Updated Two-Family Duplex with Central
For Sale
$409,000
19619 Winslow Rd, Shaker Heights, OH 44122
Vacant, extensively renovated two-family duplex with central air, updated kitchens and baths, and dedicated laundry for the upper unit.
Property Size3,217 SF
Price / SF$127.14
Days on Market97
Property Features for 19619 Winslow Rd
General Information
Standard status
Active
Size
3,217 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Neighborhood
Moreland
Building Details
Year Built
1928
Year Renovated
2015
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Keller Williams Greater Metropolitan
Listed By:
Sam Zimmer · License #2013004655
(216) 469-4635
Source:
Theacclaimedrealty
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 7 at 5:41PM
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 Greater Metropolitan
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Investment Insights
Based on property information with market context.
Updated two-family duplex with central air and extensive renovations completed in 2015. The home is currently vacant, giving an owner-occupant the option to select a preferred unit while renting the other, or leasing both units.
The first-floor unit includes two bedrooms, one full bathroom, hardwood floors, and an updated kitchen with quality cabinetry, granite countertops, and ample storage. The upper unit spans the second and third floors and offers four bedrooms, two full bathrooms, hardwood flooring throughout with new carpet installed in one bedroom, and an updated kitchen with quality cabinetry, granite countertops, and ample storage. The upper unit also has a dedicated third-floor laundry area, and the large basement provides storage plus a separate laundry area for the first-floor unit.
Outside, there is a two-car garage along with off-street parking for a third vehicle, plus a grassy yard. Exterior work includes a fresh coat of paint in 2026 and extensive masonry work completed in 2026.
The first-floor unit includes two bedrooms, one full bathroom, hardwood floors, and an updated kitchen with quality cabinetry, granite countertops, and ample storage. The upper unit spans the second and third floors and offers four bedrooms, two full bathrooms, hardwood flooring throughout with new carpet installed in one bedroom, and an updated kitchen with quality cabinetry, granite countertops, and ample storage. The upper unit also has a dedicated third-floor laundry area, and the large basement provides storage plus a separate laundry area for the first-floor unit.
Outside, there is a two-car garage along with off-street parking for a third vehicle, plus a grassy yard. Exterior work includes a fresh coat of paint in 2026 and extensive masonry work completed in 2026.
Key Highlights
- Extensively renovated in 2015 with updated electrical wiring and modern plumbing
- Currently vacant, allowing an owner‑occupant to choose a preferred unit
- Central air throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,110
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,200
$682.2K
Cap Rate 7%
$487,286
$487.3K
Cap Rate 9%
$379,000
$379.0K
Market Conditions
NOI Build-Up for 3,217 SF
Gross rent
$52.1K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$48.7K $15.15/SF
− OpEx
−$14.6K −$4.54/SF
NOI
$34.1K $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%
$682,200
Cap Rate 7%
$487,286
Cap Rate 9%
$379,000
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.5K
NOI $34,110 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$454.3K
$397.5K – $530.0K
NOI $31,801 @ 7.0% cap · market cap 7.78%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,432 @ 7.0% cap · market cap 44.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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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 - Vacant, extensively renovated two-family duplex with central air, updated kitchens and baths, and dedicated laundry for the upper unit.
Where is this duplex located?
The property is located at 19619 Winslow Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Extensively renovated in 2015 with updated electrical wiring and modern plumbing; Currently vacant, allowing an owner‑occupant to choose a preferred unit; Central air throughout both units
