Duplex with Two-Car
For Sale
$347,000
1200 Cook Ave, Lakewood, OH 44107
Two residential units include private porches, a fenced yard, and flexible third-floor space.
Property Size2,445 SF
Price / SF$141.92
Days on Market72
Property Features for 1200 Cook Ave
General Information
Standard status
Active
Size
2,445 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced back yard
front porch
Building Details
Year Built
1909
Buildings
1
Stories
3
Listing Agency:
Keller Williams Citywide
Listed By:
Bill Calabrase · License #2016003197
(440) 823-8657
Source:
Thelindsayteam
Added: Aug 5
Changed: Oct 12
Last Checked: Oct 14 at 11:56PM
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 Keller Williams Citywide
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1909, this duplex contains 2445 SF with two residential units. Each unit offers two bedrooms and one full bathroom, while the third-floor areas provide additional living space or potential bedroom use. Both units also have front porches, and the property includes a roomy two-car garage and fenced backyard.
Recent improvements and updates include vinyl windows, vinyl siding, an updated electrical system, a newer driveway, furnaces installed in 2015, and hot water tanks installed in 2023. The roof is reported to be less than 20 years old. The property is POS compliant and sits 2.4 miles from I-90, with retail businesses nearby.
Recent improvements and updates include vinyl windows, vinyl siding, an updated electrical system, a newer driveway, furnaces installed in 2015, and hot water tanks installed in 2023. The roof is reported to be less than 20 years old. The property is POS compliant and sits 2.4 miles from I-90, with retail businesses nearby.
Key Highlights
- Duplex with 2445 SF and two units
- Each unit has 2 bedrooms and 1 full bathroom
- Third‑floor space offers additional living area or potential bedroom use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,924
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,480
$518.5K
Cap Rate 7%
$370,343
$370.3K
Cap Rate 9%
$288,044
$288.0K
Market Conditions
NOI Build-Up for 2,445 SF
Gross rent
$39.6K $16.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$37.0K $15.15/SF
− OpEx
−$11.1K −$4.54/SF
NOI
$25.9K $10.60/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,480
Cap Rate 7%
$370,343
Cap Rate 9%
$288,044
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$345.3K
$302.1K – $402.8K
NOI $24,170 @ 7.0% cap · market cap 6.97%
Theoretical Best
Warehouse
$1.96M
$1.71M – $2.29M
NOI $137,133 @ 7.0% cap · market cap 39.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private porches, a fenced yard, and flexible third-floor space.
Where is this duplex located?
The property is located at 1200 Cook Ave Lakewood, OH.
What is the asking price?
The asking price for this property is $347,000.
What are key features of this property?
This property features: Duplex with 2445 SF and two units; Each unit has 2 bedrooms and 1 full bathroom; Third‑floor space offers additional living area or potential bedroom use
