Tudor-Style Duplex
For Sale
$320,000
18428 Winslow Rd, Shaker Heights, OH 44122
Classic Tudor duplex with an upper 5-bedroom unit and a lower 2-bedroom unit, both with full baths.
Property Size2,520 SF
Price / SF$126.98
Days on Market38
Property Features for 18428 Winslow Rd
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$36,360
Building Details
Buildings
1
Construction
Tudor
Tenancy
Multi
Listing Agency:
Keller Williams Living
(330) 607-8592
Listed By:
Michael A Roberts · License #2016002011
(330) 607-8592
Source:
Exprealty
Added: Jun 26
Changed: Jul 31
Last Checked: Jul 31 at 3:45AM
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 Keller Williams Living
Investment Insights
Based on property information with market context.
This Tudor-style duplex home features original architectural character and craftsmanship associated with the Winslow Road Historic District. The upper unit offers five bedrooms and two full bathrooms and is currently tenant-occupied. The lower unit has two bedrooms and one full bathroom and is also rented, supporting an investor-oriented cash-flow profile.
The property is located on Winslow Rd in Shaker Heights, offering proximity to the Van Aken District as well as rapid transit, parks, shopping, and restaurants. It is also positioned for future owner-occupancy possibilities while maintaining rental income from the other unit.
With a total property size of 2,520 SF, the layout supports flexible use for investors looking for both tenancy and practical live-in potential.
The property is located on Winslow Rd in Shaker Heights, offering proximity to the Van Aken District as well as rapid transit, parks, shopping, and restaurants. It is also positioned for future owner-occupancy possibilities while maintaining rental income from the other unit.
With a total property size of 2,520 SF, the layout supports flexible use for investors looking for both tenancy and practical live-in potential.
Key Highlights
- 2,520 SF Tudor‑style duplex in the Winslow Road Historic District
- Upper unit: 5 bedrooms and 2 full bathrooms, currently tenant‑occupied
- Lower unit: 2 bedrooms and 1 full bathroom, currently rented
Financial Insights For Multifamily LT 5
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 | $40.8k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $38.2k | $15.15 |
| − OpEx | −$11.5k | −$4.54 |
| NOI | $26.7k | $10.60 |
2,520 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 7.78%
Theoretical Best
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,339 @ 7.0% cap · market cap 44.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 44122, OH
36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
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 - Classic Tudor duplex with an upper 5-bedroom unit and a lower 2-bedroom unit, both with full baths.
Where is this duplex located?
The property is located at 18428 Winslow Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,520 SF Tudor‑style duplex in the Winslow Road Historic District; Upper unit: 5 bedrooms and 2 full bathrooms, currently tenant‑occupied; Lower unit: 2 bedrooms and 1 full bathroom, currently rented
