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Duplex With Detached Garage
For Sale
$289,999
Pending

17415 Winslow Rd, Shaker Heights, OH 44120

Two residential units offer fireplaces, formal dining rooms, stainless steel appliances, and rear porches.

Property Size2,536 SF
Days on Market94

Property Features for 17415 Winslow Rd

General Information

Standard status Pending
Size 2,536 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $8,242

Building Details

Tenancy Multi
Listing Agency: HomeSmart Real Estate Momentum LLC
Listed By: De'Chella Woodruff · License #2018004577
Source: Exprealty
Added: May 1 Changed: Aug 2 Last Checked: Aug 2 at 5:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Real Estate Momentum LLC

Investment Insights

Based on property information with market context.

This 2,536-square-foot duplex in Shaker Heights includes two residential units with complementary layouts. Each unit has a living room with fireplace, formal dining room, kitchen equipped with stainless steel appliances, two bedrooms, one full bathroom, and a rear porch. The third floor adds three bedrooms and one full bathroom, providing additional residential space within the property.

Outdoor features include a backyard with ample parking and a detached two-car garage. Located at 17415 Winslow Rd in Shaker Heights, the property offers a multi-unit configuration with substantial interior space and dedicated parking improvements.

Key Highlights

  • 2,536‑square‑foot duplex in Shaker Heights
  • Each unit includes 2 bedrooms and 1 full bath
  • Living rooms feature fireplaces; kitchens have stainless steel appliances

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 $48.4k $19.08
− Vacancy −$2.8k −$1.11
EGI $45.6k $17.97
− OpEx −$20.5k −$8.09
NOI $25.1k $9.89
2,536 SF · lease $19.08/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.2K (±1% cap)
NOI $26,889 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K (±1% cap)
NOI $25,069 @ 7.0% cap · market cap 8.64%
Theoretical Best
Warehouse
$2.03M
$1.78M – $2.37M (±1% cap)
NOI $142,237 @ 7.0% cap · market cap 49.05%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Food Market Law Firm HVAC Service Grocery & Convenience Store Computer & Electronic Repair Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

643
Businesses Nearby

Demographics for 44120, OH

34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer fireplaces, formal dining rooms, stainless steel appliances, and rear porches.
Where is this duplex located?
The property is located at 17415 Winslow Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: 2,536‑square‑foot duplex in Shaker Heights; Each unit includes 2 bedrooms and 1 full bath; Living rooms feature fireplaces; kitchens have stainless steel appliances
More about this property
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