Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7224 Burridge Ave Mentor, OH 44060

    Sponsored
    For Sale
    $439,999

    MULTI_FAMILY - Mentor, OH

    Lot size:
    0.95 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 24 at 10:06 pm

    Property Features for 7224 Burridge Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 6, Bathroom 1, Bathroom 3
    Bedrooms
    6
    Bathrooms
    3
    APN
    16-B-050-0-00-032-0
    Parking features
    Garage
    Lot size
    0.95 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating)
    Cooling system
    Window Unit(s), Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1905
    Floors in Building
    3
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Sarah Glasky

    Platinum Real Estate Professionals, LLC (440) 942-2100

    Listing agent Sarah Glasky (440) 812-3839 License #2017004120

    Listing date Dec 4, 2025

    MLS# 5166229 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

    Charming Duplex with Extra Lot

    This historic side-by-side duplex is located in a quiet neighborhood in Mentor. The first unit features new vinyl flooring in the living room, dining room, and kitchen, which includes new white shaker cabinets, a built-in microwave, stove, and refrigerator. An additional room off the kitchen could serve as an office, playroom, hobby room, or small bedroom. The three main bedrooms are located upstairs and have wood floors; one bedroom includes a private covered balcony. The bathroom has been fully renovated with a granite countertop and a smart mirror. The second unit is accessible through the back sunroom, which could be converted into a bonus seating area, greenhouse, or hobby room. The kitchen has tall, retro, wooden cabinets and includes a refrigerator, oven, and a mobile dishwasher. The large dining room and living room have new vinyl flooring. The three bedrooms are located upstairs and have wood floors. The attic has high ceilings and a bonus room, with a third boiler already available for installation. The basement is dry and offers ample storage space and two separate laundry areas. The property includes two sets of working washers and dryers. The roof is 5 years old, and almost every room has been freshly painted. The garage could potentially be converted into another unit or used for parking or storage. The property includes an additional lot that could be built on or sold. The lot size is 0.949 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.33085
    Latitude
    41.673997

    Nearby Similar for Sale

    • New
      $299,000
      2,000 SF

      Turnkey Restaurant Opportunity in Mentor

      Freestanding building with patio, equipment, and parking included.
      7224 Center St, Mentor, OH 44060
      View Details
    • $550,000
      0.85 Acres

      Redevelopment Opportunity in Mentor, Ohio

      Free-standing building and single-family dwelling ideal for retail redevelopment.
      9047 Mentor Ave, Mentor, OH 44060
      View Details
    • $575,000
      2.05 Acres

      Historical Retail Property in Mentor

      5,159 SF retail property with outdoor space for sale/lease.
      8455 Station St, Mentor, OH 44060
      View Details
    • $900,000
      1.36 Acres

      Daycare Investment Property For Sale

      6,000 SF building with long-term daycare tenant in Mentor, OH.
      6970 Heisley Rd, Mentor, OH 44060
      View Details
    • $675,000
      3,880 SF

      Unique Spa and Wellness Opportunity

      Turnkey spa and wellness business with real estate for sale.
      9124-9146 Tyler Blvd, Mentor, OH 44060
      View Details
    • $185,000

      Spacious Condo in Deepwood Estates

      Move-in ready, three-bedroom condo with updated features and amenities.
      8300 Deepwood Blvd, Mentor, OH 44060
      View Details
    • $2,495,000
      31,745 SF

      High-Quality Manufacturing Property in Mentor

      31,745 SF manufacturing property with ample parking.
      7770 Division Dr, Mentor, OH 44060
      View Details
    • Contact for pricing
      9,774 SF

      Industrial/Flex Building on Hopkins Road

      9,774± SF industrial/flex building on 0.86± acre lot.
      6520 Hopkins Rd, Mentor, OH 44060
      View Details
    • $1,035,720
      11,508 SF

      Tyler Blvd Flex/Warehouse Opportunity

      Office and warehouse space available on Tyler Blvd.
      8822 Tyler Blvd, Mentor, OH 44060
      View Details
    • $995,000
      2,992 SF

      Restaurant/Bar/Retail Site For Sale

      Restaurant, bar, and retail site with renovated space and outdoor patio.
      9528 Diamond Centre Dr, Mentor, OH 44060
      View Details
    • $689,000
      1,788 SF

      Freestanding Building on Mentor Avenue

      1,788 SF building with drive-thru and ample parking.
      7652 Mentor Ave, Mentor, OH
      View Details
    • $4,000,000
      32,840 SF

      Two-Story Office Building in Mentor

      32,840 SF two-story office building on 2.53 acres.
      8445 Munson Rd, Mentor, OH 44060
      View Details

    FAQs

    What type of property is this?
    Duplex - Historic Mentor duplex with income potential and additional buildable lot.
    Where is this duplex located?
    The property is located at 7224 Burridge Ave Mentor, OH.
    What is the asking price?
    The asking price for this property is $439,999.
    What are key features of this property?
    This property features: - Income-generating duplex with potential for conversion to a triplex (third boiler included).; - Includes an additional buildable lot for expansion or sale.; - Updated Features: Renovated bathroom with granite countertop and smart mirror in one unit; new vinyl flooring in both units; fresh paint throughout.
    (440) 812-3839
    Request Owner's contact information
    7224 Burridge Ave Mentor, OH 44060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7224 Burridge Ave
    Mentor, OH 44060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7224 Burridge Ave Mentor, OH 44060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sarah Glasky
    Real Estate License ID: 2017004120
    (440) 812-3839
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.