54.5%$80,500 +78.6%
    2020$3,945 +1.9%$45,080
    2019$3,873 +0.1%$45,080
    2018$3,868 +10.6%$45,080 +21.8%
    2017$3,496 +0.7%$37,000
    2016$3,473 $37,000
    2015$3,473 -3.9%$37,000
    2014$3,614 +1%$37,000
    2013$3,577 +11%$37,000
    2012$3,221 -1.7%$37,000 -3.9%
    2011$3,277 -16.8%$38,500 -17%
    2010$3,938 +9.3%$46,380
    2009$3,603 -76.2%$46,380 -6%
    2008$15,128 +319.4%$49,360
    2007$3,607 +0.4%$49,360
    2006$3,591 +2.4%$49,360 +6.8%
    2005$3,508 +1%$46,210
    2004$3,475 +8.3%$46,210
    2003$3,209 +112.4%$46,210 +117.5%
    2002$1,511 -45%$21,250
    2001$2,746 -0.1%$21,250
    2000$2,748 $21,250
    Find assessor info on the county website

    Neighborhood: 44107

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lakewood CSD

    Source: The MLS. 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
    $405,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $405,000