1497 Coutant Avenue Lakewood, OH $ 600,000
1497 Coutant Avenue
$ 600,000
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1497 Coutant Avenue

Lakewood, OH, 44107
$ 600,000
Bedrooms8 Baths4.0 Sq 4,000

Monthly Estimate*

$ 3,788

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Multi-Family Home for sale in Lakewood, OH

for $600,000 with 8 bedrooms and 4 full baths. This 4,000 square foot home was built in 1916 on a lot size of 0.2672.

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!

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Multi-Family Active

Price

$ 600,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 9,937

Style

Lot Size

0.2672

Year Built

1916

Town/City

Lakewood

County/Region

Cuyahoga

MLS | Web ID

5227228

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Possession Delivery Of Deed
Roof Flat
Garage Spaces 4
Construction Materials Brick
Year Built 1916
Stories Count 2
Township Lakewood
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Cuyahoga
Property Type Residential Income
Attached Garage false
Subdivision Name Hiram M & C B Townsends Allot
Garage Y/N true
Full Baths 4
Status Active
Directions Between Detroit Ave and Franklin Blvd
City Lakewood
High School District Lakewood CSD (Cuyahoga)- 1817
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 9937
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Lakewood CSD (Cuyahoga)- 1817
Elementary School District Lakewood CSD (Cuyahoga)- 1817
Year Built Source Public Records
Property Sub Type Additional Quadruplex
Legal Description 21 IRVINE TOWNSEND S/L 16 SWP & 16 SEC& 17 ALL BUT NWC 18 ALL0017 WP
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Interior
Basement Full Unfinished
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 4000
Half Baths 0
Total Bedrooms 8
Main Level Bathrooms 0
Above Grade Finished Area Source Owner
Total Baths 4
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Exterior
Parking Features Garage
Water Source Public
Lot Size Area 0.2672
Number of Buildings 2
Lot Size Acres 0.2672
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Armani Adames

Listing Agent

Re/Max Above & Beyond

Broker

adamesarmani.aa@gmail.com

Email

Affordability Calculator

$4,617
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,788
Monthly Property Taxes
$828
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457945 Elementary School
4458065 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$600,000 Listed Price

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1497 Coutant Avenue, Lakewood, OH, 44107 is a Multi-Family Home for sale at $600,000 with 4,000 sqft and a lot size of 0.2672. 1497 Coutant Avenue has 8 bedrooms, 4.0 baths, and was built in 1916. The property's zip code is 44107 which is in Lakewood, OH