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    Up-and-Down Duplex with Sunroom Title is generated by Realmo AI

    13550 Cedar Road, University Heights, OH 44118

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    New
    For Sale
    $259,900

    MULTI_FAMILY - University Heights, OH

    Lot size:
    0.14 Acres
    Added:
    Jun 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 13550 Cedar Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bedroom 4, Bathroom 2, Bedroom 1, Laundry Room, Bathroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage
    Interior features
    CeilingFans, NaturalWoodwork
    Appliances
    Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    722-01-091
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    4 CDRBRK#2 0006 ALL
    Tax Annual Amount
    4487

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Gina Meyer

    Listing agent Gina Meyer License #2017004161

    Listing office McDowell Homes Real Estate Services 7230 Mentor Avenue, Mentor, OH

    Listing date Jun 7, 2026

    MLS# 5216713 Listing URL

    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.

    HighLights

    • Well‑maintained brick duplex built in 1940 with forced‑air heating
    • Two separate units with 2 bedrooms and 1 full bath each
    • Each unit includes updated flooring, neutral finishes, and functional room layouts
    • Full basement with storage plus separate utility areas
    • Parking includes a garage
    • Public water and public sewer; roof features asphalt and fiberglass

    Overview

    This well-maintained up-and-down duplex contains two separate residential units, each with two bedrooms and one full bathroom. Both apartments are described as having bright, open living spaces with updated flooring and neutral finishes, along with functional room layouts. Kitchens are designed with ample cabinet space and flow into the living areas. The upper unit is noted for additional privacy, while the lower unit includes a sunroom. A full basement provides additional storage and includes separate utility areas.

    Located at 13550 Cedar Road in University Heights, OH 44118 (Cuyahoga County), the property is described as being near shopping, restaurants, parks, hospitals, universities, and major highways, supporting convenient access to surrounding amenities and regional routes.

    This configuration offers straightforward flexibility for tenants, buyers, and owner-occupants who want either to lease both units or live in one unit while renting the other. With two similarly sized layouts, shared exterior amenities, a backyard for outdoor use, and convenient parking, the property is positioned for residential income or mixed-use household living. The combination of a sunroom, basement storage, and two full-bath units may appeal to renters seeking comfort and utility within a duplex structure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    University Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.55246
    Latitude
    41.501036

    Nearby Similar for Sale

    • $444,900
      5,237 SF

      University Heights Multifamily Opportunity

      Multifamily property near shopping, schools, and local amenities.
      2638 Fenwick Road, University Heights, OH 44118
      View Details
    • $349,000
      3,568 SF

      Well-Maintained Duplex with Recent Updates

      Duplex with strong cash flow potential and updated mechanicals.
      13570 Cedar Road, University Heights, OH 44118
      View Details

    FAQs

    What type of property is this?
    Duplex - Owner-occupy or rent both sides; each unit has two bedrooms, one bath, and a sunroom option.
    Where is this duplex located?
    The property is located at 13550 Cedar Road University Heights, OH.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Well‑maintained brick duplex built in 1940 with forced‑air heating; Two separate units with 2 bedrooms and 1 full bath each; Each unit includes updated flooring, neutral finishes, and functional room layouts
    (440) 226-1642
    We can help!
    Listing Contact
    Gina Meyer
    Real Estate License ID: 2017004161
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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