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1323 Beach Ave, Lakewood, OH, 44107

8beds
4baths
4,235sqft
$635,000
$150price/sqft
$4,920/moest. monthly cost
$196,800/yrincome needed

About This Home

Four units in Lakewood available now! One unit is currently vacant and the other three units are bringing in a combined $4,100 monthly, making this a perfect opportunity for both owner-users and investors! This 4,235 square foot property features four spacious 2 bed / 1 bath units, several with bonus rooms. Each apartment offers formal dining rooms, decorative fireplaces, attractive hardwood floors, and abundant natural light throughout. There is also plenty of space to relax outside on the expansive, two-story front porch. The interiors have been thoughtfully updated with modern finishes, including renovated kitchens and baths and stainless-steel appliances. The building has undergone extensive improvements: a brand-new two-story rear porch, new front porch columns and flooring, three newer water heaters, two new furnaces, upgraded electric panels, and re-piping as needed. Additional property highlights include five off-street parking spaces at the rear of the property and coin-operated laundry in the shared basement for extra income (roughly $25-50 per month). Most major improvements are complete, leaving a new owner to benefit from stable income and reduced maintenance obligations. The location adds to the appeal, surrounded by Lakewood’s top amenities, restaurants, and grocery options. Call or text today for a showing!

Getting Around

69
WalkingSomewhat Walkable
45
TransitSome Transit
69
BikeBikeable

Schools

7/10
5/10
Garfield Middle SchoolGrades 6-80.3 mi
7/10
Lakewood High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1905

Materials

  • Roof: Flat
  • Construction materials: Stone,Vinyl Siding,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Laundry features: Common Area,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Concrete,Storage Space

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area above ground: 4,235

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 4,235
  • Total interior livable area: 4,235 sqft

Property

Details

  • Parcel number: 31233072
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,617 sqft

Parking

  • Parking features: On Site

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,210$38,520
Home Insurance *$256$3,072
Property Taxes $1,000$12,000
Electricity $454$5,450
Total$4,920$59,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$168,685/yr
40% on housing$147,600/yr
45% on housing$131,200/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$150This listing

vs Other Active Listings

Avg $/sqft

ZIP 44107$169
Cuyahoga County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 44107$212
Cuyahoga County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$625,000
2026-06-23Listed for sale$635,000
2025-11-22Listing removed$635,000
2025-10-22Price change$635,000
2025-10-15Listed for sale$650,000
2020-07-16Listing removed$325,000
2020-07-16Listed for sale$325,000
2020-07-15Sold$325,000
2020-06-09Pending sale$325,000
2020-06-03Listed for sale$325,000
2019-01-18Listing removed$750
2018-10-02Listed for rent$750

For Sale by Agent

AgentAlexander Castrey
BrokerageLPT Realty

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