Updated Duplex with Two-Car
For Sale
$445,000
2076 Wascana Ave, Lakewood, OH 44107
Two separate residences feature remodeled kitchens and baths, with one unit available vacant and the other occupied by a tenant.
Property Size3,164 SF
Price / SF$140.64
Days on Market12
Property Features for 2076 Wascana Ave
General Information
Standard status
Active
Size
3,164 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,087
Amenities
partially fenced yard
front porch
balcony
backyard deck
full basement
storage
Listing Agency:
Coldwell Banker Schmidt Realty
(440) 327-2123
Listed By:
Christopher A Frederick · License #426983
(216) 210-7653
Source:
Exprealty
Added: Oct 22
Changed: Nov 1
Last Checked: Nov 1 at 3:40PM
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 Coldwell Banker Schmidt Realty
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 3,164-square-foot duplex at 2076 Wascana Ave in Lakewood pairs two residential units with a two-car garage, partially fenced yard, front porch, backyard deck, and second-floor balcony. Hardwood flooring appears in both units. Each has a granite kitchen and a remodeled bathroom; the first-floor residence also has an opened-up floor plan and a jetted tub. The full basement includes two washer-and-dryer sets, while a third-floor walk-up provides additional storage. The first-floor unit is to be delivered vacant, and the second-floor unit is tenant-occupied.
Updates include a driveway installed in 2021, upstairs windows replaced in 2019, siding from 2010, roofs on the house and garage dated approximately 2022, and a deck added in 2020. The property is to be sold point-of-sale compliant.
Updates include a driveway installed in 2021, upstairs windows replaced in 2019, siding from 2010, roofs on the house and garage dated approximately 2022, and a deck added in 2020. The property is to be sold point-of-sale compliant.
Key Highlights
- 3,164‑square‑foot duplex with two residential units
- Two‑car garage, partially fenced yard, front porch, deck, and second‑floor balcony
- Granite kitchens and remodeled baths in both units; first‑floor bath has a jetted tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,548
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,960
$671.0K
Cap Rate 7%
$479,257
$479.3K
Cap Rate 9%
$372,756
$372.8K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$51.3K $16.20/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$47.9K $15.15/SF
− OpEx
−$14.4K −$4.54/SF
NOI
$33.5K $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%
$670,960
Cap Rate 7%
$479,257
Cap Rate 9%
$372,756
Alternative Uses
Best Use
Multifamily LT 5
$479.3K
$419.4K – $559.1K
NOI $33,548 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$446.8K
$391.0K – $521.3K
NOI $31,277 @ 7.0% cap · market cap 7.03%
Theoretical Best
Warehouse
$2.54M
$2.22M – $2.96M
NOI $177,459 @ 7.0% cap · market cap 39.88%
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
2
Residential units
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature remodeled kitchens and baths, with one unit available vacant and the other occupied by a tenant.
Where is this duplex located?
The property is located at 2076 Wascana Ave Lakewood, OH.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 3,164‑square‑foot duplex with two residential units; Two‑car garage, partially fenced yard, front porch, deck, and second‑floor balcony; Granite kitchens and remodeled baths in both units; first‑floor bath has a jetted tub
