Vision Sales Team

1298 Nicholson Avenue

Lakewood , OH 44107

MLS#: 4466598

$389,500

Status: Closed
Listing number: 4466598
Listing provided by: Keller Williams Citywide
Listing agent phone: None
Last update: 1 year, 11 months ago
Browse Properties
Lakewood Park - Residential Income

Property

Beds

4

Full Baths

2

1/2 Baths

None

Year Built

1914

Sq.Footage

2,469

Why spend 500k and a large mortgage on a non income producing property? Time to think about a property that pays your mortgage and then some! Large, very well maintained 2 unit for sale! Fantastic location in the heart of Lakewood within walking distance to lake, schools, parks, shopping and entertainment. Lots of work done last 18 months. New windows throughout, new kitchen floors, newer appliances, hardwood floors. It has a detached two car garage and a large lot for family and friends to relax and enjoy. The first and second floor are identical plan, having a living room, a dining room with a bonus sunroom and a kitchen with an extra storage room. Both units have hardwood floors in the living room, dining room and bedrooms. The first floor kitchen has cherry cabinets with Corian countertops and sink together with stainless steel appliances. Each unit has a large front porch to entertain or enjoy the change of seasons. There is a large walk-up attic that can be turned into a thir

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Above Grade Finished Area

    2469.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Vinyl Siding

  • Parking

    Detached, Garage, Paved

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1791

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $389,500

  • Tax Amount

    6126.0

  • Sq. Footage

    2, 469

  • Price/SqFt

    $157

HOA

  • Association

    No

School District

  • Elementary School

    Lakewood CSD (Cuyahoga)- 1817

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Cuyahoga

Elementary School

Lakewood CSD (Cuyahoga)- 1817

Middle School

High School

Listing Courtesy of Ricky Donovan , Keller Williams Citywide

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TamiReiss

AGENT

TamiReiss

Call Tami today to schedule a private showing.

(330) 338-6293

Tami@VisionSalesTeam.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Why spend 500k and a large mortgage on a non income producing property? Time to think about a property that pays your mortgage and then some! Large, very well maintained 2 unit for sale! Fantastic location in the heart of Lakewood within walking distance to lake, schools, parks, shopping and entertainment. Lots of work done last 18 months. New windows throughout, new kitchen floors, newer appliances, hardwood floors. It has a detached two car garage and a large lot for family and friends to relax and enjoy. The first and second floor are identical plan, having a living room, a dining room with a bonus sunroom and a kitchen with an extra storage room. Both units have hardwood floors in the living room, dining room and bedrooms. The first floor kitchen has cherry cabinets with Corian countertops and sink together with stainless steel appliances. Each unit has a large front porch to entertain or enjoy the change of seasons. There is a large walk-up attic that can be turned into a thir

1298 Nicholson Avenue

Message successfully sent.

What would you like to know?

Related Properties

Welcome to this charming duplex in Prime Lakewood Location - Upper Unit is move-in or rent ready. This well-maintained property is brimming with timeless character boasting modern updates and is located on a quiet tree lined streets in one of Lakewood's most desirable locations. The lower unit is currently occupied by a long-term tenant, providing immediate rental income of $1,500/month. The upper unit is vacant and rent ready for the savvy investor or move-in ready for those looking to owner occupy. Each unit, featuring spacious rooms, fresh paint (upper unit), and beautiful hardwood floors throughout. With two bedrooms (upper unit) and three bedrooms (lower unit), a full bath, a large living room, and dining room with built-ins, this house offers all the charm of a vintage home with the convenience of modern living. Each unit includes separate entrances, utilities, and access to a shared basement with washer/dryer and ample storage. A large front porch and backyard offer inviting outdoor spaces, while off-street parking adds additional convenience. The unfinished third floor, offering incredible potential for added cash flow and/or an expanded upper unit to a two-story suite. Fantastic location just minutes from Birdtown, downtown Lakewood, parks, shopping, dining, and quick access to I-90. Great opportunity to own in one of Northeast Ohio’s most desirable markets!
#5139941

Lakewood

1603 Cohassett Avenue

5 Beds

2 Baths

2,377 Sq.Ft.

$359,000

MLS#: 5139941

Classic Lakewood two-family located on Clifton Boulevard, offering substantial long-term value and income potential in one of the area’s most desirable, high-demand corridors. Built in 1945, this solid investment features two spacious units—each approximately 1,500 square feet—with original architectural details, flexible layouts, and bonus finished third-floor space in each side, ideal for an additional bedrooms, home offices, guest suites, or playrooms. Both units offer large living areas, high ceilings, hardwood floors, and separate utilities. The building sits on an oversized lot with a deep backyard and off-street parking—features that are in demand and hard to find along Clifton. Just minutes from Lakewood Park, the Solstice Steps, and the Cleveland Metroparks’ Edgewater Park, the location offers exceptional lifestyle appeal. Residents enjoy walkability, bikeability, and easy access to public transit, downtown Cleveland, and the vibrant neighborhoods along Detroit and Clifton. Nearby rentals of similar size and style are achieving $2,000–$2,800 per unit depending on condition and finish level. With targeted improvements, this property has strong potential to deliver competitive rents and long-term equity growth. Investors are encouraged to evaluate based on their own strategies and projections. It’s also a great opportunity for first-time homebuyers looking to offset their mortgage with rental income. Live in one unit while leasing the other, then convert it to a full investment property down the road when your needs change. The finished third-floor spaces add flexibility and make this an ideal setup for growing households or long-term portfolio planning. Properties with this kind of location, scale, and potential rarely come to market. Schedule your showing at 12224 & 12226 Clifton Blvd and explore how this asset can work for you.
#5130873

Lakewood

12224 Clifton Boulevard

10 Beds

2 Baths

4,468 Sq.Ft.

