14603 Garfield Avenue, Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 6:06 pm
Property Features for 14603 Garfield Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bathroom 2
- Parking features
- Garage
- Exterior features
- Awnings, Balcony
- Appliances
- Dryer, Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 314-21-038
- Size
- 1,900 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 19 HOMELAND 0038 ALL
- Tax Annual Amount
- 6298
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1944
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
Listing agent Jayme Kostelnik License #2020005577 (216) 209-3136
Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH (216) 839-5500
Listing date Jun 26, 2026
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 with a newer roof, built in 1944
- Vacant unit available for owner‑occupants; second unit is tenant‑occupied through April 2027
- Includes all kitchen appliances plus washer and dryer sets in both units
- Two‑car garage and off‑street parking, with partially fenced backyard featuring a patio and back porch
- Large dry basement plus forced‑air natural gas heating and window/ceiling fan cooling
- Public water and public sewer service
Overview
Located in Lakewood, Ohio on a quiet, tree-lined street, the property provides convenient access to major routes via easy highway access. The overall setup supports both owner-occupants and landlords who want straightforward units with practical in-home features.
For owner-occupants, the vacant unit provides immediate move-in flexibility while the second unit can provide ongoing rental income. For investors, the leased unit offers near-term stability while the vacant unit can be improved to create a cohesive, rentable duplex. With laundry facilities in each unit, included appliances, and durable improvements like a newer roof, the property is geared for comfortable tenancy from the start.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $28.8k | $15.15 |
| − OpEx | −$8.6k | −$4.54 |
| NOI | $20.1k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.797534
- Latitude
- 41.471908
