Side-by-Side Duplex with
For Sale
$355,000
1350 Thoreau Road, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size3,178 SF
Lot Size0.10 Acres
Price / SF$111.71
Days on Market47
Property Features for 1350 Thoreau Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 6, Bedroom 1, Basement, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 7, Bathroom 2
Parking features
On Street
Appliances
Range, Refrigerator
Subdivision
Rockport Sec 21
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
South of Clifton and North of Detroit
Standard status
Active
APN
312-31-071
Size
3,178 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 SAAL 0010 ALL
Tax Annual Amount
5770
Legal Description
21 SAAL 0010 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1908
Floors in Building
3
Building materials
WoodSiding
Roof type
Slate, Fiberglass, Asphalt
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Corey Zucker · License #2018000952
(440) 463-5253
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 20 at 12:06PM
MLS# 5242114
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 side-by-side duplex contains 3,178 square feet across a 4-bedroom unit and a 3-bedroom unit. Both residences include living and dining rooms, enclosed front sunrooms, spacious kitchens, kitchen-adjacent bonus areas, private basements, and separate attic storage. The larger unit has a completed third-floor bedroom, while the other includes an unfinished third floor that may accommodate additional living area. Improvements include a newer entry door, replacement windows, updated flooring, refreshed finishes, newer cabinetry in the 4-bedroom residence, and a newer tub surround in the 3-bedroom residence.
The 0.1038-acre property is located at 1350 Thoreau Road in Lakewood, Ohio, with Garfield Middle School directly behind the backyard and no rear residential neighbors. Parks, schools, shopping, restaurants, Lake Erie, and Downtown Cleveland are identified nearby. Building systems include forced-air natural-gas heat, public water, public sewer, and window-unit or ceiling-fan cooling. On-street parking is provided.
The 0.1038-acre property is located at 1350 Thoreau Road in Lakewood, Ohio, with Garfield Middle School directly behind the backyard and no rear residential neighbors. Parks, schools, shopping, restaurants, Lake Erie, and Downtown Cleveland are identified nearby. Building systems include forced-air natural-gas heat, public water, public sewer, and window-unit or ceiling-fan cooling. On-street parking is provided.
Key Highlights
- Side‑by‑side duplex with 4‑bedroom and 3‑bedroom units
- 3,178 square feet on a 0.1038‑acre lot
- Enclosed front sunrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,416
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,320
$628.3K
Cap Rate 7%
$448,800
$448.8K
Cap Rate 9%
$349,067
$349.1K
Market Conditions
NOI Build-Up for 3,178 SF
Gross rent
$60.6K $19.08/SF
− Vacancy
−$3.5K −$1.11/SF
EGI
$57.1K $17.97/SF
− OpEx
−$25.7K −$8.09/SF
NOI
$31.4K $9.89/SF
Area
Cuyahoga County, OH
Vacancy
5.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,320
Cap Rate 7%
$448,800
Cap Rate 9%
$349,067
Alternative Uses
Best Use
Multifamily LT 5
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$448.8K
$392.7K – $523.6K
NOI $31,416 @ 7.0% cap · market cap 8.85%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,245 @ 7.0% cap · market cap 50.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
771
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer private basements, attic storage, and flexible bonus areas beside the kitchens.
Where is this duplex located?
The property is located at 1350 Thoreau Road Lakewood, OH.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 4‑bedroom and 3‑bedroom units; 3,178 square feet on a 0.1038‑acre lot; Enclosed front sunrooms in both residences
