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    Updated Duplex in Lakewood Title is generated by Realmo AI

    2035 Chesterland Avenue, Lakewood, OH 44107

    View on Map
    Claim this Listing
    Pending
    $335,000

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,100 SF
    Lot size:
    0.11 Acres
    Added:
    May 6, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 24 at 11:06 am

    Property Features for 2035 Chesterland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Laundry Room, Basement, Bedroom 2, Bathroom 2
    Parking features
    Garage, Driveway, Off Street, On Street
    Interior features
    GraniteCounters, OpenFloorplan, Storage, VaultedCeilings
    Exterior features
    Balcony, Lighting, Storage
    Appliances
    Dryer, Range, Refrigerator, Washer
    Standard status
    Pending
    APN
    315-18-109
    Size
    2,100 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    20 L&HCO#1 0220 ALL
    Tax Annual Amount
    5967

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1919
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt
    Additional Structures
    Storage

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    Listing Contact
    Sylvia Incorvaia

    Listing agent Sylvia Incorvaia License #411497

    Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH

    Listing date May 6, 2026

    MLS# 5207516 Listing URL

    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.

    HighLights

    • Duplex built in 1919 with two 2‑bedroom units and functional layouts
    • First‑floor unit offers single‑level living; upper unit spans the second and third floors
    • Forced‑air natural gas heating with window A/C units
    • Granite counters, open floorplan, vaulted ceilings, and in‑unit laundry hookups
    • Detached 2‑car garage plus off‑street, on‑street, and driveway parking
    • Partially fenced backyard with balcony area and additional storage; public water and public sewer

    Overview

    This well-maintained duplex is located in Lakewood and offers an opportunity for both owner-occupants and investors. The property features two spacious 2-bedroom units with character, functional layouts, and natural light. The first-floor unit offers single-level living, while the upper unit spans the second and third floors, providing additional living space. Updates and improvements add peace of mind. Features include vinyl siding, forced air heating, in-unit laundry hookups, and a detached 2-car garage. Outdoor space includes a partially fenced backyard, balcony area, and additional storage options. The property is located south of Madison near parks, restaurants, medical services, shopping, and neighborhood amenities. The property has rental appeal and long-term potential. The lot size is 0.1102 acres, and the property size is 2100 square feet.

    Local 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 $34.0k $16.20
    − Vacancy −$2.2k −$1.05
    EGI $31.8k $15.15
    − OpEx −$9.5k −$4.54
    NOI $22.3k $10.60
    2,100 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $318.1K
    $278.3K – $371.1K (±1% cap)
    NOI $22,266 @ 7.0% cap · market cap 6.65%
    Second Best
    Apartment 5plus
    $296.6K
    $259.5K – $346.0K (±1% cap)
    NOI $20,759 @ 7.0% cap · market cap 6.20%
    Theoretical Best
    Warehouse
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,783 @ 7.0% cap · market cap 35.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.784091
    Latitude
    41.475976

    FAQs

    What type of property is this?
    Duplex - Well-maintained Lakewood duplex with two spacious units and modern updates.
    Where is this duplex located?
    The property is located at 2035 Chesterland Avenue Lakewood, OH.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Duplex built in 1919 with two 2‑bedroom units and functional layouts; First‑floor unit offers single‑level living; upper unit spans the second and third floors; Forced‑air natural gas heating with window A/C units
    More about this property
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