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  • $353,000

    1656 Victoria Ave, Lakewood, OH 44107

    4beds
    --sqft
    Duplex, Multi Family
    Built in 1924
    -- sqft lot
    $382,600 Zestimate®
    $--/sqft
    $1,709 Estimated rent

    Home value

    $382,600

    $363,000 - $406,000

    $1,709/mo

    Zestimate® history
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    $2,506/mo

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    $2,506/mo

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    What's special

    Introducing a fantastic investment opportunity in the heart of Lakewood, Ohio! This fully rented duplex is a rare gem, generating $2800 monthly with both units currently rented at $1400 each. The upper unit boasts potential for significant value addition, featuring a third floor that can be transformed into one or even two extra bedrooms, maximizing rental income. Both units are beautifully updated, offering modern comforts while retaining classic charm. Hardwood floors flow throughout, and the second unit benefits from a newly renovated bathroom. Each unit enjoys a spacious front porch, with the second unit's porch enclosed, making it a cozy retreat during the winter months. Situated in an ideal spot in Lakewood, this property is within walking distance to a variety of restaurants, trendy coffee shops, and other local amenities, providing a vibrant and convenient lifestyle for tenants. The neighborhood is highly walkable, enhancing its appeal for renters. Proximity to major highways ensures easy commutes, while the nearby Lake Erie/Edgewater area and downtown Cleveland offer abundant recreational and entertainment options. This property has been meticulously maintained by a conscientious owner, evident in every detail. With nothing else like it on the market, this duplex represents a fantastic deal that won't last long. Don't miss out on this exceptional investment opportunity in a sought-after location!

    Zillow last checked:

    Listing updated:

    Listed by:

    Paul T All paulall@mcdhomes.com216-299-3870,

    McDowell Homes Real Estate Services,

    Amanda Kritzer 216-469-0535,

    McDowell Homes Real Estate Services

    Bought with:

    Nicholas Rokakis, 2018001261

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5040817MLS LogoOriginating MLS: Lake Geauga Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas
    Cooling
    • None
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 2
    • Parking features: Paved
    • Garage spaces: 2
    Features
    • Levels: Three Or More
    Lot
    • Size: 5,000 Square Feet
    Details
    • Parcel number: 31403014

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Madison Heights
    Location
    • Region: Lakewood

    Financial & listing details

    • Tax assessed value: $249,800
    • Annual tax amount: $4,453
    • Date on market: 5/23/2024
    • Cumulative days on market: 9 days

    Price history

    DateEventPrice
    6/21/2024Sold$353,000+17.7%
    Source: MLS Now #5040817 Report a problem
    5/30/2024Pending sale$299,900
    Source: MLS Now #5040817 Report a problem
    5/23/2024Listed for sale$299,900+78.5%
    Source: MLS Now #5040817 Report a problem
    9/26/2018Sold$168,000+0.6%
    Source: MLS Now #4017490 Report a problem
    7/15/2004Sold$167,000+20.1%
    Source: Public Record Report a problem
    7/31/1998Sold$139,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,655 -0.2%$87,430
    2024$5,665 +27.2%$87,430 +48.7%
    2023$4,453 -0.6%$58,800
    2022$4,482 +1%$58,800
    2021$4,438 -12.8%$58,800 -0.3%
    2020$5,091 +0.5%$58,980
    2019$5,067 +0.1%$58,980
    2018$5,060 -2.9%$58,980 +6.9%
    2017$5,213 +0.7%$55,170
    2016$5,178 $55,170
    2015$5,178 0%$55,170 +4%
    2014$5,180 +1%$53,030
    2013$5,127 +11%$53,030
    2012$4,617 +887%$53,030 -3.5%
    2011$468 -90%$54,950
    2010$4,665 +9.3%$54,950
    2009$4,269 -1.5%$54,950 -6%
    2008$4,335 +1.5%$58,460
    2007$4,272 +0.4%$58,460
    2006$4,254 +13.8%$58,460 +20.2%
    2005$3,738 +1%$48,620
    2004$3,702 +8.3%$48,620
    2003$3,419 +11.5%$48,620 +14.5%
    2002$3,066 -44.1%$42,460
    2001$5,486 -0.1%$42,460
    2000$5,490 $42,460
    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
    $382,600
    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
    $382,600