Tenant-Occupied Duplex For
3452 Lynnfield Road Shaker Heights, OH 44122
3452 Lynnfield Road, Shaker Heights, OH, 44122
$479,000
For Sale
$479,000
MULTI_FAMILY - Shaker Heights, OH
Property Size2,930 SF
Lot Size0.22 Acres
Price / SF$163.48
Days on Market99
Property Features for 3452 Lynnfield Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 5
- Parking features
- Garage, Driveway
- Standard status
- Active
- APN
- 736-06-025
- Size
- 2,930 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 44 VANS#23 889B ALL
- Tax Annual Amount
- 9191
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 3
- Building materials
- Brick
- Roof type
- Fiberglass, Asphalt
Listing agency
Century 21 Premiere Properties, Inc.
(216) 455-7677
Listed by
Seth L Young · License #2009003929
(216) 374-8589
Added: Apr 15 Updated: Jul 20 at 10:17PM Checked: Jul 22 at 6:06PM
MLS# 5199290
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 tenant-occupied duplex offers an established residential income configuration with a functional layout. The property totals 2,930 square feet and sits on a 0.2234-acre lot.
The home is located at 3452 Lynnfield Road in Shaker Heights, Ohio. The public remarks note convenient access to local amenities, shopping, schools, and major routes.
Showings are by appointment only, and tenants must not be disturbed.
The home is located at 3452 Lynnfield Road in Shaker Heights, Ohio. The public remarks note convenient access to local amenities, shopping, schools, and major routes.
Showings are by appointment only, and tenants must not be disturbed.
Key Highlights
- Brick home built in 1937
- Central air cooling and forced‑air heating
- Public water and public sewer
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 | $47.5k | $16.20 |
| − Vacancy | −$3.1k | −$1.05 |
| EGI | $44.4k | $15.15 |
| − OpEx | −$13.3k | −$4.54 |
| NOI | $31.1k | $10.60 |
2,930 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.8K
$388.3K – $517.8K
NOI $31,066 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$413.8K
$362.1K – $482.7K
NOI $28,964 @ 7.0% cap · market cap 6.05%
Theoretical Best
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,335 @ 7.0% cap · market cap 34.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Tenant-occupied duplex for sale offering 2,930 square feet of residential income space on a 0.2234-acre lot.
Where is this duplex located?
The property is located at 3452 Lynnfield Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Brick home built in 1937; Central air cooling and forced‑air heating; Public water and public sewer
