Tenant-Occupied Duplex For
3452 Lynnfield Road Shaker Heights, OH 44122
For Sale
$479,000
MULTI_FAMILY - Shaker Heights, OH
Property Size2,930 SF
Lot Size0.22 Acres
Price / SF$163.48
Days on Market106
Property Features for 3452 Lynnfield Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Garage, Driveway
Standard status
Active
APN
736-06-025
Size
2,930 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
44 VANS#23 889B ALL
Tax Annual Amount
9191
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1937
Floors in Building
3
Building materials
Brick
Roof type
Asphalt, Fiberglass
Listing Agency:
Century 21 Premiere Properties, Inc.
(216) 455-7677
Listed By:
Seth L Young · License #2009003929
(216) 374-8589
Added: Apr 15
Changed: Jul 28
Last Checked: Jul 29 at 11:06AM
MLS# 5199290
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 tenant-occupied duplex offers an established residential income configuration with a functional layout. The property totals 2,930 square feet and sits on a 0.2234-acre lot.
The home is located at 3452 Lynnfield Road in Shaker Heights, Ohio. The public remarks note convenient access to local amenities, shopping, schools, and major routes.
Showings are by appointment only, and tenants must not be disturbed.
The home is located at 3452 Lynnfield Road in Shaker Heights, Ohio. The public remarks note convenient access to local amenities, shopping, schools, and major routes.
Showings are by appointment only, and tenants must not be disturbed.
Key Highlights
- Brick home built in 1937
- Central air cooling and forced‑air heating
- Public water and public sewer
Financial Insights For Multifamily LT 5
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 | $47.5k | $16.20 |
| − Vacancy | −$3.1k | −$1.05 |
| EGI | $44.4k | $15.15 |
| − OpEx | −$13.3k | −$4.54 |
| NOI | $31.1k | $10.60 |
2,930 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.8K
$388.3K – $517.8K
NOI $31,066 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$413.8K
$362.1K – $482.7K
NOI $28,964 @ 7.0% cap · market cap 6.05%
Theoretical Best
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,335 @ 7.0% cap · market cap 34.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex for sale offering 2,930 square feet of residential income space on a 0.2234-acre lot.
Where is this duplex located?
The property is located at 3452 Lynnfield Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Brick home built in 1937; Central air cooling and forced‑air heating; Public water and public sewer
