Updated Duplex with
New
For Sale
$445,000
2076 WASCANA AVENUE, Lakewood, OH 44107
LAKEWOOD, OH
Property Size3,164 SF
Price / SF$140.64
Days on Market2
Property Features for 2076 WASCANA AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Subdivision
GILBERT
Standard status
Active
Size
3,164 SF
Amenities
backyard deck
fenced yard
front porch
second-floor balcony
basement
washer/dryer
Building Details
Year built
1920
Listing Agency:
Schmidt Realty · Coldwell Banker Real Estate
(440) 777-8500
Listed By:
Christopher Frederick
(216) 210-7653
Added: Oct 22
Last Checked: Oct 23 at 4:06AM
MLS# 5253931
Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this 3,164-square-foot duplex has two units with hardwood floors, granite kitchens, and remodeled bathrooms. The first-floor unit is scheduled to be delivered vacant; the second-floor unit has a current tenant. A full basement, third-floor walk-up, and two sets of washers and dryers provide additional storage and laundry facilities. The property also includes a two-car garage, front porch, backyard deck, and partially fenced yard.
Exterior work includes a driveway installed in 2021, upstairs windows added in 2019, siding from 2010, and house and garage roofs dating to approximately 2022. The backyard deck was installed in 2020. The property is to be sold point-of-sale compliant.
Exterior work includes a driveway installed in 2021, upstairs windows added in 2019, siding from 2010, and house and garage roofs dating to approximately 2022. The backyard deck was installed in 2020. The property is to be sold point-of-sale compliant.
Key Highlights
- 3,164 square feet across two residential units
- Built in 1920
- Two‑car garage and partially fenced yard
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature granite kitchens, remodeled baths, and separate laundry appliances.
Where is this duplex located?
The property is located at 2076 WASCANA AVENUE 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 feet across two residential units; Built in 1920; Two‑car garage and partially fenced yard
