2035 Chesterland Avenue Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
Property Features for 2035 Chesterland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Laundry Room, Bathroom 2, Basement, Bedroom 1, Bedroom 3
- Parking features
- On Street, Garage, Driveway, Off Street
- Interior features
- GraniteCounters, OpenFloorplan, Storage, VaultedCeilings
- Exterior features
- Balcony, Lighting, Storage
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 315-18-109
- Size
- 2,100 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 20 L&HCO#1 0220 ALL
- Tax Annual Amount
- 5967
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
- Additional Structures
- Storage
Listing agent Sylvia Incorvaia License #411497 (216) 316-1893
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date May 6, 2026
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.
Key Highlights
- Duplex built in 1919 with two 2‑bedroom units and updated interior features
- Upper unit spans the second and third floors, offering flexible multi‑level living
- Vinyl siding exterior with asphalt/fiberglass roof and forced‑air natural gas heating
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 | $34.0k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.8k | $15.15 |
| − OpEx | −$9.5k | −$4.54 |
| NOI | $22.3k | $10.60 |
