Duplex With Detached
For Sale
$289,999
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
Price / SF$114.35
Days on Market104
Property Features for 17415 Winslow Rd
General Information
Standard status
Active
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
(216) 403-8180
Listed By:
De'Chella Woodruff · License #2018004577
(216) 403-8180
Source:
Exprealty
Added: May 1
Changed: Aug 9
Last Checked: Aug 12 at 9:57AM
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.
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,380
$501.4K
Cap Rate 7%
$358,129
$358.1K
Cap Rate 9%
$278,544
$278.5K
Market Conditions
NOI Build-Up for 2,536 SF
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.
Gross rent
$48.4K $19.08/SF
− Vacancy
−$2.8K −$1.11/SF
EGI
$45.6K $17.97/SF
− OpEx
−$20.5K −$8.09/SF
NOI
$25.1K $9.89/SF
Area
Cuyahoga County, OH
Vacancy
5.80%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,380
Cap Rate 7%
$358,129
Cap Rate 9%
$278,544
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,069 @ 7.0% cap · market cap 8.64%
Theoretical Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,237 @ 7.0% cap · market cap 49.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
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
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
