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$450,000 Just Listed
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Property Description
Rare opportunity to acquire a fully renovated Lakewood duplex offering over 3,300 square feet of living space and exceptional rental potential. Renovated in 2022, this property features updated finishes throughout, including granite countertops, stainless steel appliances, modern tile showers, and numerous mechanical improvements. The first-floor unit offers 3 bedrooms and is currently occupied on a month-to-month basis at $1,400 per month. The expansive upper unit encompasses both the second and third floors, offering 4-5 bedrooms and was previously rented for $2,100 per month, with potential for increased rental income in today's market. Whether you're looking to owner-occupy or maximize cash flow, the vacant upper unit provides immediate flexibility. Additional improvements include updated HVAC systems installed in 2018/2019. The property is Point of Sale compliant, allowing a buyer to focus on operations rather than deferred maintenance. Located in one of Northeast Ohio's most sought-after rental markets, residents enjoy easy access to Lakewood's vibrant restaurant scene, shopping, parks, nightlife, and convenient access to Downtown Cleveland. Opportunities to acquire a renovated, large-format duplex in this location are increasingly difficult to find. Ideal for investors seeking strong rental demand or owner-occupants looking to offset their mortgage with rental income. Absolutely no seller financing, no wholesale contracts, END BUYERS ONLY.
Full Property Details
Full Property Details for 1631 Waterbury Rd
General
- Price: $450,000
- Taxes: $5,927 (2024)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5193425
- Updated: 5/30/2026
- Added to Site: Today
Interior
- Number of Rooms: 14
- Interior Features: Ceiling Fan(s), Crown Molding, Granite Counters, Natural Woodwork
- Appliances: Dishwasher, Microwave, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Common Area, Lower Level
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Balcony
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached, Garage
Location
- County: Cuyahoga
- Township: Lakewood
- Subdivision: Waterbury Heights
- Driving Directions: In between Madison & Franklin
- Direction Faces: West
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
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt, Fiberglass
- Stories/Levels: 3
- Square Feet: 3,347
- Living Area: 3,347 Sq. Ft.
- Finished Above Grnd: 3,347 Sq. Ft.
- Year Built: 1919
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.155
- Lot Size: .155
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $5,927
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Legal Description: 21 WATBHTS 0020 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 315-06-156
Listed by Keller Williams Living, Michael L Magno
Get Pre-Approved Today
Schools
Schools serving 1631 Waterbury Rd
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 | 0.5 mi |
Lakewood High School, Lakewood, OH 14100 Franklin Boulevard, Lakewood, OH 44107 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1631 Waterbury Rd
Date
Details
Price
Change
Source
5/30/2026
Listed
$450,000
11.11%
MLS
10/04/2024
Sold
$405,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1631 Waterbury Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,936
—
$90,380
67%
2023
$5,936
42%
$54,080
—
2022
$4,177
1%
$54,080
—
2021
$4,137
-19%
$54,080
-7%
2020
$5,085
2%
$58,100
—
2019
$4,992
—
$58,110
—
2018
$4,986
21%
$58,110
33%
2017
$4,128
1%
$43,680
—
2016
$4,100
—
$43,680
—
2015
$4,100
—
$43,680
4%
2014
$4,103
3%
$42,000
—
2013
$3,996
—
$42,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1631 Waterbury Rd
1631 Waterbury Road, Oakwood, OH 44107 (MLS# 5193425) is a Duplex property with 7 bedrooms and 2 full bathrooms. 1631 Waterbury Road is currently listed for $450,000 and was received on May 30, 2026. Want to learn more about 1631 Waterbury Road? 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.

