Date
Details
Price
Change
Source
10/06/2025
Sold
$295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Welcome to 1557 Newman Ave - a fully renovated duplex offering incredible income potential and flexibility. With the lower unit previously rented at $1,300/month and the upper unit projected to earn $1,800+/month, this property easily fits the criteria for investors seeking strong returns. It's also perfect for owner-occupants looking to offset a mortgage with rental income, or those wanting to convert it into a spacious single-family home. The property features 5 bedrooms and 3 full baths in total: a 2-bed/1-bath unit on the first floor and a large 3-bed/2-bath unit spanning the second and third floors. The upper unit includes an updated kitchen and a brand-new third-floor bathroom with new stairs. Recent upgrades (2023-2024) include: All new appliances New flooring throughout both units New front porch and upper balcony Fresh exterior paint New gutters and entry doors Majority of windows replaced Located in a desirable, walkable Lakewood neighborhood near parks, dining, and RTA transit, this turnkey property requires minimal maintenance and is poised for immediate cash flow.
Full Property Details
Full Property Details for 1557 Newman Ave
General
- Sold For: $295,000
- Taxes: $4,516 (2024)
- Status: Closed
- Type: Duplex
- Source: 505
- MLS ID: 5113652
- Added to Site: 94 day(s) ago
Interior
- Appliances: Dryer, Microwave, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: On Street
Location
- County: Cuyahoga
- Township: Lakewood
- Subdivision: Newman
- Driving Directions: Exit 166 from I-90, turn north on W 117th, left on Franklin Blvd, left onto Newman, Duplex on your left
School Information
- Elem School District: Lakewood CSD (Cuyahoga)- 1817
- Midd School District: Lakewood CSD (Cuyahoga)- 1817
- High School District: Lakewood CSD (Cuyahoga)- 1817
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt, Fiberglass
- Square Feet: 1,980
- Living Area: 1,980 Sq. Ft.
- Finished Above Grnd: 1,980 Sq. Ft.
- Year Built: 1908
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.07
- Lot Size: .07
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $4,516.2
- Tax Year: 2024
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 21 NEWMAN 0034 SWP
- Property ID: 315-14-068
Listed by RE/MAX Traditions, Michael Jones
Sold by Berkshire Hathaway HomeServices Professional Realty, Luke G Freshour
Listing agent
— 1557 Newman Ave —
Michael Jones
RE/MAX Traditions
michaelpajones@gmail.com, 440-714-5755
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1557 Newman Ave
School District:Lakewood City School District
| Name | Grades | Distance |
|---|---|---|
Harrison Elementary School, Lakewood, OH 2080 Quail Street, Lakewood, OH 44107 | PK-5 | 0.4 mi |
Garfield Middle School, Lakewood, OH 13114 Detroit Avenue, Lakewood, OH 44107 | 6-8 | 0.6 mi |
Lakewood High School, Lakewood, OH 14100 Franklin Boulevard, Lakewood, OH 44107 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1557 Newman Ave
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 2,191Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,810Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,916Sq. Ft.
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 2Total Baths
- 1,978Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 2Total Baths
- 1,820Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
- 1,256Sq. Ft.
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1557 Newman Avenue, Oakwood, OH 44107 (MLS# 5113652) is a Duplex property that was sold at $295,000 on October 06, 2025. Want to learn more about 1557 Newman Avenue? Do you have questions about finding other Duplex real estate for sale in Oakwood? You can browse all Oakwood real estate or contact a Coldwell Banker agent to request more information.