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1576 Wyandotte Avenue, Lakewood, OH 44107

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For Sale

$385,000

4 beds • 3 baths • 2,548 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $151.10
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Prepare to be moved! Welcome to 1576 Wyandotte Ave, Lakewood, OH 44107 - a charming and well-maintained triplex nestled on a quiet street in one of Lakewood's most desirable neighborhoods. This versatile property is currently being utilized as both a short-term and long-term rental, offering a unique opportunity for investors or potential owner-occupants. The first and second floors are actively used as Airbnb rentals, while the third floor is leased to a long-term tenant paying $1,050 per month, with the tenant responsible for all utilities except water and sewer. In 2024, the net operating income was $41,280.84. Furniture can be sold separately. The spacious first-floor unit boasts nearly 1,100 square feet of living space, featuring two comfortable bedrooms and one full bathroom. This level blends modern updates with classic Lakewood character, creating a warm and inviting space that guests love. The second-floor unit, also full of charm, has proven to be a stable and reliable rental, and includes a recently installed furnace (early 2025) and central air conditioning added in June 2022. The cozy third-floor unit is approximately 400 square feet and features one bedroom and one full bath, making it an ideal option for short-term rental income. Each unit reflects a tasteful mix of updated amenities and the timeless appeal that defines Lakewood living. Outside, a small side yard offers a peaceful spot to relax, and a two-car detached garage adds convenience and additional value. The location is superb - just minutes from I-90, with easy access to local restaurants, grocery stores, parks, and only a short drive to beautiful Lake Erie. Whether you're looking for a smart investment or a home with built-in income potential, 1576 Wyandotte Ave is a rare find in a thriving rental market. Lakewood Living, Investor Winning - Triplex with Built-In Income! Please note - the listing agent has ownership in the property.
MLS# 5157315

Courtesy Of Keller Williams Citywide

(440) 892-2211

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Dishwasher, Microwave, Range, Refrigerator
  • Heating System
    Forced Air
  • Lot Size
    0.11 Acres
  • Roof Type
    Slate
  • Rooms
    Laundry Room

Map and Directions

Directions to 1576 Wyandotte Avenue, Lakewood, OH 44107

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† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.