Duplex With Unfinished Expansion
New
For Sale
$285,000
3544 Lynnfield Road, Shaker Heights, OH 44122
MULTI_FAMILY - Shaker Heights, OH
Property Size2,520 SF
Lot Size0.11 Acres
Price / SF$113.10
Days on Market2
Property Features for 3544 Lynnfield Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Basement, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
Parking features
Garage
Subdivision
Van Sweringen Co 22
Elementary school district
Shaker Heights CSD - 1827
Middle school district
Shaker Heights CSD - 1827
High school district
Shaker Heights CSD - 1827
Directions
U.S 422 (Chagrin Blvd) to Lynnfield Rd.
Standard status
Active
APN
736-20-070
Size
2,520 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
54 VANS22 1609 ALL
Tax Annual Amount
6818
Legal Description
54 VANS22 1609 ALL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Building materials
AluminumSiding, VinylSiding
Roof type
Shingle, Asphalt
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Shoshana Socher · License #2006000982
(216) 255-7377
Added: Aug 5
Last Checked: Aug 6 at 7:06AM
MLS# 5233360
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.
Built in 1930, this 2,520-square-foot duplex contains two residential units with matching configurations. Each unit includes a kitchen, living room, dining room, two bedrooms, and one full bathroom. The property also features a full unfinished basement and a sizable unfinished third floor, providing additional interior space for storage or future planning. Construction includes aluminum and vinyl siding, with natural-gas forced-air heat, a shingle and asphalt roof, public water, public sewer, and garage parking.
Located at 3544 Lynnfield Road in Shaker Heights, the property is walkable to the Van Aken District and the Rapid. Larchmere, the main hospital campuses, University Circle, Little Italy, and downtown Cleveland are also identified as nearby destinations. The parcel contains 0.1136 acres.
Located at 3544 Lynnfield Road in Shaker Heights, the property is walkable to the Van Aken District and the Rapid. Larchmere, the main hospital campuses, University Circle, Little Italy, and downtown Cleveland are also identified as nearby destinations. The parcel contains 0.1136 acres.
Key Highlights
- Two‑unit duplex with 2,520 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Full unfinished basement and unfinished third floor
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 | $48.1k | $19.08 |
| − Vacancy | −$2.8k | −$1.11 |
| EGI | $45.3k | $17.97 |
| − OpEx | −$20.4k | −$8.09 |
| NOI | $24.9k | $9.89 |
2,520 SF · lease $19.08/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 8.74%
Theoretical Best
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,339 @ 7.0% cap · market cap 49.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
603
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
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 - Two residential units offer matching layouts, private living areas, and additional unfinished basement and third-floor space.
Where is this duplex located?
The property is located at 3544 Lynnfield Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,520 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Full unfinished basement and unfinished third floor
