2200-2202 Wyandotte Avenue Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 10:06 am
Property Features for 2200-2202 Wyandotte Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Basement
- Parking features
- Garage
- Exterior features
- Balcony
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 315-17-038
- Size
- 3,133 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1403
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Carol Paulenske License #2020005872 (440) 263-4074
Listing office Coldwell Banker Schmidt Realty 32648 Center Ridge Road, Strongsville, OH (440) 327-2123
Listing date Jul 10, 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.
The interior includes original hardwood floors, fireplaces, and built-in dining room cabinetry. Recent updates include new flooring and new appliances, and there is also a new garage roof.
The property is located in Lakewood, Ohio, at 2202 Wyandotte Avenue (44107), in a walkable neighborhood setting close to local restaurants, shops, and parks.
Key Highlights
- Previously configured as two units: 2‑bed/1‑bath first‑floor and 3‑bed/2‑bath across the second and third floors
- Third floor includes ductwork and a private entry, offering built‑in setup for a separate 1‑bed/1‑bath layout
- Original hardwood floors and fireplaces, plus built‑in dining room cabinetry
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 | $50.8k | $16.20 |
| − Vacancy | −$3.3k | −$1.05 |
| EGI | $47.5k | $15.15 |
| − OpEx | −$14.2k | −$4.54 |
| NOI | $33.2k | $10.60 |
