Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17506 Neff Road Cleveland, OH 44119

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $158,888

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,016 SF
    Lot size:
    0.11 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 11 at 3:06 pm

    Property Features for 17506 Neff Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 1, Laundry Room
    Parking features
    Garage
    Standard status
    Active
    APN
    113-04-006
    Size
    2,016 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3816

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Dion P Hocking
    Dion P Hocking

    Listing agent Dion P Hocking License #2012001516

    Listing office 81 West Realty, LLC. 2310 Valley View Drive, Rocky River, OH

    Listing date Apr 11, 2026

    MLS# 5198993 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.

    Overview

    East Shore Park Two-Family Home

    Located in the East Shore Park neighborhood, this well-maintained brick two-family home is a short walk to the lake, park, and beach. The property features two units, each with 2 bedrooms, 1 full bath, and a sunroom overlooking the backyard. The building offers over 2,000 sq ft of total living space. A two-car garage provides parking and storage. This property is suitable for owner-occupants or investors seeking a quality property in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.558367
    Latitude
    41.586319

    Nearby Similar for Sale

    • $321,911

      Turnkey Retail Building in Cleveland

      Income-producing retail building with barbershop and salon in Old Brooklyn.
      4491-4493 Pearl Road, Cleveland, OH 44109
      View Details
    • $419,000
      5,408 SF

      Cleveland Quadplex in Historic District

      Well-maintained townhome-style quad offers four spacious units.
      3422 Daisy Avenue, Cleveland, OH 44109
      View Details
    • $385,000

      Cleveland Commercial Flex Space For Sale

      Versatile commercial space with warehouse and office components in Cleveland.
      12703 Triskett Road, Cleveland, OH 44111
      View Details
    • $99,000

      Freestanding Commercial Building on Euclid

      High-visibility commercial building suitable for salon, retail, or service businesses.
      17201 Euclid Avenue, Cleveland, OH 44112
      View Details
    • $425,000

      Established Cleveland Convenience Store Opportunity

      Established convenience store with real estate and expansion potential for sale.
      15315 Bartlett Avenue, Cleveland, OH 44120
      View Details
    • $365,000
      7,006 SF

      Fully Leased Four-Unit Apartment Building

      Four-unit apartment building generating $3,840 monthly gross rent.
      2127 W 100th Street, Cleveland, OH 44102
      View Details
    • $699,000

      Turnkey Entertainment Venue Opportunity

      Over 10,000 sq ft flexible space for nightlife, dining.
      3560 E 93rd Street, Cleveland, OH 44105
      View Details
    • $335,000
      2,625 SF

      Edgewater Duplex with Expansion Potential

      Turn-key duplex in Cleveland's Edgewater neighborhood with expansion potential.
      10105 Baltic Road, Cleveland, OH 44102
      View Details
    • $285,000

      Retail Store with Brick Front

      2,000 SF retail store with updated amenities and parking.
      4873 Broadview Road, Cleveland, OH 44109
      View Details
    • $625,000

      Historic Cleveland Building Redevelopment Opportunity

      Iconic three-story brick building near Cleveland State University and Playhouse Square.
      1740 E 17th Street, Cleveland, OH 44114
      View Details
    • $355,000
      3,252 SF

      Tremont Duplex with Charm

      Spacious Tremont duplex with historical charm and income potential.
      1303 Castle Avenue, Cleveland, OH 44113
      View Details
    • $155,000

      Well-Maintained Commercial Building For Sale

      Freestanding commercial building in prime location with ample parking.
      8400-8402 Cedar Avenue, Cleveland, OH 44103
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home near lake, park, and beach.
    Where is this duplex located?
    The property is located at 17506 Neff Road Cleveland, OH.
    What is the asking price?
    The asking price for this property is $158,888.
    What are key features of this property?
    This property features: Prime location in the highly desirable East Shore Park neighborhood, steps from the lake, park, and beach.; Well‑maintained brick two‑family home with strong rental potential.; Two units, each with 2 bedrooms, 1 full bath, and a bright sunroom.
    (440) 476-2132
    We can help!
    Listing Contact
    Dion P Hocking
    Dion P Hocking
    Real Estate License ID: 2012001516
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!