Side-by-Side Duplex with Brick
20470 Lake Shore Boulevard Euclid, OH 44123
20470 Lake Shore Boulevard, Euclid, OH, 44123
$222,000
Pending
For Sale
$222,000
Pending
MULTI_FAMILY - Euclid, OH
Property Size2,052 SF
Lot Size0.24 Acres
Days on Market47
Property Features for 20470 Lake Shore Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Laundry Room, Bedroom 1
- Parking features
- Garage
- Standard status
- Pending
- APN
- 642-20-003
- Size
- 2,052 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 17-23 BUNG#6 &S/L14 NEC 0015 NP
- Tax Annual Amount
- 4495
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Fiberglass
Listing agency
Keller Williams Living
(440) 318-1620
Listed by
Michael L Magno · License #2016003542
(216) 236-8849
Added: Jun 5 Updated: Jul 17 at 10:18PM Checked: Jul 21 at 10:06PM
MLS# 5214848
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.
This turnkey brick side-by-side duplex offers a townhome-style layout and totals 4 bedrooms and 2 bathrooms across both units. One side is currently vacant, providing flexibility for an owner-occupant while the other unit is rented. The property has undergone recent improvements, including a new furnace, central air conditioning, a hot water tank, a sewer line cleanout, and chimney work.
Located at 20470 Lake Shore Boulevard in Euclid, Ohio (Cuyahoga County), the property benefits from convenient access to local amenities and transportation. It is positioned for straightforward day-to-day operation as a duplex investment or owner-occupied setup.
The combination of a vacant unit and a rented unit may support a variety of residential income strategies, including moving in on one side while maintaining rental income on the other. With solid brick construction and documented updates to key systems and exterior components, this duplex is presented as ready for its next owner. Please note that tenants should not be disturbed, and the listing remarks specify that this is for end buyers only with no seller or creative financing offers.
Located at 20470 Lake Shore Boulevard in Euclid, Ohio (Cuyahoga County), the property benefits from convenient access to local amenities and transportation. It is positioned for straightforward day-to-day operation as a duplex investment or owner-occupied setup.
The combination of a vacant unit and a rented unit may support a variety of residential income strategies, including moving in on one side while maintaining rental income on the other. With solid brick construction and documented updates to key systems and exterior components, this duplex is presented as ready for its next owner. Please note that tenants should not be disturbed, and the listing remarks specify that this is for end buyers only with no seller or creative financing offers.
Key Highlights
- Brick side‑by‑side duplex in Euclid built in 1956 with public water and public sewer
- 4 bedrooms and 2 bathrooms total across both units; one unit currently vacant and the other rented
- Forced‑air natural gas heating with central air cooling
Local Financial Insights For Apartment 5plus
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 | $39.2k | $19.08 |
| − Vacancy | −$2.3k | −$1.11 |
| EGI | $36.9k | $17.97 |
| − OpEx | −$16.6k | −$8.09 |
| NOI | $20.3k | $9.89 |
2,052 SF · lease $19.08/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,757 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$289.8K
$253.6K – $338.1K
NOI $20,285 @ 7.0% cap · market cap 9.14%
Theoretical Best
Warehouse
$1.64M
$1.44M – $1.92M
NOI $115,091 @ 7.0% cap · market cap 51.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey brick duplex with one unit vacant and recent furnace, central AC, water heater, and exterior work completed.
Where is this duplex located?
The property is located at 20470 Lake Shore Boulevard Euclid, OH.
What is the asking price?
The asking price for this property is $222,000.
What are key features of this property?
This property features: Brick side‑by‑side duplex in Euclid built in 1956 with public water and public sewer; 4 bedrooms and 2 bathrooms total across both units; one unit currently vacant and the other rented; Forced‑air natural gas heating with central air cooling
