Updated Duplex with Bonus
For Sale
$384,000
3454 Ingleside Road, Shaker Heights, OH 44122
ResidentialIncome, Shaker Heights, OH
Property Size2,980 SF
Lot Size0.13 Acres
Price / SF$128.86
Days on Market29
Property Features for 3454 Ingleside Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Basement, Bedroom 3
Parking features
Garage
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
Van Sweringen Companys
Elementary school district
Shaker Heights CSD - 1827
Middle school district
Shaker Heights CSD - 1827
High school district
Shaker Heights CSD - 1827
Directions
Off van Aken Blvd
Standard status
Active
APN
735-19-045
Size
2,980 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
44 VANS#23 &S/L BUT NWC TRI 0999 ALL
Tax Annual Amount
8864
Legal Description
44 VANS#23 &S/L BUT NWC TRI 0999 ALL
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Steam
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Keller Williams Greater Cleveland Northeast · Keller Williams Realty
(440) 255-5500
Listed By:
Iris Wheeler · License #2021002542
(216) 536-8597
Added: Aug 15
Changed: Sep 11
Last Checked: Sep 12 at 6:06AM
MLS# 5236942
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 at 3454 Ingleside Road contains 2,980 square feet on a 0.134-acre lot and was built in 1925. The property offers eight bedrooms and two bathrooms across three levels, with a bright main-floor arrangement connecting the kitchen, dining area, and living room. The kitchen includes a bar, while new flooring and an updated full bathroom add refreshed interior finishes. A large primary bedroom and bonus room occupy the third floor, providing additional space for office, dressing, sitting, workout, hobby, or storage use.
The property is near the Van Aken District, with restaurants, shopping, coffee shops, entertainment, parks, and other local amenities nearby. Downtown is also accessible from the Shaker Heights location. Additional features include brick construction, a garage, public water, public sewer, a dishwasher, disposal, microwave, range, and refrigerator. The property is described as POS compliant and may support owner-occupancy with rental use of the other unit or a long-term rental strategy.
The property is near the Van Aken District, with restaurants, shopping, coffee shops, entertainment, parks, and other local amenities nearby. Downtown is also accessible from the Shaker Heights location. Additional features include brick construction, a garage, public water, public sewer, a dishwasher, disposal, microwave, range, and refrigerator. The property is described as POS compliant and may support owner-occupancy with rental use of the other unit or a long-term rental strategy.
Key Highlights
- Side‑by‑side duplex with 2,980 square feet and 8 bedrooms
- 0.134‑acre lot with 2 bathrooms and a 1925 build year
- Three‑level layout includes a third‑floor primary bedroom and bonus room
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
$31,597
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
8.23%
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%
$631,940
$631.9K
Cap Rate 7%
$451,386
$451.4K
Cap Rate 9%
$351,078
$351.1K
Market Conditions
NOI Build-Up for 2,980 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
$48.3K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$45.1K $15.15/SF
− OpEx
−$13.5K −$4.54/SF
NOI
$31.6K $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%
$631,940
Cap Rate 7%
$451,386
Cap Rate 9%
$351,078
Alternative Uses
Best Use
Multifamily LT 5
$451.4K
$395.0K – $526.6K
NOI $31,597 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$420.8K
$368.2K – $491.0K
NOI $29,458 @ 7.0% cap · market cap 7.67%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,139 @ 7.0% cap · market cap 43.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 44122, OH
36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick income property with a flexible three-level layout, garage parking, and access to public water and sewer.
Where is this duplex located?
The property is located at 3454 Ingleside Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,980 square feet and 8 bedrooms; 0.134‑acre lot with 2 bathrooms and a 1925 build year; Three‑level layout includes a third‑floor primary bedroom and bonus room
