Side-by-Side Duplex with Private
1187 Bonnie Lane Mayfield Heights, OH 44124
New
For Sale
$399,900
MULTI_FAMILY - Mayfield Heights, OH
Property Size3,876 SF
Lot Size0.20 Acres
Price / SF$103.17
Days on Market3
Property Features for 1187 Bonnie Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 3, Basement, Bathroom 1, Laundry Room
Parking features
Garage
Standard status
Active
APN
862-08-021
Size
3,876 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2-17 GDGTEST RE 0025 ALL
Tax Annual Amount
6146
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
McDowell Homes Real Estate Services
(440) 205-2000
Listed By:
Erin Lennon · License #2022005628
(440) 954-2765
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 29 at 11:06AM
MLS# 5231287
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex is designed for privacy, with no shared interior access between the two units. Each unit offers three bedrooms and 1.5 bathrooms, along with an eat-in kitchen and separate living and dining rooms. Both units include a full unfinished basement for storage.
Parking is provided by a detached two-car garage and a private driveway. One unit is currently vacant, while the other is occupied by a long-term month-to-month tenant, offering immediate rental income with flexibility.
A brand-new central air conditioning system was installed in July 2026 for one unit. The property is described as being point-of-sale violation free at closing, supporting a smooth transition.
Parking is provided by a detached two-car garage and a private driveway. One unit is currently vacant, while the other is occupied by a long-term month-to-month tenant, offering immediate rental income with flexibility.
A brand-new central air conditioning system was installed in July 2026 for one unit. The property is described as being point-of-sale violation free at closing, supporting a smooth transition.
Key Highlights
- Side‑by‑side duplex with no shared interior access for added privacy between units
- Built in 1964 with brick construction; roof is asphalt shingle
- Each unit offers 3 bedrooms and 1.5 bathrooms plus an eat‑in kitchen and separate living and dining rooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $12.96 |
| − Vacancy | −$3.3k | −$0.84 |
| EGI | $47.0k | $12.12 |
| − OpEx | −$14.1k | −$3.64 |
| NOI | $32.9k | $8.48 |
3,876 SF · lease $12.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,877 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$411.8K
$360.3K – $480.4K
NOI $28,825 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$729.8K
$638.6K – $851.4K
NOI $51,086 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained side-by-side duplex with private access, unfinished basement storage, and detached two-car garage plus private driveway.
Where is this duplex located?
The property is located at 1187 Bonnie Lane Mayfield Heights, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Side‑by‑side duplex with no shared interior access for added privacy between units; Built in 1964 with brick construction; roof is asphalt shingle; Each unit offers 3 bedrooms and 1.5 bathrooms plus an eat‑in kitchen and separate living and dining rooms
