Improved Two-Unit
For Sale
$494,900
21030-21040 Detroit Rd, Rocky River, OH 44116
Separate living spaces, in-unit laundry, basement storage, and a two-car garage support flexible occupancy options.
Property Size3,254 SF
Price / SF$152.09
Days on Market48
Property Features for 21030-21040 Detroit Rd
General Information
Standard status
Active
Size
3,254 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1958
Buildings
1
Listing Agency:
RE/MAX Crossroads Properties
Listed By:
Anthony R Latina · License #2016003431
(440) 465-5611
Source:
Theacclaimedrealty
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 7 at 3:49PM
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 RE/MAX Crossroads Properties
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Investment Insights
Based on property information with market context.
This 1958 duplex contains approximately 3,254 square feet, including approximately 2,604 square feet above grade. The front residence is a single-story, two-bedroom, one-bath unit with refinished hardwood flooring, updated kitchen appliances, and an air conditioner replaced in 2020. The two-story rear residence includes three bedrooms, one full and one-half bath, a partially finished basement, extensive closet storage, and in-unit laundry. Both units have separate living spaces and basement access.
Property improvements include a 2017 roof, 2019 exterior siding and brick painting, and outdoor brick stairs completed in 2026. The rear unit was remodeled in 2019 and received updated electrical service, a furnace, air conditioner, and hot water heater in 2021 and 2023. The property also includes a two-car garage and four additional parking spaces at 21030-21040 Detroit Rd in Rocky River, Ohio.
Property improvements include a 2017 roof, 2019 exterior siding and brick painting, and outdoor brick stairs completed in 2026. The rear unit was remodeled in 2019 and received updated electrical service, a furnace, air conditioner, and hot water heater in 2021 and 2023. The property also includes a two-car garage and four additional parking spaces at 21030-21040 Detroit Rd in Rocky River, Ohio.
Key Highlights
- Two‑unit duplex with approximately 3,254 square feet
- Front unit: 2 bedrooms, 1 full bath, and refinished hardwood floors
- Rear unit: 3 bedrooms, 1.5 baths, and partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,502
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,040
$690.0K
Cap Rate 7%
$492,886
$492.9K
Cap Rate 9%
$383,356
$383.4K
Market Conditions
NOI Build-Up for 3,254 SF
Gross rent
$52.7K $16.20/SF
− Vacancy
−$3.4K −$1.05/SF
EGI
$49.3K $15.15/SF
− OpEx
−$14.8K −$4.54/SF
NOI
$34.5K $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%
$690,040
Cap Rate 7%
$492,886
Cap Rate 9%
$383,356
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.0K
NOI $34,502 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,167 @ 7.0% cap · market cap 6.50%
Theoretical Best
Warehouse
$2.61M
$2.28M – $3.04M
NOI $182,507 @ 7.0% cap · market cap 36.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 44116, OH
21,821
Population
10,484
Households
2.1
Avg Household Size
45
Median Age
64%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
4,453
Density / Sq Mi
$93,532
Median Household Income
$60,738
Median Earnings
$1,146
Median Rent
$327,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces, in-unit laundry, basement storage, and a two-car garage support flexible occupancy options.
Where is this duplex located?
The property is located at 21030-21040 Detroit Rd Rocky River, OH.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 3,254 square feet; Front unit: 2 bedrooms, 1 full bath, and refinished hardwood floors; Rear unit: 3 bedrooms, 1.5 baths, and partially finished basement
