1246 Cook Avenue
Lakewood, OH 44107
- 5 beds
- 3 baths
- 3,022 sqft
- $155 per sqft
- 1920 build
- – on site
Prepare to be moved! Discover an outstanding investment opportunity at 1246 Cook Avenue in Lakewood—a spacious and well-maintained triplex offering 3,022 square feet of living space across three updated units. This income-generating property is perfect for investors seeking immediate returns and long-term value or owners looking to offset their mortgage with rental income. The first-floor unit features 1,306 square feet and includes two bedrooms, one full bathroom, and a versatile bonus room ideal. This unit is currently occupied by a tenant through July 1st, offering immediate rental income. The second-floor unit, also updated, includes 1,144 square feet of living space with two bedrooms, one bathroom, and a similar bonus room layout that enhances tenant appeal. This unit will be occupied by a tenant through July 10th. The third-floor unit is a charming 575-square-foot studio, complete with a full bathroom and a private top balcony—perfect for capturing rental demand from young professionals or short-term tenants. This unit's tenant has a lease in place through August 17th. The total rental income from all three units equals $3900 with ample potential for increased income over time. All three units have been thoughtfully updated with newer appliances, modern flooring, stylish vanities, and contemporary lighting. Recent improvements to the property include a newer roof and gutters (2017), a waterproofed basement with sump pump (2024), central air conditioning in units 1 and 2 (2019), and 2 newer hot water tanks (2023). Outdoor features include a partially fenced yard with a patio area for recreation, a two-car detached garage, and a paved driveway that provides ample off-street parking. Situated close to Lakewood Park and within walking distance of the city’s vibrant dining, shopping, and entertainment scene, this triplex combines excellent location, updated features, and immediate rental income —making it a smart addition to any real estate portfolio.
Last checked:
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Last updated May 9, 2025
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MLS# 5119050 —
The Building
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Year Built:1920
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Year Built Source:PublicRecords
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Construction Materials:VinylSiding,WoodSiding
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Levels:ThreeOrMore
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Stories:3
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Roof:Asphalt,Fiberglass
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Basement:Full,SumpPump
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Basement:true
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# of Buildings:1
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Above Grade Finished Area:3022.0
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Above Grade Finished Area Source:Assessor
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Below Grade Finished Area Source:Assessor
Interior
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Rooms Total:13
Room Dimensions
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Living Area:3022.0
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Living Area Units:SquareFeet
Location
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Directions:Clifton to Cook Ave.
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Latitude:41.489251
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Longitude:-81.800806
The Property
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Parcel Number:312-13-012
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Lot Size Acres:0.109
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Lot Size Area:0.109
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (440) 617-2500
- Office phone:
- (440) 892-2211
Taxes
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Tax Year:2024
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Tax Legal Description:22 LKPK 0055 ALL
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Tax Annual Amount:$9,336.36
Beds
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Bedrooms Total:5
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Listing Terms:Cash,Conventional,FHA,VaLoan
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Home Warranty:false
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:ForcedAir,Gas
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Dryer,Dishwasher,Range,Refrigerator,Washer
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Laundry Features:None
Schools
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Elementary School District:Lakewood CSD (Cuyahoga)- 1817
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Middle School District:Lakewood CSD (Cuyahoga)- 1817
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High School District:Lakewood CSD (Cuyahoga)- 1817
The Community
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Pool Private:false
Parking
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Garage:true
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Attached Garage:false
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Garage Spaces:2.0
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Carport:false
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Parking Features:Driveway,Detached,Garage,Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/6/25
May 6, 2025
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Pending | MLS_NOW | $469,000 | |
|
5/1/25
May 1, 2025
|
Listed / Active | MLS_NOW | $469,000 | |
|
5/11/23
May 11, 2023
|
Sold | MLS_NOW |
