Lakewood Duplex: Spacious Multi-Family
13532 Elbur Lane, Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
Property size:
3,200 SFLot size:
0.19 AcresPrice / SF:
$142/SF- Added:
- Jan 5, 2026
- Days on Market:
- 146
- Last Refresh:
- May 31 at 8:06 pm
Property Features for 13532 Elbur Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
- Parking features
- Garage
- Standard status
- Active Under Contract
- APN
- 315-04-102
- Size
- 3,200 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEC 21 RJBACIK#2 0002 ALL
- Tax Annual Amount
- 11128
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt
Listing agent Inmer Lopez Tobar License #2023005763 (845) 422-2559
Listing office Keller Williams Chervenic Rlty 3810 Starrs Centre Drive, Stow, OH (330) 967-4300
Listing date Jan 5, 2026
MLS# 5179659
Listing URL
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.
HighLights
- Two complete units, each with 3 bedrooms and 1.5 bathrooms, offering flexibility.
- Enjoy over 3,200 square feet of living space.
- Separate entrances and private laundry for each unit enhance privacy.
- Detached 2‑car garage and long driveway provide ample off‑street parking.
- Located in the Lakewood School District with convenient access to amenities.
- Freshly painted and move‑in ready condition.
Overview
This spacious and well-maintained duplex, situated on a quiet cul-de-sac in Lakewood, offers over 3,200 square feet of living space. The property includes a total of 6 bedrooms and 3 full bathrooms, configured as two complete units. Each unit features 3 bedrooms, 1.5 bathrooms, and private laundry facilities. The units offer bright living and dining areas with functional layouts and ample natural light. The home has been freshly painted throughout and is move-in ready. The kitchens provide generous cabinet and counter space, while the bedrooms are comfortably sized with good closet storage. The bathrooms are well maintained and thoughtfully laid out. Additional features include separate entrances for each unit, a detached 2-car garage, and a long driveway providing ample off-street parking. Outdoor living is enhanced by a private backyard along with covered and enclosed porches. The property, built on a 0.185-acre lot, does not include a basement, but the generous square footage above grade allows for efficient and practical use of space throughout both units. The roof and gutters are approximately less than 15 years old. Located in the Lakewood School District, this duplex offers convenient access to shopping, dining, parks, Lake Erie, and major highways. It is ideal for multi-generational living, owner-occupants looking to offset expenses, or investors seeking a solid addition to their portfolio.
Local 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 | $51.8k | $16.20 |
| − Vacancy | −$3.4k | −$1.05 |
| EGI | $48.5k | $15.15 |
| − OpEx | −$14.5k | −$4.54 |
| NOI | $33.9k | $10.60 |
3,200 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$451.9K
$395.4K – $527.2K
NOI $31,633 @ 7.0% cap · market cap 6.96%
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,479 @ 7.0% cap · market cap 39.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.785651
- Latitude
- 41.484193
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained Lakewood duplex with two units, ideal for investors.
Where is this duplex located?
The property is located at 13532 Elbur Lane Lakewood, OH.
What is the asking price?
The asking price for this property is $454,500.
What are key features of this property?
This property features: Two complete units, each with 3 bedrooms and 1.5 bathrooms, offering flexibility.; Enjoy over 3,200 square feet of living space.; Separate entrances and private laundry for each unit enhance privacy.
