Lakewood Real Estate Search

Lakewood Properties between $400,000 and $500,000 for Sale

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Newest Lakewood Properties between $400,000 and $500,000 for Sale

$425,000
7 Beds ⋅ 2 Baths ⋅ 5230414 MLS
Rare opportunity to acquire a fully renovated Lakewood duplex offering more than 3,300 square feet of living space, substantial rental potential, and the added flexibility of being delivered vacant at closing. Renovated in 2022, the property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, updated flooring, and numerous interior improvements. The first-floor unit offers 3 bedrooms, while the expansive upper unit spans the second and third floors and provides 4 to 5 bedrooms. Projected market rents are approximately $1,600 to $1,800 per month for the first-floor unit and $1,800 to $2,200 per month for the upper unit, creating strong income potential for an investor or an excellent opportunity for an owner-occupant looking to offset their monthly housing costs. Additional improvements include updated HVAC systems installed in 2018 and 2019, along with a new roof in 2025. The property is also Point of Sale compliant, allowing the next owner to focus on leasing and operations rather than immediate municipal requirements or major deferred maintenance. Located in one of Northeast Ohio’s most desirable rental markets, the property offers convenient access to Lakewood’s restaurants, shopping, parks, nightlife, and Downtown Cleveland. Large, renovated duplexes in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking for space, flexibility, and income potential. No seller financing. No wholesale contracts or assignments. End buyers only.

1631 Waterbury Road, Lakewood
$450,000
4 Beds ⋅ 3 Baths ⋅ 5229883 MLS
Welcome home to this charming brick Storybook Tudor, where intricate architectural details create exceptional curb appeal. Head inside to a spacious living room featuring original hardwood floors and a classic fireplace. An arched opening leads to the formal dining room, complete with built-in leaded glass china cabinets that add timeless character. Just off the dining room, through an eight-panel wood door, is the fully updated kitchen, featuring white cabinetry, stone countertops, and stainless steel appliances. Also on the main level are a guest bedroom, a powder room, and a bright, airy sunroom overlooking the backyard. A few steps up from the main landing, you'll find a private office, perfect for working from home. The second floor offers three spacious bedrooms and a full bath that blends modern updates with original charm, featuring an updated vanity alongside beautifully preserved tilework. The lower level provides even more living space with a versatile bonus room, a recreation room with a bar, a second powder room, a laundry area, and plenty of storage. Outside, the thoughtfully landscaped backyard surrounds a beautiful paver patio and offers ample green space for relaxing or entertaining. Conveniently located just minutes from shopping, dining, entertainment, parks, and easy highway access, this home perfectly combines timeless character with modern updates.

1465 Bunts Road, Lakewood
$489,999
6 Beds ⋅ 3 Baths ⋅ 5228621 MLS
(4K Video Available)One of the finest duplex renovations to hit the Lakewood market! Completely remodeled top to bottom w/exceptional craftsmanship & premium materials, magnificent 3-story duplex offers 6 bedrooms, 3 full baths, & outstanding flexibility for both owner-occupants & investors. Move right in w/immediate occupancy & Point-of-Sale compliant. The moment you arrive, you'll appreciate extensive exterior improvements, including newer vinyl siding, energy-efficient vinyl windows, newer garage, partial driveway replacement, outstanding curb appeal, Inside, transformation is nothing short of spectacular. High ceilings, abundant windows, plus open-concept design create a bright, sun-filled interior that perfectly blends modern style w/timeless character. Stunning 42-inch Shaker-style kitchens w/granite countertops, designer tile backsplashes, premium appliances, & spacious layouts ideal for entertaining and everyday living. Beautiful custom-tiled bathrooms offer a luxurious, spa-like feel, while quality finishes throughout reflect meticulous attention to detail/enduring craftsmanship. First-floor unit offers a spacious 2-bedroom, 1-bath floor plan. Upper unit spans the second & third floors, impressive 4-bedrooms, 2-bath layout w/exceptional living space that's perfect for larger households or maximizing rental income. Each unit includes its own private laundry area for added convenience, central air conditioning provides year-round comfort. Whether you're looking to live in one unit while generating income from the other or add a turnkey, high-quality property to your investment portfolio, this exceptional duplex is a rare opportunity. Located in one of Lakewood's most desirable neighborhoods, this is truly a move-in-ready property that stands above the rest. Easy to show with immediate occupancy available!

