Updated Two-Unit
New
For Sale
$445,000
2076 Wascana Avenue, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size3,164 SF
Lot Size0.11 Acres
Price / SF$140.64
Days on Market1
Property Features for 2076 Wascana Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Basement, Bedroom 4, Bedroom 3
Parking features
Garage
Exterior features
Balcony, Storage
Fencing
Fenced
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Gilbert
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
off wascana ave
Standard status
Active
APN
314-24-031
Size
3,164 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6087
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
front porch
backyard deck
second-floor balcony
partially fenced yard
full basement
third-floor walk-up storage
washer/dryer included
Building Details
Year built
1920
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Coldwell Banker Schmidt Realty · Coldwell Banker Real Estate
(440) 327-2123
Listed By:
Christopher A Frederick · License #426983
(216) 210-7653
Added: Oct 22
Last Checked: Oct 22 at 6:06PM
MLS# 5253931
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.
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Investment Insights
Based on property information with market context.
This 3,164-square-foot duplex contains two four-bedroom, two-bathroom residences on a 0.11-acre parcel. Original hardwood flooring and built-in cabinetry add character, while both units have granite kitchens and remodeled bathrooms. The first-floor residence has an opened layout; the second-floor unit is tenant occupied. A full basement, third-floor walk-up, and two laundry sets provide additional storage and utility. The property was built in 1920.
Exterior improvements include a driveway installed in 2021, upstairs windows replaced in 2019, a backyard deck added in 2020, and house and garage roofs updated approximately 2022. The siding dates to 2010. Additional features include a two-car garage, fenced yard, front porch, and second-floor balcony. The property is to be sold point-of-sale compliant.
Exterior improvements include a driveway installed in 2021, upstairs windows replaced in 2019, a backyard deck added in 2020, and house and garage roofs updated approximately 2022. The siding dates to 2010. Additional features include a two-car garage, fenced yard, front porch, and second-floor balcony. The property is to be sold point-of-sale compliant.
Key Highlights
- Two‑unit, 3,164‑square‑foot duplex with four bedrooms and two bathrooms
- 0.11‑acre parcel; built in 1920
- Driveway installed in 2021; upstairs windows replaced in 2019
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 - Both residences feature granite kitchens and remodeled bathrooms, with two sets of washers and dryers included.
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: Two‑unit, 3,164‑square‑foot duplex with four bedrooms and two bathrooms; 0.11‑acre parcel; built in 1920; Driveway installed in 2021; upstairs windows replaced in 2019
