Sign Up Successful!
You now have access to more from Realmo!
    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

    20424 Lake Shore Blvd Euclid, OH 44123

    Sponsored
    For Sale
    $245,000

    MULTI_FAMILY - Euclid, OH

    Property size:
    2,432 SF
    Lot size:
    0.16 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 13 at 9:06 pm

    Property Features for 20424 Lake Shore Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    642-20-006
    Parking features
    Garage
    Appliances
    Dryer, Range, Refrigerator, Washer
    Size
    2,432 SF
    Lot size
    0.16 Acres

    Utilities

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

    Building Details

    Year built
    1961
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Michael L Anter

    JAMM Real Estate Co. (440) 838-1111

    Listing agent Michael L Anter (216) 409-2888 License #2013004435

    Listing date Feb 13, 2026

    MLS# 5185494 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.

    Learn more

    Property Insight Report

    Overview

    Euclid Duplex with In-Unit Laundry

    This is a custom-built, all-brick duplex constructed in 1961. Each unit features two bedrooms, one bathroom, dedicated in-unit laundry setups, a large eat-in kitchen, and a spacious living room. Each unit provides over 1,200 square feet of living space. The property is currently fully occupied with month-to-month tenants, each paying $1,100 per month. A new roof has been installed. The property includes a full basement offering ample storage space for tenants, as well as a two-car garage and central air conditioning. This presents an opportunity for investors or potential owner-occupants. The location on Lake Shore Boulevard provides convenient access to the Euclid Creek Reservation, freeway access, and downtown Euclid.
    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 Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.537536
    Latitude
    41.60254

    Nearby Similar for Sale

    • New
      $239,900
      0.12 Acres

      Updated Duplex Near Major Roadways

      Well-maintained duplex with updated interiors and convenient location.
      890 E 250Th St, Euclid, OH 44132
      View Details
    • New
      $319,900
      2,549 SF

      Sprawling Multi-Family Home on Acreage

      Unique property on 4.96 acres with woodland privacy.
      22791 Harms Rd, Euclid, OH 44143
      View Details
    • $89,900
      Pending

      Updated Euclid Home For Sale

      Updated 2-bedroom home in Euclid, ideal for living or renting.
      21610 Crystal Ave, Euclid, OH 44123
      View Details
    • $140,000
      2,071 SF

      Euclid Duplex: Income Opportunity

      Income-producing duplex in Euclid with separate entrances and utilities.
      19326 Tyronne Ave, Euclid, OH 44119
      View Details
    • $336,800
      0.11 Acres

      Euclid Multifamily Property Near Lake

      Well-maintained triplex near Lake Erie, close to Cleveland.
      21051 S Lake Shore Blvd, Euclid, OH 44123
      View Details
    • $219,000
      1,656 SF

      Turn-Key Duplex in Euclid, OH

      Income-generating duplex with updated interiors and convenient location.
      275 E 200Th St, Euclid, OH 44119
      View Details
    • $139,900
      0.12 Acres

      Turnkey Fitness Center Opportunity

      Freestanding commercial building, selling as a turnkey fitness center.
      1451 E 193Rd St, Euclid, OH 44117
      View Details
    • $500,000
      0.30 Acres

      Turnkey Bar & Grill Opportunity

      Well-established bar and grill with real estate and equipment included.
      21702 Saint Clair Ave, Euclid, OH 44117
      View Details
    • $350,000
      1.32 Acres

      Versatile Warehouse Space For Sale

      Multi-tenant warehouse with flexible layout, ideal for industrial and storage.
      1440 Dille Rd, Euclid, OH 44117
      View Details
    • $950,000
      0.30 Acres

      Retail Property in Euclid, Ohio

      Retail property for sale in Euclid, Ohio.
      321 Babbitt Rd, Euclid, OH 44123
      View Details
    • Contact for pricing
      119,000 SF

      Manufacturing and Warehouse Space Available

      Heavy manufacturing and warehouse space with cranes, power & yard.
      1500 E 219 St, Euclid, OH
      View Details
    • Contact for pricing
      152,790 SF

      152,790 SF Industrial Complex

      100% leased industrial complex with 17 cranes and heavy power.
      1250 E 222 St, Euclid, OH
      View Details

    FAQs

    What type of property is this?
    Duplex - All-brick duplex with in-unit laundry, ideal for investors.
    Where is this duplex located?
    The property is located at 20424 Lake Shore Blvd Euclid, OH.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Duplex with two spacious units (over 1,200 sq ft each) featuring 2 beds and 1 bath.; - In-unit laundry setups in both units.; - Brand new roof.
    (216) 409-2888
    Request Owner's contact information
    20424 Lake Shore Blvd Euclid, OH 44123
    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.
    20424 Lake Shore Blvd
    Euclid, OH 44123
    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
    20424 Lake Shore Blvd Euclid, OH 44123
    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

    We can help!
    Listing Contact
    Michael L Anter
    Real Estate License ID: 2013004435
    (216) 409-2888 (440) 838-1111 (440) 546-1313
    Learn more
    Google sign-in failed. Please try again or use another login method.