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    Two-Unit Residential Income Property Title is generated by Realmo AI

    2095 Wyandotte Avenue, Lakewood, OH 44107

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    Claim this Listing
    New
    For Sale
    $349,000

    MULTI_FAMILY - Lakewood, OH

    Property size:
    2,341 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $149/SF
    Added:
    Jun 25, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 27 at 6:06 pm

    Property Features for 2095 Wyandotte Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Basement, Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bathroom 2
    Parking features
    Driveway, Garage
    Appliances
    Dryer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    315-16-088
    Size
    2,341 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    20 WYANDPK 0087 ALL
    Tax Annual Amount
    4980

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1922
    Floors in Building
    3
    Roof type
    Fiberglass, Asphalt

    We can help!

    Contact an agent
    Kathleen F Middaugh

    Listing agent Kathleen F Middaugh License #2008001255

    Listing office Keller Williams Citywide 2001 Crocker Road, Suite 200, Westlake, OH

    Listing date Jun 25, 2026

    MLS# 5217367 Listing URL

    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.

    HighLights

    • Two‑unit multi‑family home built in 1922
    • One active lease in place, with move‑in‑ready units
    • Public utilities: public water and public sewer
    • Forced air heating plus window unit(s) cooling
    • Appliances included: washer, dryer, range, and refrigerator
    • Parking includes driveway and garage

    Overview

    This two-unit multi-family duplex provides a clean, low-maintenance setup designed for straightforward occupancy. The property is described as well maintained and move-in ready, with each unit positioned as a comfortable living option. With one active lease already in place, the current configuration supports either an owner-occupant seeking to offset housing costs or an investor looking to add rental housing to a portfolio.

    The property is located at 2095 Wyandotte Avenue in Lakewood, Ohio (44107). The listing notes proximity to restaurants, shops, and everyday conveniences, placing the home within an established residential area.

    For buyers, the duplex format offers practical flexibility: one side can potentially be owner-occupied while the other unit remains leased, or both units can be managed as rental housing depending on leasing outcomes. As presented, the combination of a maintained property and an existing active lease makes this a sensible option for those seeking a residential income property with immediate occupancy context.

    Local Financial Insights For Multifamily LT 5

    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 $37.9k $16.20
    − Vacancy −$2.5k −$1.05
    EGI $35.5k $15.15
    − OpEx −$10.6k −$4.54
    NOI $24.8k $10.60
    2,341 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $354.6K
    $310.3K – $413.7K (±1% cap)
    NOI $24,821 @ 7.0% cap · market cap 7.11%
    Second Best
    Apartment 5plus
    $330.6K
    $289.3K – $385.7K (±1% cap)
    NOI $23,142 @ 7.0% cap · market cap 6.63%
    Theoretical Best
    Warehouse
    $1.88M
    $1.64M – $2.19M (±1% cap)
    NOI $131,300 @ 7.0% cap · market cap 37.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.787157
    Latitude
    41.474301

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two units, including one active lease, offering flexible residential income or owner-occupant living.
    Where is this duplex located?
    The property is located at 2095 Wyandotte Avenue Lakewood, OH.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Two‑unit multi‑family home built in 1922; One active lease in place, with move‑in‑ready units; Public utilities: public water and public sewer
    More about this property
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