Exceptional investment opportunity in the heart of Lakewood! This well-maintained triplex combines classic character with thoughtful, modern updates and excellent income-producing potential. Unit One: two beds, one bath. Unit Two: two beds, one bath. Unit Three: one bed, one bath. Offering peace of mind for the next owner, all three units have new stainless steel appliances (2023), Blink video doorbells (2023), furnaces (2023), hot water tanks (2023), windows, fresh paint and quartz countertops in the updated kitchens (2023). Shared basement with designated laundry for each unit; washer and dryers are all new as of 2023 (three of each). To best accommodate both buyers and current tenants, showings are available in three windows this weekend: see showing instructions.
Closed
$485,000
1618 Parkwood Rd, Lakewood, OH 44107
5beds
3,450sqft
Triplex, Multi Family
Built in 1925
-- sqft lot
$491,500 Zestimate®
$141/sqft
$2,017 Estimated rent
Home value
$491,500
$457,000 - $531,000
$2,017/mo
Zestimate® history
Owner options
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$2,017/mo
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$3,375/mo
Est. payment
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$3,375/mo
Est. payment
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List your homeWhat's special
Classic characterFresh paintThoughtful modern updates
Zillow last checked:
Listing updated:
Listed by:
Meredith L Kramer 216-339-2767 meredithkramer@howardhanna.com,
Howard Hanna,
Michael Della Vella 440-821-9181,
Howard Hanna
Bought with:
Kathy Fawcett, 2017001283
Engel & Völkers Distinct
Source: MLS Now,MLS#: 5184172Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Basement: Common Basement,Full,Unfinished
Interior area
- Total structure area: 3,450
- Total interior livable area: 3,450 sqft
- Finished area above ground: 2,306
- Finished area below ground: 1,144
Property
Parking
- Parking features: Detached, Electricity, Garage, Paved
- Garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Fencing: Chain Link,Wood
Lot
- Size: 4,486 Square Feet
Details
- Parcel number: 31503060
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $390,000
- Annual tax amount: $8,966
- Date on market: 1/30/2026
- Cumulative days on market: 3 days
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Sold | $485,000$141/sqft |
Source: MLS Now #5184172 Report a problem | ||
| 2/2/2026 | Pending sale | $485,000$141/sqft |
Source: MLS Now #5184172 Report a problem | ||
| 1/30/2026 | Price change | $485,000+21.3%$141/sqft |
Source: MLS Now #5184172 Report a problem | ||
| 12/20/2023 | Pending sale | $400,000+2.6%$116/sqft |
Source:  MLS Now #4500826 Report a problem | ||
| 12/19/2023 | Sold | $390,000-2.5%$113/sqft |
Source: MLS Now #4500826 Report a problem | ||
| 11/17/2023 | Contingent | $400,000$116/sqft |
Source: MLS Now #4500826 Report a problem | ||
| 11/9/2023 | Price change | $400,000-3.6%$116/sqft |
Source: MLS Now #4500826 Report a problem | ||
| 11/3/2023 | Listed for sale | $415,000+363.7%$120/sqft |
Source: MLS Now #4500826 Report a problem | ||
| 8/8/2023 | Sold | $89,500-74.4%$26/sqft |
Source: Public Record Report a problem | ||
| 11/21/2022 | Listing removed | -- |
Source: MLS Now #4416957 Report a problem | ||
| 10/20/2022 | Price change | $349,900-2.8%$101/sqft |
Source: MLS Now #4416957 Report a problem | ||
| 9/15/2022 | Listed for sale | $360,000+71.5%$104/sqft |
Source: MLS Now #4408879 Report a problem | ||
| 1/19/2018 | Sold | $209,900$61/sqft |
Source: Public Record Report a problem | ||
| 1/2/2018 | Pending sale | $209,900$61/sqft |
Source: Howard Hanna - Rocky River #3951618 Report a problem | ||
| 11/30/2017 | Price change | $209,900-12.2%$61/sqft |
Source: Howard Hanna - Rocky River #3951618 Report a problem | ||
| 10/25/2017 | Listed for sale | $239,000+37%$69/sqft |
Source: Howard Hanna - Rocky River #3951618 Report a problem | ||
| 1/31/2006 | Sold | $174,500+37.2%$51/sqft |
Source: Public Record Report a problem | ||
| 1/27/1995 | Sold | $127,145$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,952 -0.2% | $136,500 |
| 2024 | $8,966 +59% | $136,500 +85.8% |
| 2023 | $5,638 -0.7% | $73,470 |
| 2022 | $5,675 +1% | $73,470 |
| 2021 | $5,621 -0.1% | $73,470 +14.3% |
| 2020 | $5,625 +1.9% | $64,260 |
| 2019 | $5,521 +0.1% | $64,260 |
| 2018 | $5,514 +0.7% | $64,260 +10.9% |
| 2017 | $5,474 +0.7% | $57,930 |
| 2016 | $5,437 | $57,930 |
| 2015 | $5,437 0% | $57,930 +4% |
| 2014 | $5,440 +1% | $55,690 |
| 2013 | $5,384 +11% | $55,690 |
| 2012 | $4,849 -1.3% | $55,690 -3.5% |
| 2011 | $4,910 +0.3% | $57,680 |
| 2010 | $4,897 +9.3% | $57,680 |
| 2009 | $4,481 +4.8% | $57,680 |
| 2008 | $4,277 +2.7% | $57,680 |
| 2007 | $4,163 +0.4% | $57,680 |
| 2006 | $4,145 +2% | $57,680 +7.8% |
| 2005 | $4,062 +1% | $53,520 |
| 2004 | $4,024 +8.3% | $53,520 |
| 2003 | $3,716 +11.5% | $53,520 +14.5% |
| 2002 | $3,332 -44.8% | $46,730 |
| 2001 | $6,038 -0.1% | $46,730 |
| 2000 | $6,042 | $46,730 |
Find assessor info on the county website
Neighborhood: 44107
Nearby homes
- $--2 bd1 ba1.1k sqft1618 Parkwood Rd UNIT 2, Lakewood, OH 44107Off Market
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Nearby schools
GreatSchools rating
- 8/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Garfield Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Lakewood High SchoolGrades: 9-12Distance: 0.2 mi
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
$491,500
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Estimated market value
$491,500
- Ohio
- Cuyahoga County
- Lakewood
- 44107
- 1618 Parkwood Rd
Nearby cities
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