Multi-Family Home with Detached
For Sale
$289,999
17415 Winslow Road, Shaker Heights, OH 44120
MULTI_FAMILY - Shaker Heights, OH
Property Size2,536 SF
Lot Size0.13 Acres
Price / SF$114.35
Days on Market103
Property Features for 17415 Winslow Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Garage
Subdivision
Van Sweringen Companys Sub #2
Elementary school district
Shaker Heights CSD - 1827
Middle school district
Shaker Heights CSD - 1827
High school district
Shaker Heights CSD - 1827
Directions
Chagrin Blvd to Winslow Rd
Standard status
Active
APN
735-19-029
Size
2,536 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
43 VANS#23 0983 ALL
Tax Annual Amount
8243
Legal Description
43 VANS#23 0983 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Building materials
ShakeSiding, WoodSiding
Roof type
Asphalt, Shingle
Listing Agency:
HomeSmart Real Estate Momentum LLC · HomeSmart International
(440) 578-8058
Listed By:
De'Chella Woodruff · License #2018004577
(216) 403-8180
Added: Apr 29
Changed: Aug 7
Last Checked: Aug 9 at 4:06PM
MLS# 5204509
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.
Investment Insights
Based on property information with market context.
This well-maintained multi-family home offers versatile living and income potential with multiple bedrooms and bathrooms across the layout. Each unit includes a living room with fireplace, a formal dining room, and a kitchen with stainless steel appliances, along with two bedrooms and one full bath. The third floor provides an additional set of rooms, adding three bedrooms and one full bath.
Additional features include a basement and a rear porch. The exterior includes ample backyard space for parking and a detached two-car garage. Construction features include shake and wood siding. The home has forced-air heating and a shingle asphalt roof.
Serviced by public water and public sewer, this property was built in 1925. With seven bedrooms listed among the rooms, it may fit owner-occupants seeking flexible space and investors looking for a multi-unit configuration.
Additional features include a basement and a rear porch. The exterior includes ample backyard space for parking and a detached two-car garage. Construction features include shake and wood siding. The home has forced-air heating and a shingle asphalt roof.
Serviced by public water and public sewer, this property was built in 1925. With seven bedrooms listed among the rooms, it may fit owner-occupants seeking flexible space and investors looking for a multi-unit configuration.
Key Highlights
- Built in 1925
- Two units feature living room fireplace, formal dining, and stainless steel appliance kitchen
- Third‑floor layout adds three bedrooms and one full bath
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 - Well-maintained multi-family home features fireplaces, multiple bedrooms, and a detached two-car garage.
Where is this duplex located?
The property is located at 17415 Winslow Road 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: Built in 1925; Two units feature living room fireplace, formal dining, and stainless steel appliance kitchen; Third‑floor layout adds three bedrooms and one full bath
