Updated Duplex with Heated
2066 Bunts Road, Lakewood, OH 44107
For Sale
$499,000
Under Contract
ResidentialIncome, Lakewood, OH
Property Size3,600 SF
Lot Size0.13 Acres
Price / SF$138.61
Days on Market48
Property Features for 2066 Bunts Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
outdoor refrigerator
keg fridge
grill
heated soundproof garage
pergola
fire ring
waterfall feature
outdoor entertaining space
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Real of Ohio
(330) 807-1303
Listed By:
Jacob L. Hamilton · License OH #2022003788
(216) 704-4960
Added: Sep 23
Changed: Oct 29
Last Checked: Nov 9 at 10:06PM
MLS# 5247586
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex spans 3,600 square feet on a 0.1332-acre lot and was built in 1923. The property includes seven bedrooms, three bathrooms, a basement, brick and vinyl siding, shingle and asphalt roofing, natural-gas forced-air heat, and central air conditioning. Public water and sewer serve the property, while parking is provided by a garage and driveway.
Major updates include the roof in 2011; windows, siding, and electrical panel in 2016; furnaces, central air, and plumbing in 2017; and the driveway in 2022. Additional improvements include a heated soundproof garage, new drywall, granite countertops, and a furnished outdoor entertaining area with a cedar pergola, privacy fence, fire ring, waterfall feature, outdoor refrigerator, keg fridge, grill, and snowblower.
The property has also operated as a short-term rental for more than 5 years, with furnishings, bookings, and operating history available as part of the business offering. It can alternatively be purchased as a traditional multifamily property or owner-occupant residence, subject to independent verification of applicable requirements.
Major updates include the roof in 2011; windows, siding, and electrical panel in 2016; furnaces, central air, and plumbing in 2017; and the driveway in 2022. Additional improvements include a heated soundproof garage, new drywall, granite countertops, and a furnished outdoor entertaining area with a cedar pergola, privacy fence, fire ring, waterfall feature, outdoor refrigerator, keg fridge, grill, and snowblower.
The property has also operated as a short-term rental for more than 5 years, with furnishings, bookings, and operating history available as part of the business offering. It can alternatively be purchased as a traditional multifamily property or owner-occupant residence, subject to independent verification of applicable requirements.
Key Highlights
- 3,600‑square‑foot duplex on a 0.1332‑acre lot
- Seven bedrooms, three bathrooms, and a basement
- Heated soundproof garage with driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,170
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,400
$763.4K
Cap Rate 7%
$545,286
$545.3K
Cap Rate 9%
$424,111
$424.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$58.3K $16.20/SF
− Vacancy
−$3.8K −$1.05/SF
EGI
$54.5K $15.15/SF
− OpEx
−$16.4K −$4.54/SF
NOI
$38.2K $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%
$763,400
Cap Rate 7%
$545,286
Cap Rate 9%
$424,111
Alternative Uses
Best Use
Multifamily LT 5
$545.3K
$477.1K – $636.2K
NOI $38,170 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$508.4K
$444.8K – $593.1K
NOI $35,587 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$668.7K
$585.2K – $780.2K
NOI $46,812 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Lakewood, OH
Properties on Market for Duplexes in Lakewood
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction offers central air, public utilities, and both garage and driveway parking.
Where is this duplex located?
The property is located at 2066 Bunts Road Lakewood, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,600‑square‑foot duplex on a 0.1332‑acre lot; Seven bedrooms, three bathrooms, and a basement; Heated soundproof garage with driveway parking
