Side-by-Side Duplex with
New
For Sale
$399,900
1187 Bonnie Ln, Mayfield Heights, OH 44124
Two private units offer flexible occupancy, basement storage, separate driveways, and a detached garage.
Property Size3,876 SF
Price / SF$103.17
Days on Market7
Property Features for 1187 Bonnie Ln
General Information
Standard status
Active
Size
3,876 SF
Total Parking Spaces
2
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
McDowell Homes Real Estate Services
(440) 954-2765
Listed By:
Erin Lennon · License #2022005628
(440) 954-2765
Source:
Exprealty
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 11:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McDowell Homes Real Estate Services
Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex contains 3,876 square feet, with no shared interior access between the units. Each unit includes 3 bedrooms, 1.5 bathrooms, an eat-in kitchen, separate living and dining rooms, and a full unfinished basement for storage. A detached two-car garage and private driveways provide on-site parking.
One unit is vacant, while the other is occupied by a long-term month-to-month tenant, creating flexibility for an owner-occupant or continued rental use. One unit has a brand-new central air conditioning system installed in July 2026. The property is located at 1187 Bonnie Ln in Mayfield Heights, OH, and will be point-of-sale violation free at closing.
One unit is vacant, while the other is occupied by a long-term month-to-month tenant, creating flexibility for an owner-occupant or continued rental use. One unit has a brand-new central air conditioning system installed in July 2026. The property is located at 1187 Bonnie Ln in Mayfield Heights, OH, and will be point-of-sale violation free at closing.
Key Highlights
- 3,876‑square‑foot side‑by‑side duplex with no shared interior access
- Both units offer 3 bedrooms, 1.5 bathrooms, eat‑in kitchens, and separate living and dining rooms
- Full unfinished basement in each unit provides storage space
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 | $50.2k | $12.96 |
| − Vacancy | −$3.3k | −$0.84 |
| EGI | $47.0k | $12.12 |
| − OpEx | −$14.1k | −$3.64 |
| NOI | $32.9k | $8.48 |
3,876 SF · lease $12.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,877 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$411.8K
$360.3K – $480.4K
NOI $28,825 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$729.8K
$638.6K – $851.4K
NOI $51,086 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 44124, OH
40,530
Population
20,064
Households
2
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,666
Density / Sq Mi
$78,895
Median Household Income
$55,741
Median Earnings
$1,132
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two private units offer flexible occupancy, basement storage, separate driveways, and a detached garage.
Where is this duplex located?
The property is located at 1187 Bonnie Ln Mayfield Heights, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,876‑square‑foot side‑by‑side duplex with no shared interior access; Both units offer 3 bedrooms, 1.5 bathrooms, eat‑in kitchens, and separate living and dining rooms; Full unfinished basement in each unit provides storage space