$350,000

MLS#: 5130873

Welcome to Elbur Avenue! This updated Lakewood triplex is the perfect blend of charm and modern convenience, featuring three spacious 2-bedroom, 1-bath units. A fully occupied property, it offers immediate rental income in one of Lakewood’s most desirable neighborhoods. Recent updates make ownership worry-free, including a new hot water tank installed in June 2025, new HVAC and appliances added in 2022, new A/C window units in the first and third units since mid-2023, and an updated upper portion of the porch roof. Each unit offers bright, comfortable living spaces with functional layouts, generous bedrooms, and a balance of original Lakewood character alongside modern updates. Outside, the classic front porch and tree-lined street add to the home’s curb appeal, while the location keeps tenants close to Lakewood’s shops, restaurants, parks, and easy highway access. This is a rare opportunity to acquire a turnkey, income-producing triplex in a sought-after community.
#5151354

Lakewood

2077 Elbur Avenue

6 Beds

3 Baths

2,160 Sq.Ft.

$399,000

MLS#: 5151354

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, 1,030 sq. ft, 2 bed, 1 bath currently rented at $1,500/month. The upper unit spans the second and third floors and lives like a single-family home with 3 bedrooms and 2 full baths. The upper unit is approximately 1,530 sq. ft and is rented for $1,765/month. 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.
#5115368

Lakewood

1542 Westwood Avenue

5 Beds

3 Baths

2,040 Sq.Ft.

$427,500

MLS#: 5115368

Welcome to this fantastic opportunity to invest in much sought after Lakewood! Updated units, hot water tanks 2020, roof 2021, windows 2020, electric panels. Rebuilt porches.
#5127805

Lakewood

15018 Hilliard Road

4 Beds

2 Baths

N/A

$350,000

MLS#: 5127805

Charming Duplex in the Heart of Lakewood, Ohio Welcome to your new home in the vibrant community of Lakewood! This charming duplex offers the perfect blend of modern comfort and classic architectural appeal. This very well maintained property is situated in a prime location, you'll enjoy easy access to local amenities, parks, and entertainment options. Huge opportunity to cash flow in Lakewood or House hack!
#5132924

Lakewood

2204 Lewis Drive

4 Beds

2 Baths

1,848 Sq.Ft.

$375,000

MLS#: 5132924

None
#5134919

Lakewood

1415-1417 Olivewood Avenue

6 Beds

4 Baths

N/A

$399,900

MLS#: 5134919

Incredible investment opportunity in the heart of Lakewood—one of Cleveland’s most sought-after neighborhoods! This beautifully maintained triplex currently generates $2,365 per month, with one vacant unit that could bring in an additional $1,500/month. The property features three spacious, sub-metered units—perfect for savvy investors or owner-occupants looking to house hack and offset their mortgage. The vacant first-floor unit is a 1,044 sq. ft. 2-bed, 1-bath. The second-floor unit, also 1,044 sq. ft. with 2 beds and 1 bath, is rented for $1,465/month. The third-floor unit is a charming 596 sq. ft. 1-bed, 1-bath leased at $900/month through August 31, 2025. Each unit boasts stunning hardwood floors, fully renovated kitchens with stone countertops and brand-new cabinetry, and fresh, modern paint throughout. Recent upgrades enhance both style and efficiency, making this property truly turnkey. Enjoy the convenience of a detached 2-car garage and the charm of a vibrant, walkable community just minutes from dining, shopping, and downtown Cleveland.
#5115370

Lakewood

16601 Hilliard Road

5 Beds

3 Baths

2,544 Sq.Ft.

$439,900

MLS#: 5115370

This 1920 duplex is newly painted, has a 12 year old roof and cement driveway. A two car garage with new garage doors. Vinyl windows, new gutters all around. All appliances washers and dryers stay. Rents are low due to long time tenants. Rents are Down $850, and up $1025 Eden contract. Property being sold AS IS.
#5147894

Lakewood

1277-1279 Fry Avenue 2

4 Beds

2 Baths

2,868 Sq.Ft.

$349,900

MLS#: 5147894

Welcome to 2079-2081 Wascana Ave, a beautifully cared-for Lakewood double that blends timeless craftsmanship with thoughtful updates. This home offers rare flexibility, whether you’re searching for a strong investment or a place to live while offsetting your mortgage. Inside, rich woodwork, coffered ceilings, crown moldings, and charming built-ins speak to the character of the era, while custom cabinetry, recessed lighting, and elegant chandeliers bring a modern touch. Both units enjoy their own front and back porches, an ideal spot to soak in the final stretch of summer evenings. The main floor offers a spacious two-bedroom, one-bath unit with hardwood floors and plenty of natural light. The second unit features a generous three-bedroom, two-bath layout extending to the third floor, where a stylishly tiled bathroom with glass shower surround creates a private retreat. Each unit is equipped with stainless steel appliances, adding convenience to classic charm. The property also features a spacious two-car garage and a newer driveway with extended parking pad all in excellent condition. A clean basement provides shared laundry with two washers and dryers, along with folding space to keep everything organized. Located just moments from Lakewood’s vibrant dining and shopping districts, Lakewood Park, The Solstice Steps, and quick highway access to downtown Cleveland, this property sits in a highly desirable spot. With leases already in place and flexibility ahead, it’s an opportunity that appeals to both seasoned investors and first-time buyers alike.
#5149917

Lakewood

2079-2081 Wascana Avenue

5 Beds

3 Baths

2,132 Sq.Ft.

$449,900

MLS#: 5149917

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here