Rocky River Duplex
19658 Hilliard Boulevard Rocky River, OH 44116
19658 Hilliard Boulevard, Rocky River, OH, 44116
$399,000
Pending
For Sale
$399,000
Pending
MULTI_FAMILY - Rocky River, OH
Property Size2,340 SF
Lot Size0.15 Acres
Days on Market65
Property Features for 19658 Hilliard Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1
- Parking features
- Garage
- Standard status
- Pending
- APN
- 304-18-036
- Size
- 2,340 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 17 GASSER #1 EXCEPT NWC 0017 ALL
- Tax Annual Amount
- 6600
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Fiberglass
Listing agency
Russell Real Estate Services
(440) 572-3100
Listed by
Matthew Ditlevson · License #2017002435
(440) 228-7164
Added: May 20 Updated: Jul 17 at 10:18PM Checked: Jul 23 at 1:06AM
MLS# 5210405
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 for-sale duplex offers a classic brick exterior and two spacious living areas with large open floor plans and well-proportioned bedrooms. The lower unit has been remodeled with new paint and flooring, updated kitchen cabinetry, butcher block countertops, and refreshed bathroom finishes, including new cabinetry and flooring. Additional recent improvements include a new upstairs A/C unit installed in June 2025 and two new hot water tanks installed in June 2025, along with a new garage roof completed in 2024.
The property is located at 19658 Hilliard Boulevard in Rocky River, Ohio. The seller notes it is just minutes from downtown Cleveland and provides access to nearby shopping, dining, parks, and highway routes.
For buyers, the updated lower unit and the documented 2024-2025 improvements help support a straightforward ownership plan, whether you intend to rent one side while occupying the other or to continue building a residential income portfolio. The overall layout and recent interior and mechanical work are designed to reduce near-term maintenance concerns for the next owner.
The property is located at 19658 Hilliard Boulevard in Rocky River, Ohio. The seller notes it is just minutes from downtown Cleveland and provides access to nearby shopping, dining, parks, and highway routes.
For buyers, the updated lower unit and the documented 2024-2025 improvements help support a straightforward ownership plan, whether you intend to rent one side while occupying the other or to continue building a residential income portfolio. The overall layout and recent interior and mechanical work are designed to reduce near-term maintenance concerns for the next owner.
Key Highlights
- Brick multifamily home built in 1951 with central air and forced‑air heating
- Remodeled lower unit with new paint, flooring, kitchen cabinets, butcher block countertops, and updated bathroom finishes
- New upstairs A/C unit installed June 2025
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 | $37.9k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $35.4k | $15.15 |
| − OpEx | −$10.6k | −$4.54 |
| NOI | $24.8k | $10.60 |
2,340 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.4K
$310.1K – $413.5K
NOI $24,811 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$330.5K
$289.2K – $385.5K
NOI $23,132 @ 7.0% cap · market cap 5.80%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,244 @ 7.0% cap · market cap 32.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with updated interiors and major 2024-2025 mechanical improvements for flexible owner or tenant use.
Where is this duplex located?
The property is located at 19658 Hilliard Boulevard Rocky River, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Brick multifamily home built in 1951 with central air and forced‑air heating; Remodeled lower unit with new paint, flooring, kitchen cabinets, butcher block countertops, and updated bathroom finishes; New upstairs A/C unit installed June 2025
