19 hours on Rocket
$4,156 Closing Credit¹
#5118367, David Bonnie, Listing Office: Sara J. Bonnie, Broker
$432,500 List price
1542 Westwood Ave Lakewood, OH 44107
$5,136
Closing credit¹
5 beds
3 full
2,040 sqft
0.1 acres
$212 / sqft
Multi-Family
Property details
About 1542 Westwood Ave
Investor or owner-occupant opportunity! This incredible, oversized duplex in the heart of Lakewood offers flexibility and strong returns, just steps from the city’s best bars, restaurants, and entertainment. The first-floor unit is a well-maintained 2 bed, 1 bath currently rented at $1,385/month, with the ability to increase to $1,500–$1,600 at lease renewal on 7/31/25. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths—rented for $1,765/month through 6/30/25. Ideal for house hacking or maximizing rental income, this property features a brand-new roof (October 2024), a fully renovated upstairs unit including a new kitchen, two bathrooms, and third bedroom, plus updated appliances in both units and new basement laundry for tenants. Whether you're seeking a high-performing investment or a chance to live in one unit while renting the other, this Lakewood gem delivers on all fronts. *Note: Owner states that there are 5 bedrooms and 3 bathrooms and the county auditor website states that there are 4 bedrooms and 2 bathrooms.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size2,040 sqft
BasementYes
Lot size0.1019 Acres
Year built1916
ParkingDetached, Garage, Paved
MLS #5115368
Garage2 spaces
Summary
- Full Bathrooms: 3
- Basement: Yes
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Detached, Garage, Paved
- Heating: Forced Air
- Cooling: None
- List Price: $432,500
- Price/SqFt: $212
- Annual Tax Amount: $5,774
- Tax Year: 2023
- Directions: South of Detroit Ave
- Year Built: 1916
- Living Area: 2,040 SqFt
- Lot Size: 0.1019 Acres
- MLS Number: 5115368
- MLS Name: NOWDD
- Office Name: Russell Real Estate Services
- Office Phone: (216) 870-8687
- Office Email: tal@premierclevelandinvesting.com
- Listing Agent: Tal Tamir
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: 5/1/2025, 7:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$432,500
1542 Westwood Ave
$5,136
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 15, 2020 | Home Sold | $255,000 |
| Jul 26, 2019 | Home Sold | $215,000 |
| Jan 28, 2011 | Home Sold | $106,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $75,260 | $5,774 |
| 2022 | $75,260 | $5,812 |
| 2021 | $75,250 | $5,757 |
| 2020 | $49,630 | $4,343 |
| 2019 | $49,630 | $4,263 |
| 2018 | $49,630 | $4,194 |
| 2017 | $38,570 | $3,589 |
History based on county public records data.
Nearby schools
7
Grant Elementary School
Public District KG-5
0.3 mi
•1470 Victoria Ave
8
Lincoln Elementary School
Public District PK-5
0.7 mi
•15615 Clifton Blvd
6
Hayes Elementary School
Public District PK-5
0.7 mi
•16401 Delaware Ave
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 $65,199. The majority of Lakewood, OH residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
23%
<35k
57%
35k-100k
20%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
11%
Single, with Kids
24%
Married, No Kids
18%
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
31%
18-34 yrs old
40%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Tennis- Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Crate & Barrel
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Starbucks
The Cheesecake Factory
Jack In The Box
What do the neighbors drive?
BMW
Volvo
Audi
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
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This home is located at 1542 Westwood Ave in Lakewood, OH and zip code 44107. This 2,040 square foot home, which was built in 1916, sits on a 0.10 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $432,500.
While more than 19 listings in Lakewood, OH in March 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 16 were sold below. Between February and March 2025, Lakewood, OH real estate market has seen increase in the number of listings by 18.9%. While the average time on the market in March 2025 was 54 days, the median list price was $315,000.
From Rocket Homes Real Estate and based on county public records data.