Lakewood Real Estate Search

Lakewood Multi-Family Properties for Sale

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Newest Lakewood Multi-Family Homes 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
$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
$355,000
4 Beds ⋅ 2 Baths ⋅ 5228361 MLS
Excellent investment opportunity! This well-maintained duplex is fully occupied with strong in-place cash flow, collecting $2,810/month. Tenants pay their own utilities as well. Situated on a quiet cul-de-sac, this property combines reliable rental income with timeless character and an outstanding location. The spacious lower unit showcases beautiful hardwood floors, rich natural woodwork, crown molding, a decorative fireplace, and elegant leaded glass built-ins in the formal dining room. The updated kitchen features granite countertops, ceramic tile flooring, stainless steel appliances, and ample cabinet space. The unit is completed by two comfortable bedrooms and a full bath. The upper unit offers the same classic charm with hardwood floors, natural woodwork, and crown molding throughout the living and dining areas. The kitchen is equipped with granite countertops and appliances, while the enclosed front porch provides additional living space or a relaxing retreat. Two bedrooms and a full bath complete the unit. A walk-up partially finished third floor offers potential for additional living space, storage, or future value-add opportunities (subject to local approvals). Outside, you'll find a two-car garage with a newer door and opener, a spacious backyard, and a desirable location just minutes from parks, shopping, restaurants, and entertainment. With current rental income of $2,810 per month, classic architectural details, and room for future upside, this is an exceptional addition to any investment portfolio. * Photos are from previous occupants, walls have since been painted a different color.*

12905 Arliss Drive, Lakewood
$600,000
8 Beds ⋅ 4 Baths ⋅ 5227228 MLS
Attention investors! Don’t miss this outstanding investment opportunity in the highly desirable city of Lakewood. This fully occupied Quad features four 2 bedroom, 1 bathroom apartments and is currently generating $5,025 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. Includes a second building with a four car garage and an expansive unfinished space above, potential for another 2 or 3 bedroom unit! 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 11713 Nelson Ct, as these two parcels have been combined* Opportunities like this in Lakewood don’t come around often, submit your offer today!

1497 Coutant 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
$525,000
5 Beds ⋅ 5 Baths ⋅ 5221497 MLS
Lakewood! A tremendous opportunity awaits with this completely upgraded to the studs circa 2020 rehab. Newer electrical, plumbing, roof, flooring, fixtures, cabinets, countertops. Floorplan redesigned to offer additional full baths in each unit. Attic converted to add a lofted owner's retreat with wet bar, sitting area, bedroom, full bath with walk in shower, and walk in closet making the 2nd floor unit the ultimate showstopper. All finishes and fixtures, paint and decorating are on point in today's styles. First floor unit is a 2 BR 2 full bath the while second floor is a 3 BR 3 BA. The rental market in Lakewood is red hot and these units are sure to please any prospects, or with these finishes living in one unit and renting the other is an incredible option over a single family home. 2 car garage, full basement, convenient location with easy access to I 90 or shoreway makes for an easy commute. There are so many reasons to love this elevated double from location, to finishes, to those gourmet kitchens, the glamour baths, to the updated mechanicals- pick one or pick them all, but regardless, love is in the air on this one. Hurry and come see it!

2199 Lincoln Avenue, Lakewood
$289,900
5 Beds ⋅ 3 Baths ⋅ 5225832 MLS
Welcoming 2219 Chesterland to Market! This fully occupied duplex in East Lakewood is an excellent opportunity for investors or owner occupants ready to add value with a little TLC. The first floor unit is a spacious 2 bedroom, 1 bath apartment featuring a living room, dining room, and functional layout. It is currently rented MTM for $927 per month, offering flexibility for future plans. The second floor unit is leased through September 30th at $925 per month and offers 3 bedrooms, 2 full bathrooms, and an additional finished attic living space that provides extra versatility. Both units are currently rented below market rates for Lakewood, presenting strong upside potential for increased cash flow. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers strong potential for future growth. Don't miss an opportunity to own a duplex in Lakewood!

