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MULTI_FAMILY - Lakewood, OH
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 acces...
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.
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