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    The Largest CRE Database in the US with Over 1 Million Listings

    2392 Warrensville Center Rd Cleveland, OH 44118

    Sponsored
    For Sale
    Pending
    $269,000

    MULTI_FAMILY - University Heights, OH

    Property size:
    2,600 SF
    Lot size:
    0.13 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 8 at 8:06 am

    Property Features for 2392 Warrensville Center Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Basement, Laundry Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    722-16-104
    Parking features
    Open, Garage
    Interior features
    BuiltInFeatures, CeilingFans, GraniteCounters
    Appliances
    Dryer, Dishwasher, Disposal, Range, Refrigerator, Washer
    Size
    2,600 SF
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Year built
    1954
    Floors in Building
    2
    Building materials
    Brick, VinylSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Jason G Beard
    Jason G Beard

    Greater Cleveland (216) 839-5500

    Listing agent Jason G Beard (216) 659-5520 License #2014002646

    Listing date Jan 30, 2026

    MLS# 5151668 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

    Solid Brick Duplex in Heights

    This solid brick duplex is situated in a walkable location. Each unit offers a spacious 1300 square feet of living space and is move-in ready. The bright living room opens to a large dining room. The kitchen features ample cabinetry, and all appliances are included. The upstairs unit has granite countertops and extra space for a table. Each unit includes two large bedrooms with ample closet space. Off the second bedroom is a bonus space suitable for an office, den, or play area. Each unit also has a four-piece bathroom. The dry basement features a wall of secure storage cabinets, a finished area for extra living space, and a washer and dryer. Outside, the property features low-maintenance landscaping, a concrete drive, a brick patio, an EV charger, and a tidy 2-car garage. Some newer vinyl windows have been installed. New laminate flooring leads to the basement. The water heaters were replaced in 2019, one furnace in 2019, and the roof and gutters in 2015. The upstairs dishwasher is slated for replacement in 2025. The property is point of sale compliant. The seller currently occupies the upstairs unit. The property is close to shopping, parks, public transportation, and schools. The lot size is 0.1286 acres, and the total property size is 2600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.536681
    Latitude
    41.494375

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    FAQs

    What type of property is this?
    Duplex - Spacious, move-in ready duplex with modern amenities and prime location.
    Where is this duplex located?
    The property is located at 2392 Warrensville Center Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: - Solid brick duplex in a prime, walkable location close to shopping, parks, public transportation, and schools.; - Each unit is move-in ready and spacious (1300 sq ft) with large living and dining rooms.; - Features a 2-car garage, EV charger, and low-maintenance landscaping.
    (216) 659-5520
    Request Owner's contact information
    2392 Warrensville Center Rd Cleveland, OH 44118
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    Cleveland, OH 44118
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    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
    2392 Warrensville Center Rd Cleveland, OH 44118
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    We can help!
    Listing Contact
    Jason G Beard
    Jason G Beard
    Real Estate License ID: 2014002646
    (216) 659-5520
    Learn more
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