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Updated Two-Unit Duplex
New
For Sale
$315,000

3706 Gridley Rd, Shaker Heights, OH 44122

Shaker Heights duplex with renovated lower-level amenities, a three-car garage, and separate occupied and vacant units.

Property Size3,469 SF
Price / SF$90.80
Days on Market4

Property Features for 3706 Gridley Rd

General Information

Standard status Active
Size 3,469 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 4BR/2BA, 1 x 2BR/2BA
Multifamily Units 2

Amenities

hardwood floors
fireplace
finished basement
enclosed rear porch

Building Details

Year Built 1930
Buildings 1
Listing Agency: Platinum Real Estate
Listed By: David Sladewski · License #2021008797
Source: Higherperspectivegroup
Added: Sep 20 Changed: Sep 21 Last Checked: Sep 22 at 9:12PM

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 Platinum Real Estate

Investment Insights

Based on property information with market context.

This two-unit property at 3706 Gridley Rd includes a 4-bedroom, 2-bath upper residence and a first-floor unit with 2 bedrooms and 1 full bathroom on the main level. The lower unit also includes finished basement living space and an additional full bathroom. The upper unit is occupied by a long-term tenant, while the first-floor unit is vacant.

Recent work includes basement waterproofing, a lower-unit bathroom renovation, added finished basement space, and installation of a second basement bathroom in 2023. A new furnace and numerous replacement windows were completed in 2024. Hardwood flooring, a fireplace, an enclosed rear porch, a detached 3-car garage, and driveway parking add to the property’s features. The home is near shopping, dining, and transportation in Shaker Heights.

Key Highlights

  • 4‑bedroom, 2‑bath upper unit with a long‑term tenant
  • 2‑bedroom lower unit with 2 full bathrooms and finished basement space
  • Basement waterproofing and lower‑unit improvements completed in 2023

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency HVAC Service Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Shaker Heights duplex with renovated lower-level amenities, a three-car garage, and separate occupied and vacant units.
Where is this duplex located?
The property is located at 3706 Gridley Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 4‑bedroom, 2‑bath upper unit with a long‑term tenant; 2‑bedroom lower unit with 2 full bathrooms and finished basement space; Basement waterproofing and lower‑unit improvements completed in 2023
More about this property
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