Renovated Two-Unit Duplex with
For Sale
$269,900
201 W Glendale St, Bedford, OH 44146
Updated interiors support owner occupancy or leasing both residences.
Property Size2,300 SF
Price / SF$117.35
Days on Market19
Property Features for 201 W Glendale St
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,254
Amenities
finished rec room
ceiling fans
glass block windows
concrete drive
garage remotes
Building Details
Year Built
1959
Buildings
1
Construction
colonial
Listing Agency:
Signature Resource Group, LLC.
(216) 244-3252
Listed By:
Sheetal M Jain
(216) 244-3252
Source:
Exprealty
Added: Aug 3
Changed: Aug 21
Last Checked: Aug 21 at 12:09PM
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 Signature Resource Group, LLC.
Investment Insights
Based on property information with market context.
This 2,300-square-foot colonial-style duplex, constructed in 1959, contains two three-bedroom residences with functional layouts. A finished basement recreation room expands usable space, while the property also includes a three-car garage and concrete driveway.
Recent improvements include renovated kitchens with granite countertops and stainless steel refrigerators, ranges, dishwashers, and built-in microwaves. Both bathrooms have been updated, and the units feature LVP flooring, vinyl windows, new furnaces, new hot water tanks, ceiling fans, garage remotes, and glass block windows.
The property is located at 201 W Glendale St in Bedford, OH, minutes from primary schools, parks, shopping, and downtown Bedford amenities. The configuration supports renting both units or occupying one residence while leasing the other.
Recent improvements include renovated kitchens with granite countertops and stainless steel refrigerators, ranges, dishwashers, and built-in microwaves. Both bathrooms have been updated, and the units feature LVP flooring, vinyl windows, new furnaces, new hot water tanks, ceiling fans, garage remotes, and glass block windows.
The property is located at 201 W Glendale St in Bedford, OH, minutes from primary schools, parks, shopping, and downtown Bedford amenities. The configuration supports renting both units or occupying one residence while leasing the other.
Key Highlights
- 2,300‑square‑foot duplex with 2 units and 3 bedrooms in each unit
- Built in 1959 with colonial‑style design
- Finished basement recreation room and 3‑car garage
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
$24,387
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
9.04%
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%
$487,740
$487.7K
Cap Rate 7%
$348,386
$348.4K
Cap Rate 9%
$270,967
$271.0K
Market Conditions
NOI Build-Up for 2,300 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
$37.3K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.8K $15.15/SF
− OpEx
−$10.5K −$4.54/SF
NOI
$24.4K $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%
$487,740
Cap Rate 7%
$348,386
Cap Rate 9%
$270,967
Alternative Uses
Best Use
Multifamily LT 5
$348.4K
$304.8K – $406.5K
NOI $24,387 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 8.42%
Theoretical Best
Warehouse
$1.84M
$1.61M – $2.15M
NOI $129,000 @ 7.0% cap · market cap 47.80%
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
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
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 - Updated interiors support owner occupancy or leasing both residences.
Where is this duplex located?
The property is located at 201 W Glendale St Bedford, OH.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,300‑square‑foot duplex with 2 units and 3 bedrooms in each unit; Built in 1959 with colonial‑style design; Finished basement recreation room and 3‑car garage
