Updated Two-Unit
For Sale
Under Contract
$369,000
14537 Bayes Avenue, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size2,428 SF
Lot Size0.14 Acres
Price / SF$151.98
Days on Market50
Property Features for 14537 Bayes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Basement, Laundry Room, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Garage, Driveway
Interior features
BuiltInFeatures, CeilingFans, EntranceFoyer, NaturalWoodwork
Exterior features
Balcony, Garden
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Bayes
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
From Warren Rd, turn onto Bayes Avenue, Address is on the right
Standard status
Active Under Contract
APN
314-20-076
Size
2,428 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
19 BAYES 0023 WP
Tax Annual Amount
6134
Legal Description
19 BAYES 0023 WP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
enclosed front porch
open-air front porch
separate laundry
central air conditioning
balcony
garage
Building Details
Year built
1922
Floors in Building
2
Building materials
VinylSiding
Roof type
Shingle
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Valerie Johnson · License #2025003668
(239) 243-6621
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 2 at 11:06PM
MLS# 5243633
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.
Located at 14537 Bayes Avenue in Lakewood, Ohio, this 1922 duplex contains 2,428 square feet on a 0.1433-acre lot. The property has two units, each arranged with 2 bedrooms and 1 full bathroom. Interior details include natural woodwork, built-in features, ceiling fans, and forced-air heating. The upper apartment includes a remodeled bathroom and enclosed front porch, while the lower unit has an open-air front porch. Both residences provide individual central air conditioning and separate laundry areas.
Outdoor features include a balcony for each level, a maintained yard, driveway parking, and a garage with electric service. The property is connected to public water and public sewer and has a shingle roof with vinyl siding. Appliances include ranges, refrigerators, dishwashers, washers, and dryers.
Outdoor features include a balcony for each level, a maintained yard, driveway parking, and a garage with electric service. The property is connected to public water and public sewer and has a shingle roof with vinyl siding. Appliances include ranges, refrigerators, dishwashers, washers, and dryers.
Key Highlights
- Two‑unit duplex with 2,428 square feet of building area
- Each unit offers 2 bedrooms and 1 full bathroom
- 0.1433‑acre lot in Lakewood, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,744
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,880
$514.9K
Cap Rate 7%
$367,771
$367.8K
Cap Rate 9%
$286,044
$286.0K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$39.3K $16.20/SF
− Vacancy
−$2.6K −$1.05/SF
EGI
$36.8K $15.15/SF
− OpEx
−$11.0K −$4.54/SF
NOI
$25.7K $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%
$514,880
Cap Rate 7%
$367,771
Cap Rate 9%
$286,044
Alternative Uses
Best Use
Multifamily LT 5
$367.8K
$321.8K – $429.1K
NOI $25,744 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$342.9K
$300.0K – $400.0K
NOI $24,002 @ 7.0% cap · market cap 6.50%
Theoretical Best
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,179 @ 7.0% cap · market cap 36.90%
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
642
Businesses Nearby
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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 - Lakewood duplex with separate laundry, central air, porches, balconies, and a detached garage with electric service.
Where is this duplex located?
The property is located at 14537 Bayes Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,428 square feet of building area; Each unit offers 2 bedrooms and 1 full bathroom; 0.1433‑acre lot in Lakewood, Ohio
