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$499,000

1988 Lexington Avenue, Norwood, OH 45212

7 beds
2,562 sqft
Residential Income
Built in 1912
0.17 acres
21 days on market
MLS# 1890243
$195/sqft

About this home

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!

Facts & features

Interior

Bedrooms
7
Square Feet
2,562

Property

Property Type
Residential Income
Year Built
1912
Lot Size
0.17 acres

Listing details

Price
$499,000
Status
Canceled
Days on Market
21
MLS Number
1890243
Listing Agent
Walter Gibler
Brokerage
Coldwell Banker Realty

Features

Style
Multi Family
Basement
Full
Heating
Natural Gas
Cooling
Central Air
Roof
Shingle
Sewer
Public Sewer
Water
Public
Patio
Porch

Location

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