Four-Bedroom
For Sale
$165,000
10609 Wadsworth Avenue, Garfield Heights, OH 44125
ResidentialIncome, Garfield Heights, OH
Property Size1,536 SF
Lot Size0.10 Acres
Price / SF$107.42
Days on Market204
Property Features for 10609 Wadsworth Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking features
Garage, Driveway
Elementary school district
Garfield Heights CSD - 1815
Middle school district
Garfield Heights CSD - 1815
High school district
Garfield Heights CSD - 1815
Directions
East Off Turney Near Tops.
Standard status
Active
APN
544-08-089
Size
1,536 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4371
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Gregory Erlanger · License #2004000516
(216) 916-7778
Added: Jan 30
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# 5184472
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 1,536-square-foot duplex contains four bedrooms and two bathrooms across two residential units. Both units have distinct living areas, while the property includes a basement, vinyl siding, fiberglass and asphalt roofing, and natural gas heating. Built in 1925, the building sits on a 0.1-acre lot and is fully occupied.
The property is located at 10609 Wadsworth Avenue in Garfield Heights, Ohio. Public water and sewer serve the building, and parking is provided by a driveway and garage. The configuration offers two separate residential spaces within one multifamily property.
The property is located at 10609 Wadsworth Avenue in Garfield Heights, Ohio. Public water and sewer serve the building, and parking is provided by a driveway and garage. The configuration offers two separate residential spaces within one multifamily property.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 bathrooms
- 1,536 square feet on a 0.1‑acre lot
- Fully occupied residential property
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
$15,184
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
9.20%
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%
$303,680
$303.7K
Cap Rate 7%
$216,914
$216.9K
Cap Rate 9%
$168,711
$168.7K
Market Conditions
NOI Build-Up for 1,536 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
$29.3K $19.08/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$27.6K $17.97/SF
− OpEx
−$12.4K −$8.09/SF
NOI
$15.2K $9.89/SF
Area
Cuyahoga County, OH
Vacancy
5.80%
Lease Rate
$19.08 /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%
$303,680
Cap Rate 7%
$216,914
Cap Rate 9%
$168,711
Alternative Uses
Best Use
Multifamily LT 5
$232.7K
$203.6K – $271.4K
NOI $16,286 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$216.9K
$189.8K – $253.1K
NOI $15,184 @ 7.0% cap · market cap 9.20%
Theoretical Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,150 @ 7.0% cap · market cap 52.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 44125, OH
29,663
Population
12,849
Households
2.3
Avg Household Size
39
Median Age
17%
College-Educated
90%
High-School Grad
14.0 sq mi
ZIP Area
2,119
Density / Sq Mi
$55,524
Median Household Income
$37,292
Median Earnings
$1,103
Median Rent
$107,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with separate living areas, a driveway, and garage parking.
Where is this duplex located?
The property is located at 10609 Wadsworth Avenue Garfield Heights, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 bathrooms; 1,536 square feet on a 0.1‑acre lot; Fully occupied residential property
