Shaker Heights Townhome Style
3381 Colwyn Road Shaker Heights, OH 44120
3381 Colwyn Road, Shaker Heights, OH, 44120
$105,000
Pending
For Sale
$105,000
Pending
MULTI_FAMILY - Colonial - Shaker Heights, OH
Property Size800 SF
Lot Size0.06 Acres
Days on Market54
Property Features for 3381 Colwyn Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1
- Parking features
- Driveway, Garage
- Standard status
- Pending
- APN
- 735-13-057
- Size
- 800 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 41 VANS #19 0118 NP
- Tax Annual Amount
- 2408
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1944
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Fiberglass, Asphalt
- Architectural style
- Colonial
Listing Agency
Keller Williams Greater Cleveland Northeast
(440) 255-5500
7400 Center Street, Mentor, OH
Listed by
Brian LaRiche · License #2019007270
(440) 679-8730
Added: May 26 Checked: Jul 18 at 10:06 am
MLS# 5213093
Listing URL
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 is a 2-bedroom, 2-bathroom townhome-style property located in Shaker Heights, Ohio. It presents an opportunity for investment or residential use, with convenient access to local amenities. The property features over 800 square feet of living space and includes a functional basement that provides additional space. Updates include a new furnace installed in 2023. The property also has a one-car garage and a backyard. The lot size is 0.0631 acres.
Key Highlights
- 2‑bedroom, 2‑bath townhome‑style home in Shaker Heights
- 800+ SF home with a functional basement for extra living space
- New forced‑air furnace installed in 2023
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.3k | $19.08 |
| − Vacancy | −$885 | −$1.11 |
| EGI | $14.4k | $17.97 |
| − OpEx | −$6.5k | −$8.09 |
| NOI | $7.9k | $9.89 |
800 SF · lease $19.08/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$113.0K
$98.9K – $131.8K
NOI $7,908 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$641.0K
$560.9K – $747.8K
NOI $44,870 @ 7.0% cap · market cap 42.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Updated 2-bedroom townhome in Shaker Heights with functional basement.
Where is this single family property located?
The property is located at 3381 Colwyn Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath townhome‑style home in Shaker Heights; 800+ SF home with a functional basement for extra living space; New forced‑air furnace installed in 2023