2219 Chesterland Avenue, 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
$199,900
4 Beds ⋅ 2 Baths ⋅ 5225854 MLS
This beauty has generous layout and oversized lot create endless possibilities for customization and value-add improvements. Conveniently situated just minutes from parks, shopping, dining, schools, and Lake Erie's waterfront, this property enjoys easy access to everything that makes Lakewood a sought-after community. Whether you're expanding your investment portfolio or searching for your next renovation project, this multi-family property presents a rare opportunity to own in a high-demand neighborhood with strong long-term potential. Buyer to verify all property information and condition.

1594 Victoria Avenue, Lakewood
$395,000
4 Beds ⋅ 2 Baths ⋅ 5225121 MLS
Welcome to this beautiful duplex located in the heart of Lakewood! The exterior is in great shape with nice vinyl siding, vinyl windows and a long concrete driveway leading to the 2-car garage. Each unit has 2 bedrooms, a dining room, living room and 1 bathroom. There is very well maintained hardwood flooring throughout with the 1st floor kitchen having a peninsula built out in the kitchen leading into the dining room with granite countertops and wood cabinets. The bathrooms are updated with tile flooring, backsplash and nice vanities and lighting. The full basement has 2 updated hot water tanks, good furnaces, updated electrical wiring and more. Come check out 1583 Victoria today!

1583 Victoria Avenue, Lakewood
$635,000
8 Beds ⋅ 4 Baths ⋅ 5221418 MLS
Four units in Lakewood available now! One unit is currently vacant and the other three units are bringing in a combined $4,100 monthly, making this a perfect opportunity for both owner-users and investors! This 4,235 square foot property features four spacious 2 bed / 1 bath units, several with bonus rooms. Each apartment offers formal dining rooms, decorative fireplaces, attractive hardwood floors, and abundant natural light throughout. There is also plenty of space to relax outside on the expansive, two-story front porch. The interiors have been thoughtfully updated with modern finishes, including renovated kitchens and baths and stainless-steel appliances. The building has undergone extensive improvements: a brand-new two-story rear porch, new front porch columns and flooring, three newer water heaters, two new furnaces, upgraded electric panels, and re-piping as needed. Additional property highlights include five off-street parking spaces at the rear of the property and coin-operated laundry in the shared basement for extra income (roughly $25-50 per month). Most major improvements are complete, leaving a new owner to benefit from stable income and reduced maintenance obligations. The location adds to the appeal, surrounded by Lakewood’s top amenities, restaurants, and grocery options. Call or text today for a showing!

1323 Beach Avenue, Lakewood
$374,000
5 Beds ⋅ 2 Baths ⋅ 5215906 MLS
5 Bedroom multi-family in a desirable location in Lakewood. This home boasts recently updated kitchens and baths in both units. The upper unit has an additional large, third floor bedroom. Kitchens include granite or quartz counters, soft close cabinets, SS appliances and modern lighting. You will stay cool with central a/c throughout. Windows are newer vinyly, furnaces are 2016, H2O tanks are 2020 and 2025. Age of roof unknown. It includes a nice driveway, newer 2 car garage and fenced in back yard. Both units are rented. It is close to Detroit Ave with many conveniences nearby.

1479 Hopkins Avenue, Lakewood
$350,000
6 Beds ⋅ 3 Baths ⋅ 5219040 MLS
Side-by-side Lakewood duplex with one side leased and the other available for an owner-occupant or investor. Live in one side and have rental income help offset your payment, or lease both units and add a solid property to your portfolio. Located in the heart of Lakewood, just steps from the city's vibrant shopping, dining, and entertainment destinations, Edgewater Beach, schools, and a short commute to Downtown Cleveland with easy access to OH-2 and I-90. Each unit features a front and side porch, 3 bedrooms, an updated full bath, living and dining rooms, and an updated kitchen with granite countertops and tile backsplash. One of the units has 1.5 baths. Both units also offer dedicated basement laundry, attic storage, and additional basement storage space. There is a 2-car garage with additional parking pad. SOME OF THE RECENT UPDATES include: Replaced roof (approx 2024), furnace - north unit (2026), A/C & electrical panels - both units (approx 2017-2018), all kitchen appliances (less than 10 years), updated both unit kitchens & bathrooms (approx 2016), and more. INCLUDED are ALL kitchen appliances and washers/dryers.

