Updated Duplex With Three
For Sale
$394,900
3643 Lindholm Road, Shaker Heights, OH 44120
Separate eat-in kitchens feature quartz countertops and stainless-steel appliances.
Property Size3,004 SF
Price / SF$131.46
Days on Market10
Property Features for 3643 Lindholm Road
General Information
Standard status
Active
Size
3,004 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,482
Amenities
laundry
storage
recreation space
Multi Units, Window Unit(s)
Forced Air
Full
Dishwasher, Microwave, Range, Refrigerator
Driveway
Building Details
Year Built
1928
Buildings
1
Stories
2
Listing Agency:
FASS Management Real Estate Services
Listed By:
Akil S Hameed · License #2011001906
(866) 861-4761
Source:
Evrealestate
Added: Oct 14
Changed: Oct 21
Last Checked: Oct 20 at 8:49PM
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 FASS Management Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-floor duplex has five bedrooms, with two on each of the first and second levels and one on the top floor. Each level includes a full bathroom. Bedrooms at the rear of the first and second floors open onto walk-out porches, while the third floor also has a bonus room. The first- and second-floor kitchens have eat-in areas, quartz countertops, wood-look vinyl flooring, and stainless-steel appliances.
A full basement provides laundry, storage, and recreation space. Recent improvements include furnaces, air-conditioning units, and windows. Hardwood flooring runs throughout the home.
A full basement provides laundry, storage, and recreation space. Recent improvements include furnaces, air-conditioning units, and windows. Hardwood flooring runs throughout the home.
Key Highlights
- Five bedrooms arranged across three floors
- One full bathroom on each floor
- First- and second‑floor rear bedrooms have walk‑out porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,851
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,020
$637.0K
Cap Rate 7%
$455,014
$455.0K
Cap Rate 9%
$353,900
$353.9K
Market Conditions
NOI Build-Up for 3,004 SF
Gross rent
$48.7K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$45.5K $15.15/SF
− OpEx
−$13.7K −$4.54/SF
NOI
$31.9K $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%
$637,020
Cap Rate 7%
$455,014
Cap Rate 9%
$353,900
Alternative Uses
Best Use
Multifamily LT 5
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$424.2K
$371.2K – $494.9K
NOI $29,696 @ 7.0% cap · market cap 7.52%
Theoretical Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,485 @ 7.0% cap · market cap 42.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate eat-in kitchens feature quartz countertops and stainless-steel appliances.
Where is this duplex located?
The property is located at 3643 Lindholm Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Five bedrooms arranged across three floors; One full bathroom on each floor; First- and second‑floor rear bedrooms have walk‑out porches
