Updated Side-by-Side
For Sale
$372,000
3454 Ingleside Rd, Shaker Heights, OH 44122
Two connected residential units offer flexible living arrangements near the Van Aken District, parks, shopping, dining, and downtown access.
Property Size2,980 SF
Price / SF$124.83
Days on Market57
Property Features for 3454 Ingleside Rd
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Keller Williams Greater Cleveland Northeast
Listed By:
Iris Wheeler · License #2021002542
(216) 536-8597
Source:
Theacclaimedrealty
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 7 at 1:38PM
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 Keller Williams Greater Cleveland Northeast
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,980 square feet across two residential units, with 8 bedrooms and 2 bathrooms. Built in 1925, the property has been updated with new flooring on the main level and features an open arrangement connecting the kitchen, dining area, and living room. A kitchen bar adds seating and separates the cooking area from the shared living spaces. Upper-level accommodations include spacious bedrooms, an updated full bathroom, and a third-floor primary bedroom with an additional bonus room. The bonus room can function as office, dressing, hobby, exercise, sitting, or storage space.
The property is located at 3454 Ingleside Rd in Shaker Heights, near the Van Aken District, parks, restaurants, coffee shops, shopping, entertainment, local amenities, and downtown. POS compliant.
The property is located at 3454 Ingleside Rd in Shaker Heights, near the Van Aken District, parks, restaurants, coffee shops, shopping, entertainment, local amenities, and downtown. POS compliant.
Key Highlights
- Side‑by‑side duplex with 2,980 square feet
- 8 bedrooms and 2 bathrooms
- Built in 1925 with updated main‑level flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,597
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,940
$631.9K
Cap Rate 7%
$451,386
$451.4K
Cap Rate 9%
$351,078
$351.1K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$48.3K $16.20/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$45.1K $15.15/SF
− OpEx
−$13.5K −$4.54/SF
NOI
$31.6K $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%
$631,940
Cap Rate 7%
$451,386
Cap Rate 9%
$351,078
Alternative Uses
Best Use
Multifamily LT 5
$451.4K
$395.0K – $526.6K
NOI $31,597 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$420.8K
$368.2K – $491.0K
NOI $29,458 @ 7.0% cap · market cap 7.92%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,139 @ 7.0% cap · market cap 44.93%
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
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 44122, OH
36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 connected residential units offer flexible living arrangements near the Van Aken District, parks, shopping, dining, and downtown access.
Where is this duplex located?
The property is located at 3454 Ingleside Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,980 square feet; 8 bedrooms and 2 bathrooms; Built in 1925 with updated main‑level flooring