1415-1417 Lakewood Avenue, Lakewood
$345,000
5 Beds ⋅ 3 Baths ⋅ 5218178 MLS
Turnkey 3-unit investment in highly desirable Lakewood! 5 bedrooms, 3 baths, 3,108 sq ft total. Unit 1: 2BD/1BA, Unit 2: 2BD/1BA, Unit 3: 1BD/1BA. Recent updates include new flooring, fresh interior/exterior paint, new windows in living rooms and bedrooms, and updated fixtures throughout. Prime location near Lucky's Market, Edgewater Beach, and Starbucks. Tenant pays gas and electric; owner covers water, sewer, and trash. One unit currently vacant — great owner-occupy or investment opportunity. Delivered POS compliant

1279 Idlewood Avenue, Lakewood
$347,000
4 Beds ⋅ 2 Baths ⋅ 5212999 MLS
Well maintained and wonderfully located Lakewood duplex. Cook is a quiet street but convenient to many retail businesses. Each floor offers 2 bedrooms and 1 full bathroom with a 3rd floor that can be used for extra living space or a 3rd bedroom. You will appreciate the fenced in back yard, roomy 2 car garage and a front porch for both units. Other features include vinyl windows, vinyl siding, newer drive, roof less than 20 yrs old (according to previous owner), updated electric and more. Both furnaces 2015 and both hot water tanks are 2023. 2.4 miles from I-90

1200 Cook 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
$350,000
4 Beds ⋅ 2 Baths ⋅ 5210194 MLS
Located in the heart of vibrant Lakewood, this duplex offers the perfect opportunity for both investors and future owner-occupants alike. Top unit is vacant and downstairs is the tenant occupied, providing immediate rental income with the flexibility for an owner occupant to move in or for an investor to set market rents. This property features mechanical updates including updated electrical and a newer furnace, helping provide peace of mind for years to come. Each unit offers strong rental appeal in one of Northeast Ohio’s most sought-after communities, known for its walkability, local restaurants, coffee shops, parks, and quick access to downtown Cleveland. Whether you’re looking to expand your portfolio, house hack, or secure a versatile property in a high-demand location, this duplex checks all the boxes.

1575 Orchard Grove Avenue, Lakewood
$389,000
4 Beds ⋅ 2 Baths ⋅ 5208043 MLS
LAKEWOOD - 2 HOUSES ON 1 LOT! Great location, close to all Lakewood amenities. FRONT HOUSE: Newly renovated features a large front porch, 3 bedrooms and 1 full bath. Super cute kitchen with tile backsplash and new countertops. 3 bedrooms second floor with full bath, a finished 3rd floor. New LVP flooring throughout. New windows throughout. Full unfinished basement with new furnace and HW tank, laundry hook ups. BACK HOUSE: is a cottage type home with 2 beds and 1 full bath. Main floor has a full kitchen, living and dining area. Second floor 2 bedrooms, and a full bath. Full unfinished basement with laundry hook ups. The back house roof is approximately 5 yrs. A large back yard is ready for your own personal touch. Front house is vacant. The back house is leased at below market value with long term month 2 month tenants. Front house is available to view. Do not disturb back house tenants. This is a great investment opportunity - or live in 1 house and rent out the other. Madison Park is your backyard, walking distance to shops and entertainment.

2016 Halstead 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
$380,000
5 Beds ⋅ 2 Baths ⋅ 5198434 MLS
Excellent opportunity to own a multifamily property in the highly desirable Lakewood market! Located at 1364 Cranford this duplex offers 2 units. The first-floor unit is 3 bedrooms 1 bath, generous living room with formal dining room. The second-floor units feature 2 bedrooms and 1 bath, a generous living room with a formal dining room. The back of the house has a large parking pad with plenty of parking for both units. Positioned in a prime location with walkability to shops, restaurants and quick access to downtown Cleveland, Edgewater park and major highways. Whether you are looking to expand your portfolio or house-hack as an owner occupant this property offers excellent potential in one of the most sought after rental markets.

1363 Cranford 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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