Two-Unit Duplex in
For Sale
$349,000
Pending
2095 Wyandotte Avenue, Lakewood, OH 44107
MULTI_FAMILY - Lakewood, OH
Property Size2,341 SF
Lot Size0.10 Acres
Days on Market49
Property Features for 2095 Wyandotte Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Basement, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Garage, Driveway
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Homesite Co Wyandotte Park
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
Between Madison and Athens
Standard status
Pending
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
Legal Description
20 WYANDPK 0087 ALL
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
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Kathleen F Middaugh · License #2008001255
(216) 533-1873
Added: Jun 25
Changed: Aug 1
Last Checked: Aug 12 at 9:06AM
MLS# 5217367
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.
Investment Insights
Based on property information with market context.
This well-maintained two-unit duplex offers a flexible layout with one active lease already in place. The property is move-in ready and designed for low-maintenance living, with in-unit laundry included. Interior features include bedrooms and two bathrooms, along with a basement and a laundry room.
Built in 1922, the home includes appliances such as a range, refrigerator, washer, and dryer. Heating is provided by forced air, and cooling is via window unit(s). The roof is described as fiberglass and asphalt. Parking is available with a garage and driveway.
Services include public water and public sewer. The remaining improvements and living areas are supported by the existing room configuration, including multiple bedrooms and bathrooms, making the duplex suitable for an owner-occupant or a rental-focused buyer.
Built in 1922, the home includes appliances such as a range, refrigerator, washer, and dryer. Heating is provided by forced air, and cooling is via window unit(s). The roof is described as fiberglass and asphalt. Parking is available with a garage and driveway.
Services include public water and public sewer. The remaining improvements and living areas are supported by the existing room configuration, including multiple bedrooms and bathrooms, making the duplex suitable for an owner-occupant or a rental-focused buyer.
Key Highlights
- Two‑unit duplex with one active lease in place
- Forced‑air heating plus window unit(s) cooling
- Public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,420
$496.4K
Cap Rate 7%
$354,586
$354.6K
Cap Rate 9%
$275,789
$275.8K
Market Conditions
NOI Build-Up for 2,341 SF
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.
Gross rent
$37.9K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$35.5K $15.15/SF
− OpEx
−$10.6K −$4.54/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,420
Cap Rate 7%
$354,586
Cap Rate 9%
$275,789
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.7K
NOI $24,821 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,142 @ 7.0% cap · market cap 6.63%
Theoretical Best
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,300 @ 7.0% cap · market cap 37.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
785
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with one active lease, forced-air heat, window A/C, and public water and sewer.
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 duplex with one active lease in place; Forced‑air heating plus window unit(s) cooling; Public water and public sewer
