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    Brick Duplex with Sunroom Title is generated by Realmo AI

    16684 Libby Road, Maple Heights, OH 44137

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    For Sale
    $189,000

    MULTI_FAMILY - Maple Heights, OH

    Property size:
    2,030 SF
    Lot size:
    0.76 Acres
    Price / SF:
    $93/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 16684 Libby Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 4
    Parking features
    Garage
    Appliances
    Dryer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    781-23-036
    Size
    2,030 SF
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4417

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Armando Galvez

    Listing agent Armando Galvez License #2020005814

    Listing office RE/MAX Above & Beyond 25021 Center Ridge Road, Middleburg Heights, OH

    Listing date Jun 5, 2026

    MLS# 5216583 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

    • Brick front duplex built in 1965 with 2 bathrooms and 4 total bedrooms (Bedroom 1–4)
    • Lower unit currently occupied at $987/month with a lease locked through January 2027
    • Upstairs unit rents for $992/month on a month‑to‑month agreement
    • Combined gross monthly income of $1,979 from both units
    • Public water and public sewer; natural gas forced‑air heating
    • Shared basement includes a commercial‑grade card payment washer and dryer system; appliances include washer, dryer, range, and refrigerator

    Overview

    This brick front duplex at 16684 Libby Road offers a straightforward two-unit setup with bright, classic kitchens and a window-lined sunroom that can serve as extra living space for tenants. The property also includes a shared basement with a commercial grade, card payment washer and dryer system. Outside, there is a spacious paved driveway and a large backyard designed for tenant enjoyment.

    The lower unit is currently occupied and paying $987 per month, with a lease in place through January 2027. The upstairs unit is rented at $992 per month on a month-to-month arrangement. The seller lists combined gross monthly income of $1,979.

    For investors and owner-occupants looking for immediate rental income, this duplex provides an in-place, longer-term tenancy on the lower level while keeping flexibility with the upstairs unit. The commercial-grade, card payment laundry setup is intended to reduce friction around payments and add a practical amenity for residents. The property is positioned for buyers evaluating income-qualifying financing approaches, based on the stated combined gross monthly income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.563447
    Latitude
    41.416185

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    FAQs

    What type of property is this?
    Duplex - Two-unit brick duplex with a sunroom, paved driveway, and large backyard, featuring one unit leased through January 2027.
    Where is this duplex located?
    The property is located at 16684 Libby Road Maple Heights, OH.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Brick front duplex built in 1965 with 2 bathrooms and 4 total bedrooms (Bedroom 1–4); Lower unit currently occupied at $987/month with a lease locked through January 2027; Upstairs unit rents for $992/month on a month‑to‑month agreement
    (440) 668-6746
    We can help!
    Listing Contact
    Armando Galvez
    Real Estate License ID: 2020005814
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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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