Duplex with
New
For Sale
$404,900
2200-2202 Wyandotte Avenue, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size3,133 SF
Lot Size0.10 Acres
Price / SF$129.24
Days on Market2
Property Features for 2200-2202 Wyandotte Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Laundry Room
Parking features
Garage
Exterior features
Balcony
Appliances
Range, Refrigerator
Subdivision
Wyandotte Park
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
off wyandotte ave
Standard status
Active
APN
315-17-038
Size
3,133 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1403
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1922
Floors in Building
3
Building materials
VinylSiding
Roof type
Asphalt
Listing Agency:
Coldwell Banker Schmidt Realty · Coldwell Banker Real Estate
(440) 327-2123
Listed By:
Carol Paulenske · License #2020005872
(440) 263-4074
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 8:06AM
MLS# 5253272
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 3,133-square-foot duplex contains two residential units and is fully rented. The building dates to 1922 and includes a garage, balcony, three bathrooms, and range and refrigerator appliances. Natural gas and forced-air systems provide heat.
The property occupies a 0.0973-acre lot in Lakewood, Ohio. Public water and public sewer serve the site.
The property occupies a 0.0973-acre lot in Lakewood, Ohio. Public water and public sewer serve the site.
Key Highlights
- Fully rented two‑unit duplex
- 3,133 square feet of building area
- 0.0973‑acre lot
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The fully rented two-unit property includes a garage and a balcony.
Where is this duplex located?
The property is located at 2200-2202 Wyandotte Avenue 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: Fully rented two‑unit duplex; 3,133 square feet of building area; 0.0973‑acre lot
