#5124656, Jenifer Hayes, Listing office: EXP Realty, LLC.
$389,900 List price
1483-1485 Olivewood Ave Lakewood, OH 44107
6 beds
2 full
2,376 sqft
0.08 acres
$164 / sqft
Multi-Family
Property details
About 1483-1485 Olivewood Ave
Unlock an incredible investment opportunity with this well-maintained side by side brick duplex in the heart of Lakewood, Ohio! This property features two sizable units, each with 3 bedrooms and 1 bathroom, totaling 6 bedrooms and 2 bathrooms across approximately 2,400 square feet. Perfect for investors or owner-occupants looking to capitalize on rental income. Key Features: • Assumable mortgage with ~$208,000 remaining at an attractive 2.25% interest rate, offering significant savings for qualified buyers • Newer roof for low maintenance costs • Updated water tanks on both sides for reliable operation • Previously generated $3,100/month in rental income when fully rented • Potential for rent increases to enhance your return on investment • Prime Lakewood location, close to shopping, dining, and transportation • One side vacant for showing, One side Tennant occupied through August This duplex is a standout choice for immediate cash flow and future growth. The assumable mortgage at a low 2.25% rate provides a rare financing edge, complemented by the newer roof and water tanks that keep repair costs in check. One unit currently rented for $1450, and the other previously rented for $1650 provides $3,100 per month in potential rental income and room to grow, this property promises strong returns.
Highlights
Home typeDuplex
HeatingForced Air, Natural Gas
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Size2,376 sqft
BasementYes
Lot size0.082 Acres
Year built1905
ParkingPaved
MLS #5110016
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 6
- Attached Garage: No
- Private Pool: No
- Parking: Paved
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $389,900
- Price/SqFt: $164
- Directions: South of Detroit
- Year Built: 1905
- Stories: 2
- Living Area: 2,376 SqFt
- Lot Size: 0.082 Acres
- MLS Number: 5110016
- MLS Name: NOWDD
- Office Name: Keller Williams Greater Metropolitan
- Office Phone: (216) 780-7000
- Office Email: patelutp@yahoo.com
- Listing Agent: Uday T Patel
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 4:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
7
Roosevelt Elementary School
Public District KG-5
0.3 mi
•14237 Athens Ave
7
Grant Elementary School
Public District KG-5
0.5 mi
•1470 Victoria Ave
7
Harrison Elementary School
Public District PK-5
0.9 mi
•2080 Quail St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,025. The majority of Lakewood, OH residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
24%
<35k
50%
35k-100k
24%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
54%
Single, No Kids
12%
Single, with Kids
19%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
28%
18-34 yrs old
39%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1483-1485 Olivewood Ave
The listing price of 1483-1485 Olivewood Ave property is $389,900.
The property 1483-1485 Olivewood Ave is a multi located in Lakewood, Ohio, 44107.
Accepting Backup Offers: 1483-1485 Olivewood Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1483-1485 Olivewood Ave are: Roosevelt Elementary School (GreatSchools Rating 7/10), Grant Elementary School (GreatSchools Rating 7/10), Harrison Elementary School (GreatSchools Rating 7/10), Garfield Middle School (GreatSchools Rating 6/10), Harding Middle School (GreatSchools Rating 8/10), Riverside PreK-8 School (GreatSchools Rating 5/10), Lakewood High School (GreatSchools Rating 6/10), Lake Erie International High School (GreatSchools Rating 2/10), John Marshall School of Information Technology (GreatSchools Rating 4/10).
The property 1483-1485 Olivewood Ave is 2,376 SqFt (source: MLS/tax record).
The year of construction for 1483-1485 Olivewood Ave is 1905.
This home is located at 1483-1485 Olivewood Ave in Lakewood, OH and zip code 44107. This 2,376 square foot home, which was built in 1905, sits on a 0.08 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $389,900.
In June 2025 more than 29 listings in Lakewood, OH were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 17 were sold below. In June 2025 in Lakewood, OH there were equal homes for sale than in May. Listings spent 31 days on the market in June 2025, and had a median list price of $317,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.