3638 Lynnfield Road, Shaker Heights, OH 44122
MULTI_FAMILY - Shaker Heights, OH
- Added:
- Jun 24, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 24 at 6:06 pm
Property Features for 3638 Lynnfield Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2
- Parking features
- Garage
- Standard status
- Active
- APN
- 736-19-113
- Size
- 2,352 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6402
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1929
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Shingle, Asphalt
Listing agent Bobby Heller License #2018000834 (330) 603-8772
Listing office Keller Williams Chervenic Rlty 3589 Darrow Rd, Stow, OH (330) 686-1644
Listing date Jun 24, 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.
HighLights
- Tudor‑style duplex built in 1929 with aluminum siding and an asphalt shingle roof
- Lower unit: 2 bedrooms, 1 full bath, tenant‑occupied on a month‑to‑month lease
- Upper unit: 4 bedrooms and 2 full baths, with a lease in place through end of July
- Both units updated with granite countertops, newer sinks and faucets, and exposed hardwood floors (after carpet removal)
- Heating and cooling include forced‑air natural gas heat and central air; furnace recently serviced and tuned up
- Tenants have screened‑in outdoor patios and off‑street parking with a 3‑car garage; public water and public sewer
Overview
Additional improvements and amenities support day-to-day living and ownership. The furnace has been recently serviced and tuned up. Tenants also have access to screened-in outdoor patios and off-street parking, including a 3-car garage. The property is located in Shaker Heights near shopping, dining, entertainment, and everyday amenities.
The configuration is well-suited to investors seeking an income-producing duplex with two different lease terms, as well as owner-occupants who may want to live in one unit while the other unit helps offset expenses. With the recent interior updates and maintained mechanical attention, this property offers a clear, turnkey platform for managing both leases and daily tenant needs.
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 | $38.1k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $35.6k | $15.15 |
| − OpEx | −$10.7k | −$4.54 |
| NOI | $24.9k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shaker Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.54726
- Latitude
- 41.460652
