Two-Unit Residence with
115 Avon Point Avenue Avon Lake, OH 44012
New
115 Avon Point Avenue, Avon Lake, OH, 44012
$275,000
For Sale
$275,000
MULTI_FAMILY - Avon Lake, OH
Property Size1,708 SF
Lot Size0.19 Acres
Price / SF$161.01
Days on Market1
Property Features for 115 Avon Point Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Basement, Bathroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 04-00-019-106-056
- Size
- 1,708 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4281
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agency
Keller Williams Citywide
(440) 892-2211
Listed by
Virginia Lindsay · License #396154
(216) 407-7759
Added: Jul 23 Checked: Jul 23 at 7:06AM
MLS# 5226639
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 converted two-family residence was originally built as a single-family home and has been used as a two-family property for more than 40 years. The first-floor unit offers two bedrooms and one full bathroom, and the second-floor unit offers one bedroom and one full bathroom. The property is ready for updating, with several rooms freshly painted.
In addition to the main house, there is a barn on the property that has been finished to include a kitchen, living room, bedroom, and bathroom. The barn also provides two oversized single-car parking spaces, abundant additional storage, and a separate storage bay. The listing includes the parcel identified as 0400019106056, and there is an adjacent lot available under a separate listing.
Set up for multiple living and work options, the home and barn combination can support a variety of configurations while offering significant on-site storage and parking convenience.
In addition to the main house, there is a barn on the property that has been finished to include a kitchen, living room, bedroom, and bathroom. The barn also provides two oversized single-car parking spaces, abundant additional storage, and a separate storage bay. The listing includes the parcel identified as 0400019106056, and there is an adjacent lot available under a separate listing.
Set up for multiple living and work options, the home and barn combination can support a variety of configurations while offering significant on-site storage and parking convenience.
Key Highlights
- Converted from single‑family to 2‑family more than 40 years ago; first‑floor unit has 2 bedrooms and 1 full bath, second‑floor unit has 1 bedroom and 1 full bath
- Ready for updating, with several rooms freshly painted
- Includes a barn with finished interior: kitchen, living room, bedroom, and bathroom
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 | $23.6k | $13.80 |
| − Vacancy | −$1.2k | −$0.72 |
| EGI | $22.3k | $13.08 |
| − OpEx | −$6.7k | −$3.92 |
| NOI | $15.6k | $9.16 |
1,708 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.4K
$195.5K – $260.7K
NOI $15,641 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,610 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$430.4K
$376.6K – $502.2K
NOI $30,129 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Converted two-family home with two separate units plus a finished barn for flexible extra living or workspace.
Where is this duplex located?
The property is located at 115 Avon Point Avenue Avon Lake, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Converted from single‑family to 2‑family more than 40 years ago; first‑floor unit has 2 bedrooms and 1 full bath, second‑floor unit has 1 bedroom and 1 full bath; Ready for updating, with several rooms freshly painted; Includes a barn with finished interior: kitchen, living room, bedroom, and bathroom
