Two-Unit Residence with Finished
115 Avon Point Avenue Avon Lake, OH 44012
New
115 Avon Point Avenue, Avon Lake, OH, 44012
$325,000
For Sale
$325,000
MULTI_FAMILY - Avon Lake, OH
Property Size1,708 SF
Lot Size0.31 Acres
Price / SF$190.28
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
- Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 04-00-019-106-056
- Size
- 1,708 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4281
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- 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# 5229668
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 property is a two-family residence originally built as a single-family home and converted to a two-family layout more than 40 years ago. The first-floor unit includes two bedrooms and one full bathroom. The second-floor unit includes one bedroom and one full bathroom. The home is ready for updating, with several rooms freshly painted.
Two parcels are included in the purchase, along with an adjacent vacant lot. A barn on the property has been finished and includes a kitchen, living room, bedroom, and bathroom, and also provides two oversized single-car parking spaces, abundant additional storage, and a separate storage bay. The location is described as steps from Lake Erie and within walking distance of local coffee shops and restaurants.
The flexible on-site improvements offer multiple spaces beyond the primary two-unit residence, supported by the finished barn’s enclosed layout and built-in storage and parking areas.
Two parcels are included in the purchase, along with an adjacent vacant lot. A barn on the property has been finished and includes a kitchen, living room, bedroom, and bathroom, and also provides two oversized single-car parking spaces, abundant additional storage, and a separate storage bay. The location is described as steps from Lake Erie and within walking distance of local coffee shops and restaurants.
The flexible on-site improvements offer multiple spaces beyond the primary two-unit residence, supported by the finished barn’s enclosed layout and built-in storage and parking areas.
Key Highlights
- Two‑family home with 2nd‑floor unit plus first‑floor unit: first floor has 2 bedrooms and 1 full bath; second floor has 1 bedroom and 1 full bath
- Construction materials include vinyl siding; roof is asphalt with fiberglass components
- Heating: natural gas forced air; cooling: window unit(s); water and sewer provided by public systems
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 4.81%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,610 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$430.4K
$376.6K – $502.2K
NOI $30,129 @ 7.0% cap · market cap 9.27%
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 - Two-unit home with a finished barn and adjacent vacant lot, minutes from Lake Erie.
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 $325,000.
What are key features of this property?
This property features: Two‑family home with 2nd‑floor unit plus first‑floor unit: first floor has 2 bedrooms and 1 full bath; second floor has 1 bedroom and 1 full bath; Construction materials include vinyl siding; roof is asphalt with fiberglass components; Heating: natural gas forced air; cooling: window unit(s); water and sewer provided by public systems
