Tudor-Style
For Sale
$320,000
Pending
18428 Winslow Road, Shaker Heights, OH 44122
Separate residences include a five-bedroom upper unit and a two-bedroom lower unit.
Property Size2,520 SF
Days on Market10
Property Features for 18428 Winslow Road
General Information
Standard status
Pending
Size
2,520 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Moreland
Public Transit
Yes
Units
Unit Mix
1 x 5BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,975
Amenities
Common Basement
true
3
7
Common Area
2520
Realist
Public
0.1343
false
Public Records
Paved
1
Building Details
Building Size
2,520 SF
Year Built
1929
Buildings
1
Stories
3
Construction
Tudor-style
Tenancy
Multi
Listing Agency:
(304) 501-5212
Listed By:
Karen Ullom
Source:
Karenullomrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 3 at 8:06AM
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 Karen Ullom
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Investment Insights
Based on property information with market context.
Built in 1929, this 2,520-square-foot duplex has two tenant-occupied residences. The upper unit contains five bedrooms and two full bathrooms; the lower unit has two bedrooms and one full bathroom. A common basement serves the property, which occupies 0.1343 acres. Tudor-style architecture and original woodwork are among its identified features.
The property is on Winslow Road in Shaker Heights, within the Winslow Road Historic District. The Van Aken District, rapid transit, parks, shopping, and restaurants are described as minutes away.
The property is on Winslow Road in Shaker Heights, within the Winslow Road Historic District. The Van Aken District, rapid transit, parks, shopping, and restaurants are described as minutes away.
Key Highlights
- Two tenant‑occupied units: upper residence has 5 bedrooms and 2 full bathrooms; lower has 2 bedrooms and 1 full bathroom
- 2,520‑square‑foot duplex built in 1929
- Common basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,719
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,380
$534.4K
Cap Rate 7%
$381,700
$381.7K
Cap Rate 9%
$296,878
$296.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$40.8K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.2K $15.15/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$26.7K $10.60/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,380
Cap Rate 7%
$381,700
Cap Rate 9%
$296,878
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
340
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences include a five-bedroom upper unit and a two-bedroom lower unit.
Where is this duplex located?
The property is located at 18428 Winslow Road 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: Two tenant‑occupied units: upper residence has 5 bedrooms and 2 full bathrooms; lower has 2 bedrooms and 1 full bathroom; 2,520‑square‑foot duplex built in 1929; Common basement
