Duplex with Historic
For Sale
$404,900
2200-2202 WYANDOTTE AVENUE 2202, Lakewood, OH 44107
LAKEWOOD, OH
Property Size3,133 SF
Price / SF$129.24
Days on Market64
Property Features for 2200-2202 WYANDOTTE AVENUE 2202
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2
Subdivision
WYANDOTTE PARK
Standard status
Active
Size
3,133 SF
Building Details
Year built
1922
Listing Agency:
Schmidt Realty · Coldwell Banker Real Estate
(440) 777-8500
Listed By:
Carol Paulenske · License #2020005872
(440) 263-4074
Added: Aug 13
Changed: Sep 13
Last Checked: Oct 15 at 11:06AM
MLS# 5219361
Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 3,133-square-foot duplex, built in 1922, was arranged as two separate residential units. The first floor includes 2 bedrooms and 1 bathroom, while the second- and third-floor residence provides 3 bedrooms and 2 bathrooms. The upper level also has ductwork and a private entrance, with the third floor identified as a candidate for conversion into a 1-bedroom, 1-bathroom suite.
Original details include hardwood floors, fireplaces, and built-in dining room cabinetry. Recent improvements include new flooring, new appliances, and a new garage roof. The property is located near restaurants, shops, and parks, all described as within a short walk.
Original details include hardwood floors, fireplaces, and built-in dining room cabinetry. Recent improvements include new flooring, new appliances, and a new garage roof. The property is located near restaurants, shops, and parks, all described as within a short walk.
Key Highlights
- 3,133 square feet; built in 1922
- Two‑unit layout with a 2‑bedroom, 1‑bath first‑floor residence
- Second- and third‑floor unit includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,219
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
$664.4K
Cap Rate 7%
$474,557
$474.6K
Cap Rate 9%
$369,100
$369.1K
Market Conditions
NOI Build-Up for 3,133 SF
Gross rent
$50.8K $16.20/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$47.5K $15.15/SF
− OpEx
−$14.2K −$4.54/SF
NOI
$33.2K $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%
$664,380
Cap Rate 7%
$474,557
Cap Rate 9%
$369,100
Alternative Uses
Best Use
Multifamily LT 5
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,971 @ 7.0% cap · market cap 7.65%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,721 @ 7.0% cap · market cap 43.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
680
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bath configurations across the first through third floors.
Where is this duplex located?
The property is located at 2200-2202 WYANDOTTE AVENUE 2202 Lakewood, OH.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: 3,133 square feet; built in 1922; Two‑unit layout with a 2‑bedroom, 1‑bath first‑floor residence; Second- and third‑floor unit includes 3 bedrooms and 2 bathrooms
