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    Lakewood Duplex with Recent Updates

    14306 Athens Avenue Lakewood, OH 44107

    Claim this Listing
    For Sale
    Under Contract
    $339,900

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,030 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $167/SF
    Added:
    May 26, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 12 at 6:06 am

    Property Features for 14306 Athens Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 1, Bedroom 3
    Parking features
    Garage
    Appliances
    Dryer, Range, Refrigerator, Washer
    Standard status
    Active Under Contract
    APN
    314-22-043
    Size
    2,030 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    19 COTABISH 0015 ALL
    Tax Annual Amount
    4577

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1923
    Floors in Building
    2
    Building materials
    AluminumSiding
    Roof type
    Asphalt

    Listing agent Joan Elflein License #386319

    Listing office Ohio Broker Direct 2665 Spangler Road, Columbus, OH

    Listing date May 26, 2026

    MLS# 5212969 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.

    Investment Insights

    Based on property information with market context.

    This well-maintained duplex presents an opportunity for an owner-occupant or investor. The property features a vacant upper unit ready for immediate occupancy. Both units include hardwood floors, clawfoot tubs, built-ins in the living and dining rooms, and decorative fireplaces. Spacious front porches enhance the home's character. Updates include newer furnaces (2023), new gutters (2026), updated electrical panels, vinyl windows, glass block basement windows and newer vinyl siding on the garage. The property is situated in Lakewood, providing access to downtown Cleveland, Lake Erie, and local shops and restaurants. The property size is 2030 square feet and the lot size is 0.109 acres.

    Key Highlights

    • Well‑maintained duplex with a vacant upper unit ready for immediate occupancy or a new tenant
    • Year built 1923 with original‑style features including hardwood floors, clawfoot tubs, built‑ins, decorative fireplaces, and spacious front porches
    • Updates include newer furnaces (2023), updated electrical panels, vinyl windows, and vinyl siding on the garage

    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 $32.9k $16.20
    − Vacancy −$2.1k −$1.05
    EGI $30.7k $15.15
    − OpEx −$9.2k −$4.54
    NOI $21.5k $10.60
    2,030 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $307.5K
    $269.1K – $358.7K (±1% cap)
    NOI $21,524 @ 7.0% cap · market cap 6.33%
    Second Best
    Apartment 5plus
    $286.7K
    $250.8K – $334.5K (±1% cap)
    NOI $20,067 @ 7.0% cap · market cap 5.90%
    Theoretical Best
    Warehouse
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,857 @ 7.0% cap · market cap 33.50%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Home Appliance Store (Bike/Boat/Book/etc) Store Hotel & Motel Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Lakewood with updated features and convenient location.
    Where is this duplex located?
    The property is located at 14306 Athens Avenue Lakewood, OH.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: Well‑maintained duplex with a vacant upper unit ready for immediate occupancy or a new tenant; Year built 1923 with original‑style features including hardwood floors, clawfoot tubs, built‑ins, decorative fireplaces, and spacious front porches; Updates include newer furnaces (2023), updated electrical panels, vinyl windows, and vinyl siding on the garage
    Contact an agent
    (614) 989-7215
    We can help!
    Contact an agent
    Joan Elflein
    Joan Elflein
    Real Estate License ID: 386319
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