Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Walter Gibler
Agency Phone: 513-321-9944
Shown By
Agent Name: Meyer & Dial
Agent Phone: (614) 340-9660
Agency Title: Cutler Real Estate
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Property Description
Turnkey Cash-Flowing Duplex bringing in over $4,625 per month! Incredible opportunity to own a fully renovated, income-producing property generating $55,500 annually in gross rental income. Both units are fully leased through May 2027, providing immediate cash flow and long-term stability, while tenants pay all utilities, maximizing investor returns. Completely transformed in 2020/2021, this property was gutted down to the studs and extensively renovated, offering peace of mind and minimizing future maintenance concerns. The spacious Unit 1 features 3 bedrooms and 1 full bathroom, while Unit 2 spans the second and third floors and offers 4 bedrooms and 2 full bathrooms, creating strong rental demand and excellent income potential. Four parking spots in the backyard! Whether you're expanding your portfolio or looking for a turnkey investment with stable tenants already in place, this property checks all the boxes!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 3
Fireplaces: 0
Heating: Gas
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $6,440
Year Built: 1912
Amenities
Porch
Feature Descriptions
Exterior: Brick
Fireplace Features: None
Foundation: Block
Gas: Natural
Parcel #: 651-0057-0030-00
Parking: Off Street, Onstreet, Driveway
Sewer: Public Sewer
SQFT Basement: 1036
Total Buildings: 1
Units: 2
Water: Public
Window Features: Wood
Local Schools
School District: Norwood
Estimate Your Payment
Estimated Payment
$ 3,521.73 per month $2,824.65 Principal & Interest $536.67 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
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1988 Lexington Avenue | MLS# 1881211
This multi-family property located at 1988 Lexington Avenue, Norwood, OH 45212 is currently listed for sale with an asking price of $550,000. Lexington Avenue is located within the Norwood school district. Search Norwood real estate on www.meyeranddial.com today.