Updated Two-Unit
For Sale
$419,000
19619 Winslow Road, Shaker Heights, OH 44122
ResidentialIncome, Shaker Heights, OH
Property Size3,217 SF
Lot Size0.13 Acres
Price / SF$130.25
Days on Market48
Property Features for 19619 Winslow Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 3, Laundry Room
Parking features
Garage
Subdivision
Vans
Elementary school district
Shaker Heights CSD - 1827
Middle school district
Shaker Heights CSD - 1827
High school district
Shaker Heights CSD - 1827
Directions
West off Farnsleigh
Standard status
Active
APN
736-08-017
Size
3,217 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
45 VANS#25 0028 ALL
Tax Annual Amount
9613
Legal Description
45 VANS#25 0028 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
laundry area
basement storage
yard
Building Details
Year built
1928
Floors in Building
3
Building materials
Brick, Stucco
Roof type
Asphalt
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Sam Zimmer · License #2013004655
(216) 469-4635
Added: Jul 22
Changed: Sep 1
Last Checked: Sep 7 at 8:06AM
MLS# 5229525
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.
Built in 1928 and renovated in 2015, this 3,217-square-foot duplex contains two separate residences with updated kitchens, bathrooms, electrical wiring, plumbing, and central air conditioning. The first-floor unit offers two bedrooms and one full bathroom, while the upper residence occupies the second and third floors with four bedrooms and two full bathrooms. Hardwood flooring is featured throughout much of both units, with new carpet in one upper-level bedroom.
A dedicated laundry area serves the upper unit, while the first-floor residence has laundry space in the basement. The basement also provides additional storage. Exterior features include a two-car garage, parking for a third vehicle, a grassy yard, brick and stucco construction, an asphalt roof, and public water and sewer service. The property is vacant and located within walking distance of the Van Aken District.
A dedicated laundry area serves the upper unit, while the first-floor residence has laundry space in the basement. The basement also provides additional storage. Exterior features include a two-car garage, parking for a third vehicle, a grassy yard, brick and stucco construction, an asphalt roof, and public water and sewer service. The property is vacant and located within walking distance of the Van Aken District.
Key Highlights
- Two‑unit duplex totaling 3,217 square feet
- First‑floor unit: 2 bedrooms and 1 full bathroom
- Upper unit: 4 bedrooms and 2 full bathrooms across the second and third floors
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
$34,110
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
8.14%
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%
$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
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
$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 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%
$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 8.14%
Second Best
Apartment 5plus
$454.3K
$397.5K – $530.0K
NOI $31,801 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,432 @ 7.0% cap · market cap 43.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
733
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 - Vacant two-unit home with separate laundry areas, updated kitchens, and central air.
Where is this duplex located?
The property is located at 19619 Winslow Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,217 square feet; First‑floor unit: 2 bedrooms and 1 full bathroom; Upper unit: 4 bedrooms and 2 full bathrooms across the second and third floors
