15506 Lydian Avenue, Cleveland, OH 44111
MULTI_FAMILY - Cleveland, OH
- Added:
- Jun 17, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 24 at 9:06 pm
Property Features for 15506 Lydian Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2
- Parking features
- Open, Garage
- Standard status
- Active Under Contract
- APN
- 025-20-020
- Size
- 2,240 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 12 WAGNER 0051 ALL
- Tax Annual Amount
- 5661
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Building materials
- Brick, VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Zee Sukalic License #2013004099 (216) 235-6125
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Jun 17, 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
- Built in 1930 with brick and vinyl siding exterior
- Central air conditioning plus forced‑air heating with natural gas
- Public water and public sewer
- Roof includes asphalt and fiberglass components
- Layout includes 4 bedrooms, 2 bathrooms, and a basement
- Parking includes a garage and open off‑street parking
Overview
Located in Cleveland, the property provides convenient access to shopping, dining, parks, schools, and major highways. The listing notes quick connections to Cleveland Hopkins International Airport, as well as I-71 and I-90, with downtown Cleveland and the Metroparks described as nearby.
The configuration is well-suited to an owner-occupant seeking a comfortable residence with income potential, or an investor looking for a manageable, residential-style asset. The combination of an updated kitchen, private outdoor space, and off-street parking adds practical day-to-day value for tenants and future residents. Open house dates are scheduled for 6/20/26 from 10am to noon and 6/21/26 from 11am to 1pm, with showings available by appointment.
Local Financial Insights For Apartment 5plus
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 | $38.4k | $17.16 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $36.1k | $16.11 |
| − OpEx | −$16.2k | −$7.25 |
| NOI | $19.9k | $8.86 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.805918
- Latitude
- 41.456293
