Brick Side-by-Side
For Sale
$259,999
20850-20854 Lake Shore Boulevard, Euclid, OH 44123
ResidentialIncome, Euclid, OH
Property Size2,176 SF
Lot Size0.19 Acres
Price / SF$119.48
Days on Market40
Property Features for 20850-20854 Lake Shore Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Basement, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 3
Parking features
Open, Garage
Interior features
EatInKitchen, Storage
Fencing
Fenced
Appliances
Dryer, Dishwasher, Disposal, Range, Refrigerator
Subdivision
Pontiac 03
Lot features
Back Yard, Front Yard
Elementary school district
Euclid CSD - 1813
Middle school district
Euclid CSD - 1813
High school district
Euclid CSD - 1813
Directions
Between E. 208th and 210th
Standard status
Active
APN
642-17-104
Size
2,176 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
17-23 PONTPK#3 0005 ALL
Tax Annual Amount
4137
Legal Description
17-23 PONTPK#3 0005 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
partially finished basements
laundry and utility rooms
storage
fenced backyard
Building Details
Year built
1950
Floors in Building
2
Building materials
Brick, Stone
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Ohio Broker Direct
(614) 989-7215
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Added: Jul 22
Changed: Aug 26
Last Checked: Aug 30 at 7:06AM
MLS# 5228895
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 side-by-side duplex contains two residential units with a combined 2,176 square feet. Each side includes a partially finished basement, laundry and utility space, storage, and an eat-in kitchen. The property also includes a detached two-car garage and a fenced backyard. Brick and stone exterior materials, shingle roofing, natural-gas heat, public water, and public sewer are established features. The duplex was built in 1950.
One unit is vacant and includes upgraded air conditioning, furnace, and hot water equipment. The other unit is occupied and described as being in very good condition. The roof serving the duplex and garage was replaced in 2021. The property is located at 20850-20854 Lake Shore Boulevard in Euclid, with stores and bus lines nearby. The sale is on an as-is basis.
One unit is vacant and includes upgraded air conditioning, furnace, and hot water equipment. The other unit is occupied and described as being in very good condition. The roof serving the duplex and garage was replaced in 2021. The property is located at 20850-20854 Lake Shore Boulevard in Euclid, with stores and bus lines nearby. The sale is on an as-is basis.
Key Highlights
- Side‑by‑side duplex with 2,176 square feet of combined property size
- 0.1894‑acre lot with a fenced backyard
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,072
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,440
$461.4K
Cap Rate 7%
$329,600
$329.6K
Cap Rate 9%
$256,356
$256.4K
Market Conditions
NOI Build-Up for 2,176 SF
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.
Gross rent
$35.3K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.0K $15.15/SF
− OpEx
−$9.9K −$4.54/SF
NOI
$23.1K $10.60/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$461,440
Cap Rate 7%
$329,600
Cap Rate 9%
$256,356
Alternative Uses
Best Use
Multifamily LT 5
$329.6K
$288.4K – $384.5K
NOI $23,072 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,511 @ 7.0% cap · market cap 8.27%
Theoretical Best
Warehouse
$1.74M
$1.53M – $2.03M
NOI $122,045 @ 7.0% cap · market cap 46.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 44123, OH
17,620
Population
9,176
Households
1.9
Avg Household Size
39
Median Age
23%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
7,048
Density / Sq Mi
$54,979
Median Household Income
$39,047
Median Earnings
$1,036
Median Rent
$103,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units include basements, storage areas, and a detached garage.
Where is this duplex located?
The property is located at 20850-20854 Lake Shore Boulevard Euclid, OH.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,176 square feet of combined property size; 0.1894‑acre lot with a fenced backyard; Detached 2‑car garage
