Duplex with Detached
2161 Carabel Avenue, Lakewood, OH 44107
For Sale
$340,000
The property includes forced-air heating, a driveway, and a detached garage.
Property Size1,962 SF
Price / SF$173.29
Days on Market8
Property Features for 2161 Carabel Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
None, Ceiling Fan(s)
Forced Air
Unfinished
Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Driveway, Detached, Garage
Balcony
Building Details
Year Built
Buildings
Stories
Listed By:
Angela S Oleksiak · License OH #2015003493
(440) 570-9387
Source:
Evrealestate
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 10 at 8:46AM
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 Angela S Oleksiak
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Investment Insights
Based on property information with market context.
Built in 1931, this 1,962-square-foot duplex includes forced-air heating and a balcony. The listed appliances include a washer, dryer, dishwasher, microwave, range, and refrigerator. A driveway and detached garage provide on-site vehicle facilities.
The property is located at 2161 Carabel Avenue in Lakewood, Cuyahoga County, Ohio.
The property is located at 2161 Carabel Avenue in Lakewood, Cuyahoga County, Ohio.
Key Highlights
- 1,962‑square‑foot duplex built in 1931
- Detached garage and driveway
- Balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,803
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,060
$416.1K
Cap Rate 7%
$297,186
$297.2K
Cap Rate 9%
$231,144
$231.1K
Market Conditions
NOI Build-Up for 1,962 SF
Gross rent
$31.8K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$29.7K $15.15/SF
− OpEx
−$8.9K −$4.54/SF
NOI
$20.8K $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 Rate 5%
$416,060
Cap Rate 7%
$297,186
Cap Rate 9%
$231,144
Alternative Uses
Best Use
Multifamily LT 5
$297.2K
$260.0K – $346.7K
NOI $20,803 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$277.1K
$242.4K – $323.3K
NOI $19,395 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$364.5K
$318.9K – $425.2K
NOI $25,512 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
660
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
$241,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lakewood, OH
Properties on Market for Duplexes in Lakewood
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes forced-air heating, a driveway, and a detached garage.
Where is this duplex located?
The property is located at 2161 Carabel Avenue Lakewood, OH.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,962‑square‑foot duplex built in 1931; Detached garage and driveway; Balcony
