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4 Beds
2 Baths
1,930 sqft

$329,900

2054 Magee Street, Lakewood OH, 44107

Price per sqft$170.93
Built in1893
Property size1,930 sqft
Property typeMulti-family

Overview

Active

Listed Aug 6, 2026

Updated 7 days ago

Completely renovated Lakewood duplex with two rental-ready units, each offering approximately $1,500/month in projected rental income. This turnkey property is the perfect opportunity for an owner-occupant looking to live in one unit while generating rental income from the other, or for an investor seeking a low-maintenance addition to their portfolio. Nearly every major component has been updated in 2026, making this a truly move-in-ready investment. The upper unit features a new furnace, hot water tank, windows, fresh paint, new carpet on the stairs, updated kitchen with new base cabinets, countertop, sink and faucet, plus an updated bathroom with a new sink, faucet and toilet. The lower unit offers a new furnace, hot water tank, windows, doors, kitchen cabinets, carpet throughout, drywall ceilings, ceiling fans, lighting, fresh paint, updated bathroom vanity and mirror, renovated mudroom with new drywall and flooring, and a new exterior door. The exterior has also been extensively improved with new vinyl siding, new window sills and trim, all new gutters, and a new rear roof. The basement has been waterproofed along the south wall for added peace of mind. Completing the property is a brand-new 20' x 24' detached garage featuring a new footer, concrete slab and apron, insulated 16x 7 overhead door, man door, roof, and matching siding and trim. Conveniently located within walking distance to shopping, restaurants, parks, and everyday amenities, with quick access to I-90 for an easy commute. Whether you're looking to offset your mortgage with rental income or expand your investment portfolio with a beautifully updated duplex, this property is one you won't want to miss! Previously bank owned. Prior year taxes refected upon assessments added and paid at closing. No known current assessments

$2,195/mo

Est. mortgage payment based on a $329,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5233983

Interior Features

Bedrooms
4
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$4,592
Tax Frequency
Annually
Garage
Yes

Courtesy of Russell Real Estate Services

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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