Updated 2-Bedroom Single-Family
For Sale
$319,900
2474 Capulet Court, Avon, OH 44011
Residential, Avon, OH
Property Size1,474 SF
Lot Size0.07 Acres
Price / SF$217.03
Days on Market35
Property Features for 2474 Capulet Court
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Garage, Open
Patio and Porch features
Patio
Interior features
CeilingFans, Chandelier
Appliances
Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
Subdivision
Avenbury Lakes Ph 03
Elementary school district
Avon LSD - 4703
Middle school district
Avon LSD - 4703
High school district
Avon LSD - 4703
Directions
East of #83; North off Detroit. Shakespeare to right on Manchester. Right on Capulet Court. Near end of cul-de-sac.
Standard status
Active
APN
04-00-022-813-030
Size
1,474 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AVENBURY LAKES PHASE 3 41 X 76 LOT # 107
Tax Annual Amount
4287
HOA Fee
$435 Monthly
Legal Description
AVENBURY LAKES PHASE 3 41 X 76 LOT # 107
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
indoor pool
outdoor pool
fitness center
tennis courts
pickleball courts
putting green
walking trail
three-season room
patio
Building Details
Year built
2003
Floors in Building
1
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Architectural style
Other
Listing Agency:
Ohio Broker Direct
(614) 989-7215
Listed By:
Joan Elflein · License #386319
(614) 989-7215
Added: Jul 27
Changed: Aug 24
Last Checked: Aug 30 at 10:06AM
MLS# 5230486
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.
Welcome to 2474 Capulet Court in Avon, an extensively updated 2-bedroom, 2 full-bath home in the 55+ community of Avenbury Lakes. The layout includes a spacious primary suite with a large walk-in closet and full bath, a bright 3-season room and patio that overlook backyard vegetation, and a generously sized guest bedroom with its own full guest bathroom. A dedicated laundry room connects to an attached utility room for storage, and the home also features a spacious 2-car garage with abundant attic storage.
Updates throughout the residence include new luxury vinyl plank flooring in the kitchen, dining area, bathrooms, and laundry room, new carpeting in the living room and bedrooms, fresh paint and stain throughout, and new stainless-steel appliances.
The Avenbury Lakes community offers indoor and outdoor pools, a fitness center, tennis and pickleball courts, a putting green, and walking trails throughout its landscaped grounds.
Updates throughout the residence include new luxury vinyl plank flooring in the kitchen, dining area, bathrooms, and laundry room, new carpeting in the living room and bedrooms, fresh paint and stain throughout, and new stainless-steel appliances.
The Avenbury Lakes community offers indoor and outdoor pools, a fitness center, tennis and pickleball courts, a putting green, and walking trails throughout its landscaped grounds.
Key Highlights
- Completely updated 2‑bedroom, 2 full‑bath home built in 2003 in Avenbury Lakes (55+ community)
- Large primary suite with walk‑in closet and full bath
- 3‑season room and patio overlooking backyard vegetation
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
$12,608
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
3.94%
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%
$252,160
$252.2K
Cap Rate 7%
$180,114
$180.1K
Cap Rate 9%
$140,089
$140.1K
Market Conditions
NOI Build-Up for 1,474 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
$23.9K $16.20/SF
− Vacancy
−$955 −$0.65/SF
EGI
$22.9K $15.55/SF
− OpEx
−$10.3K −$7.00/SF
NOI
$12.6K $8.55/SF
Area
Lorain County, OH
Vacancy
4.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$252,160
Cap Rate 7%
$180,114
Cap Rate 9%
$140,089
Alternative Uses
Best Use
Apartment 5plus
$180.1K
$157.6K – $210.1K
NOI $12,608 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.4K
$325.0K – $433.4K
NOI $26,001 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 44011, OH
24,847
Population
9,782
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
98%
High-School Grad
20.8 sq mi
ZIP Area
1,195
Density / Sq Mi
$126,618
Median Household Income
$67,143
Median Earnings
$1,446
Median Rent
$377,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Completely updated 2-bedroom, 2-bath home with a 2-car garage and 3-season room in a 55+ community.
Where is this single family property located?
The property is located at 2474 Capulet Court Avon, OH.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Completely updated 2‑bedroom, 2 full‑bath home built in 2003 in Avenbury Lakes (55+ community); Large primary suite with walk‑in closet and full bath; 3‑season room and patio overlooking backyard vegetation