2124 Wascana Avenue, Lakewood
$400,000
4 Beds ⋅ 4 Baths ⋅ 5227231 MLS
Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 1 bedroom, 1 bathroom apartments and is currently generating $3,630 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. 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 1497 Coutant Ave, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!

11713 Nelson Court, Lakewood
$419,900
6 Beds ⋅ 3 Baths ⋅ 5219361 MLS
Fantastic opportunity in the heart of Lakewood — perfect for investors or owner-occupants seeking rental income. Previously used as two separate units, this property offers a 2-bed/1-bath first-floor unit and a 3-bed/2-bath second- and third-floor unit. The third floor has ductwork with a private entry, making it an ideal candidate for conversion into a 1-bed/1-bath suite. Inside, you’ll find charming old-world character throughout, including original hardwood floors, fireplaces, and built-in dining room cabinetry. Recent updates add convenience and value, including new flooring, new appliances, and a new garage roof. Located in a prime Lakewood neighborhood, this home is just a short walk from restaurants, shops, parks, and everything the city has to offer. A rare chance to own a versatile property with strong income potential in one of Lakewood’s most desirable areas.

2200-2202 Wyandotte Avenue Unit 2202, Lakewood
$484,900
4 Beds ⋅ 3 Baths ⋅ 5215350 MLS
Introducing 1438 Elbur Avenue—an exceptional luxury renovation in the heart of Lakewood that seamlessly blends historic charm with sophisticated modern design. Offering 4 bedrooms, 2.5 bathrooms, and 2,179 square feet of meticulously curated living space, every inch of this residence has been reimagined with premium finishes and uncompromising craftsmanship. The centerpiece of the home is a designer kitchen unlike anything else in its class, featuring bespoke custom cabinetry, striking quartz countertops, and a stunning waterfall-edge island that creates a true architectural focal point. Thoughtfully designed for both everyday living and upscale entertaining, the open and inviting layout is enhanced by beautifully refinished hardwood floors that extend throughout the home. The luxurious primary suite serves as a private retreat, complete with a spa-inspired en-suite bath that offers the perfect balance of comfort and elegance. Three additional bedrooms provide generous accommodations for family and guests, while every room showcases the quality and attention to detail found throughout the renovation. No expense was spared in the home's transformation, including all-new replacement windows that flood the interior with natural light while enhancing efficiency and comfort. Outside, the improvements continue with a brand-new driveway and an expansive new deck designed for seamless indoor-outdoor entertaining. Perfectly positioned on one of Lakewood's charming residential streets, this turnkey residence offers a rare opportunity to own a fully renovated luxury home where timeless architecture, designer finishes, and modern convenience come together flawlessly. Homes of this caliber seldom become available—schedule your private tour today.

1438 Elbur Avenue, Lakewood
$489,000
5 Beds ⋅ 3 Baths ⋅ 5211261 MLS
Charming triplex in the heart of Lakewood, Ohio! This beautifully maintained property offers the perfect blend of classic character and modern comfort, making it an incredible opportunity for both investors and owner-occupants alike. With the first-floor unit already rented, you can start generating income immediately while maximizing the property’s strong cash-flow potential. Situated in a prime location, this triplex places you just minutes from Lakewood’s popular restaurants, parks, schools, and entertainment. Each unit offers inviting living spaces filled with charm and functionality, while the property itself has been well cared for. Whether you’re looking to expand your investment portfolio, generate passive income, or “house hack” by living in one unit while renting the others, this property checks all the boxes. Rare opportunities like this in Lakewood do not come around often — don’t miss your chance to own this exceptional multi-family property!

