Side-by-Side Ranch
New
For Sale
$315,000
14185 Niagara Drive, Strongsville, OH 44136
ResidentialIncome, Strongsville, OH
Property Size1,769 SF
Lot Size0.44 Acres
Price / SF$178.07
Days on Market3
Property Features for 14185 Niagara Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Garage, Driveway
Elementary school district
Strongsville CSD - 1830
Middle school district
Strongsville CSD - 1830
High school district
Strongsville CSD - 1830
Directions
E. Royalton Rd. to South on Delaware. Left on Niagara.
Standard status
Active
APN
396-17-083
Size
1,769 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3140
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
back deck
backyard
Building Details
Year built
1962
Floors in Building
1
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Jack Krusinski · License #2021004622
(216) 789-6736
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 21 at 12:06PM
MLS# 5237133
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.
Investment Insights
Based on property information with market context.
This 1,769-square-foot side-by-side duplex in Strongsville offers two ranch-style residences, each with two bedrooms, one full bathroom, and a formal living room. The left unit includes a private rear deck, while the property also provides a three-car garage and driveway parking. Brick construction, forced-air heating, central air, an asphalt and fiberglass roof, public water, and public sewer are in place. Built in 1962, the property requires some work.
The right residence is vacant, while the left residence is occupied under a lease extending through 3/31/2027. The 0.441-acre parcel is approximately five minutes from SouthPark Mall and less than 10 minutes from the Cleveland Metroparks. Located at 14185 Niagara Drive in Strongsville, the property combines a two-unit layout with established residential surroundings and convenient access to shopping, dining, and outdoor amenities.
The right residence is vacant, while the left residence is occupied under a lease extending through 3/31/2027. The 0.441-acre parcel is approximately five minutes from SouthPark Mall and less than 10 minutes from the Cleveland Metroparks. Located at 14185 Niagara Drive in Strongsville, the property combines a two-unit layout with established residential surroundings and convenient access to shopping, dining, and outdoor amenities.
Key Highlights
- Side‑by‑side duplex with two 2‑bedroom, 1‑bath units
- 1,769 square feet on a 0.441‑acre parcel
- Three‑car garage plus driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,140
$375.1K
Cap Rate 7%
$267,957
$268.0K
Cap Rate 9%
$208,411
$208.4K
Market Conditions
NOI Build-Up for 1,769 SF
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.
Gross rent
$28.7K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$26.8K $15.15/SF
− OpEx
−$8.0K −$4.54/SF
NOI
$18.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,140
Cap Rate 7%
$267,957
Cap Rate 9%
$208,411
Alternative Uses
Best Use
Multifamily LT 5
$268.0K
$234.5K – $312.6K
NOI $18,757 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.5K
NOI $17,487 @ 7.0% cap · market cap 5.55%
Theoretical Best
Warehouse
$1.42M
$1.24M – $1.65M
NOI $99,218 @ 7.0% cap · market cap 31.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 44136, OH
25,890
Population
11,019
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
94%
High-School Grad
13.5 sq mi
ZIP Area
1,918
Density / Sq Mi
$93,713
Median Household Income
$55,616
Median Earnings
$1,264
Median Rent
$271,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units provide single-level layouts, with a three-car garage, central air, and public utilities.
Where is this duplex located?
The property is located at 14185 Niagara Drive Strongsville, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two 2‑bedroom, 1‑bath units; 1,769 square feet on a 0.441‑acre parcel; Three‑car garage plus driveway parking
