Duplex with Front
New
For Sale
$228,888
1346 Cove Avenue, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size1,828 SF
Lot Size0.10 Acres
Price / SF$125.21
Days on Market1
Property Features for 1346 Cove Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Basement, Laundry Room
Parking features
Driveway
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
Between Clifton and Detroit
Standard status
Active
APN
312-32-116
Size
1,828 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5976
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Gas (Cooling), Separate Meters
Water source
Public
Amenities
front porch
Building Details
Year built
1898
Floors in Building
2
Building materials
AluminumSiding
Roof type
Asphalt, Fiberglass
Buildings
1
Listing Agency:
81 West Realty, LLC.
(440) 345-9062
Listed By:
Dion P Hocking · License #2012001516
(440) 476-2132
Added: Oct 28
Last Checked: Oct 28 at 9:06PM
MLS# 5251575
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.
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Investment Insights
Based on property information with market context.
This 1,828-square-foot duplex contains two two-bedroom residences, each with a front porch. The 0.097-acre property was built in 1898 and has aluminum siding, forced-air natural gas heat, and driveway parking. Public water and sewer serve the property.
Restaurants, shops, grocery stores, medical facilities, and public transportation are within walking distance. Lake Erie is also nearby, with Downtown Cleveland described as a short drive away.
Restaurants, shops, grocery stores, medical facilities, and public transportation are within walking distance. Lake Erie is also nearby, with Downtown Cleveland described as a short drive away.
Key Highlights
- Two residences, each with two bedrooms
- 1,828 square feet on a 0.097‑acre lot
- Front porch at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,382
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,640
$387.6K
Cap Rate 7%
$276,886
$276.9K
Cap Rate 9%
$215,356
$215.4K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$29.6K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.7K $15.15/SF
− OpEx
−$8.3K −$4.54/SF
NOI
$19.4K $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%
$387,640
Cap Rate 7%
$276,886
Cap Rate 9%
$215,356
Alternative Uses
Best Use
Multifamily LT 5
$276.9K
$242.3K – $323.0K
NOI $19,382 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$258.1K
$225.9K – $301.2K
NOI $18,070 @ 7.0% cap · market cap 7.89%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,527 @ 7.0% cap · market cap 44.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
846
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom residences are occupied and include a front porch.
Where is this duplex located?
The property is located at 1346 Cove Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $228,888.
What are key features of this property?
This property features: Two residences, each with two bedrooms; 1,828 square feet on a 0.097‑acre lot; Front porch at each residence