1296 Cook Avenue, Lakewood
$449,900
6 Beds ⋅ 3 Baths ⋅ 5211548 MLS
Amazing Lakewood two-family with a beautiful 3rd-floor owner/in-law suite! This home lays out perfectly for an owner-occupant, featuring a completely finished and updated third-floor attic space with skylights, a huge bedroom, full bath, kitchen, large sitting area, and a mini-split for air conditioning. When combined with the second floor, you have up to 4 total bedrooms, 2 full baths, and 2 kitchens. Character and charm abound on the first and second floors, showcasing large room sizes, hardwood floors, gorgeous natural woodwork, original pocket doors, and butler's pantries. Capital improvements and extensive updates include vinyl siding (2017), updated electrical panels/outlets (2015), a newly poured concrete driveway (2015), a 2-car garage (approx. 20 years old), many vinyl replacement windows (2002), and a thoroughly waterproofed basement (2017). Situated in a great western Lakewood location, this charming home is highly walkable to both the Detroit Ave and Madison Ave retail districts, offers easy access to Lakewood Park and the Cleveland Metroparks Rocky River Reservation, and provides a quick commute to downtown, University Circle, and beyond via I-90 and the Lakefront Shoreway—this is an absolute must-see!

1567 Wagar Avenue, Lakewood
$425,000
4 Beds ⋅ 2 Baths ⋅ 5207905 MLS
Located in the heart of Lakewood between Detroit Ave and Hilliard Road, this beautifully maintained duplex puts you right in the middle of all the shopping, dining, nightlife, and neighborhood charm Lakewood is known for. With the majority of updates completed in 2019, this property blends classic character with modern improvements and endless potential. Each unit offers 2 bedrooms, 1 full bathroom, plus a bright bonus office/flex space filled with natural sunlight that could easily function as a den, home office, reading nook, or potential additional bedroom. The first-floor unit features original hardwood flooring throughout the living and dining rooms, updated kitchen cabinetry, vinyl kitchen flooring, and carpeted bedrooms. Upstairs, you'll find another stylishly updated unit complete with sleek kitchen cabinetry, hardwood flooring in the main living areas, carpeted bedrooms, a one-of-a-kind built-in bar feature, and a large front balcony perfect for relaxing mornings or summer evenings. The unfinished third floor offers incredible opportunity to expand and add additional living space or value in the future. Downstairs, the unfinished basement includes two laundry hookup areas for added convenience. Major exterior and mechanical updates include a new roof (2019), central air (2019), updated electrical panels (2019), and a completely new detached 2-car garage built in 2019. Whether you're looking to owner-occupy, invest, or expand your portfolio, this Lakewood duplex offers charm, functionality, and upside in one of Northeast Ohio's most desirable communities.

1609 Westwood Avenue, Lakewood
$419,900
3 Beds ⋅ 3 Baths ⋅ 5200027 MLS
Opportunity awaits to build your dream home in Lakewood! A rare chance to build on an available lot in one of Lakewood’s most desirable locations is proudly offered by The Hanna Homes, with a selection of thoughtfully designed models and floor plans to choose from. The featured model, the Reynolds, is a to-be-built two-story traditional Colonial that showcases timeless curb appeal and a layout designed for everyday comfort and functionality. The main level offers a seamless flow between the spacious family room, dining area, and kitchen—ideal for both daily living and entertaining. Upstairs, you’ll find three generously sized bedrooms, including a private primary suite with its own full bath, creating the perfect retreat. The additional bedrooms are connected by a convenient Jack-and-Jill bathroom, offering both privacy and practicality for family members or guests. Buyers can personalize finishes and features to suit their style, creating a home that truly reflects their vision. Additional floor plans and design options are available, allowing you to select a layout that best fits your lifestyle and needs. The location includes a valuable tax abatement, with estimated annual property taxes of approximately $1,200 during the abatement period—an exceptional benefit for long-term savings on your new construction home. Whether you're starting fresh or designing your forever home, this offering blends classic style with smart, livable design in a highly sought-after Lakewood location. Additional models and plans are available from The Hannah Homes. One year home warranty is offered from the date of completion.

1518 Hopkins Avenue, Lakewood
$400,000
5 Beds ⋅ 3 Baths ⋅ 5198425 MLS
Exceptional investment opportunity in the heart of Lakewood. This well maintained three-unit property on Rosewood Ave offers a rare combination of charm, income potential and location. The first and second floor units features nice, updated kitchen, two bedrooms, large living rooms and a formal dining room. The first and second floor both have access to large front porches. The third-floor unit has 1 bedroom, living room, kitchen with an eat in area. There is shared laundry in the basement. Large backyard has been paved for parking for all units.

1447 Rosewood Avenue, Lakewood
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