Tudor-Style
3638 Lynnfield Road, Shaker Heights, OH 44122
For Sale
$299,900
ResidentialIncome, Shaker Heights, OH
Property Size2,352 SF
Lot Size0.13 Acres
Price / SF$127.51
Days on Market138
Property Features for 3638 Lynnfield Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
screened-in patio
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 686-1644
Listed By:
Bobby Heller · License #2018000834
(330) 603-8772
Added: Jun 24
Changed: Nov 4
Last Checked: Nov 8 at 2:06PM
MLS# 5219478
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.
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Investment Insights
Based on property information with market context.
Built in 1929, this 2,352-square-foot duplex contains two residences: a lower-level unit with 2 bedrooms and 1 full bath, and an upper unit across the second and third floors with 4 bedrooms and 2 full baths. Interior updates include granite countertops, newer sinks and faucets, and hardwood floors exposed after carpet removal. The property also has screened patios and a 3-car garage.
Set on a 0.13-acre lot in Shaker Heights, the building has forced-air natural gas heat and central air conditioning. Public water and sewer serve the property, and the furnace has been serviced and tuned.
Set on a 0.13-acre lot in Shaker Heights, the building has forced-air natural gas heat and central air conditioning. Public water and sewer serve the property, and the furnace has been serviced and tuned.
Key Highlights
- Two‑unit building with 2,352 square feet
- Lower residence: 2 bedrooms and 1 full bath
- Upper residence across the second and third floors: 4 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,938
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,760
$498.8K
Cap Rate 7%
$356,257
$356.3K
Cap Rate 9%
$277,089
$277.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$38.1K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$35.6K $15.15/SF
− OpEx
−$10.7K −$4.54/SF
NOI
$24.9K $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%
$498,760
Cap Rate 7%
$356,257
Cap Rate 9%
$277,089
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$332.1K
$290.6K – $387.5K
NOI $23,250 @ 7.0% cap · market cap 7.75%
Theoretical Best
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,917 @ 7.0% cap · market cap 43.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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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
$304,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Shaker Heights, OH
Properties on Market for Duplexes in Shaker Heights
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout provides a two-bedroom residence and a separate four-bedroom residence.
Where is this duplex located?
The property is located at 3638 Lynnfield Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit building with 2,352 square feet; Lower residence: 2 bedrooms and 1 full bath; Upper residence across the second and third floors: 4 bedrooms and 2 full baths
