Quick Lakewood OH MLS Search

Browse All Lakewood OH Multi-Family Properties 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

$319,900
5 Beds 2 Baths 5224574 MLS
Magnificent Lakewood duplex! Attention investors & owner-occupants—this exceptional property offers the best of both worlds. Beautifully remodeled first-floor unit is vacant & ready for immediate occupancy or can be rented for top market value, while the occupied second-floor unit helps offset your mortgage w/immediate rental income. This is not your typical rental property—it has been lovingly maintained & meticulously updated over the years, with true pride of ownership evident throughout. Situated in one of Lakewood's most desirable neighborhoods, this solid investment features updated kitchens w/premium quartz & granite countertops, quality cabinetry, modern finishes. Both units offer bright, sun-filled open floor plans w/updated vinyl windows, modern/spacious living areas, & timeless appeal that attracts & retains quality tenants. First-floor unit features 2 bedrooms, while the second-floor unit offers 2 bedrooms plus a finished third-floor bedroom, studio, flex space. Upstairs unit is currently leased month-to-month at $1,700 per month to a quality tenant who would like to remain. Major mechanical updates provide peace of mind, including updated basement improvements (2009), furnaces approximately 4-6 years old, hot water tanks (2014 & 2015), updated electrical service (2008), and a new PVC sewer line from the house to the street (2020). Separate gas and electric meters keep operating costs efficient, plus the washer and dryer are included. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property is a rare opportunity in sought-after Lakewood. The vacant first-floor unit is available for showings. The occupied second-floor unit may be viewed upon acceptance of an offer.

1559 Hopkins 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

$240,000
6 Beds 2 Baths 5203363 MLS
Investment opportunity in the heart of Lakewood’s Birdtown neighborhood. This fully occupied duplex offers immediate income with both 3-bedroom, 1-bath units currently rented at $1,400 per month, generating $2,800 in monthly income and $33,600 annually. With strong rental demand in a prime Lakewood location, this property presents an excellent opportunity for investors seeking a cash-flowing asset with upside potential. The left unit has already seen several key improvements, including new windows, a complete kitchen remodel, a complete bathroom remodel, all new flooring, fresh paint, and new drywall installed on the first floor. Whether you are looking to add to your portfolio or secure a value-add property with long-term potential, this duplex is one worth a closer look. Here’s a slightly more investor-focused version too: Turnkey cash-flow opportunity in Lakewood’s desirable Birdtown neighborhood. This fully occupied duplex features two 3-bedroom, 1-bath units, each currently rented for $1,400 per month, producing $33,600 in annual gross income. With strong rental demand and a sought-after location, this property offers investors immediate cash flow with additional upside through future improvements. The left unit has already been updated with new windows, a full kitchen remodel, a full bathroom remodel, all new flooring, fresh paint, and new drywall on the first floor. A solid addition to any investment portfolio, this property combines current income with value-add potential in one of Lakewood’s most popular rental areas.

1604 Newman Avenue, Lakewood

$390,000
4 Beds 2 Baths 5201506 MLS
Welcome to this meticulously maintained duplex in the heart of Lakewood, offering a rare combination of character, updates, and strong rental potential. This fully tenant-occupied property is ideal for investors looking for immediate cash flow or buyers seeking a future house hack opportunity. Each unit features a spacious layout with two bedrooms and one full bathroom, providing comfortable living spaces that continue to attract and retain tenants. The main floor unit has been thoughtfully updated with a fully remodeled kitchen and bathroom, including a modern tile backsplash, butcher block countertops, updated cabinetry, and a clean, functional design that stands out to today’s renters. A rare highlight for the area, the main floor unit also offers a walk-in closet, adding valuable storage and everyday convenience. Both units enjoy their own inviting front porch, adding charm, curb appeal, and desirable outdoor space for tenants to relax and unwind. The property has been well cared for over time, with mostly updated electrical, adding peace of mind and long-term value. Additional highlights include a full basement with shared laundry, a detached two-car garage, and a private driveway for convenient off-street parking. Situated just north of I-90 between Warren Road and Lincoln, this location offers quick access to shopping, dining, and everything Lakewood has to offer, making it highly desirable for tenants and future occupants alike. With both units currently leased, this is a true turnkey investment with built-in income from day one. Whether you’re expanding your portfolio or looking for a well-maintained multi-family in a prime location, this property is a smart addition.

14420 Delaware Avenue, Lakewood

Start Your Search

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.

Lakewood Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Lakewood and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!