Duplex with Detached
For Sale
$380,000
3713 Menlo Road, Shaker Heights, OH 44120
The property combines central air, forced-air heating, and a detached garage with a two-unit residential layout.
Property Size2,526 SF
Price / SF$150.44
Days on Market21
Property Features for 3713 Menlo Road
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,956
Amenities
Central Air
Forced Air
Full, Storage Space, Unfinished
Dryer, Dishwasher, Range, Refrigerator, Washer
Back Yard
Detached, Garage
Balcony
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Greater Cleveland
Listed By:
Shoshana Socher · License #2006000982
(216) 255-7377
Source:
Evrealestate
Added: Sep 21
Changed: Oct 6
Last Checked: Oct 11 at 6:39AM
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 Greater Cleveland
Investment Insights
Based on property information with market context.
This duplex contains 2,526 square feet and dates to 1920. Interior features include central air and forced-air heating, along with a full unfinished basement that provides storage space. The property also includes a balcony, a backyard, and a detached garage.
The kitchen is equipped with a range, refrigerator, and dishwasher; a washer and dryer are also included. Directions place the property off Scottsdale Boulevard, between Pennington Road and East 154th Street.
The kitchen is equipped with a range, refrigerator, and dishwasher; a washer and dryer are also included. Directions place the property off Scottsdale Boulevard, between Pennington Road and East 154th Street.
Key Highlights
- 2,526‑square‑foot duplex built in 1920
- Detached garage
- Full unfinished basement with storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,783
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,660
$535.7K
Cap Rate 7%
$382,614
$382.6K
Cap Rate 9%
$297,589
$297.6K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$40.9K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.3K $15.15/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$26.8K $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%
$535,660
Cap Rate 7%
$382,614
Cap Rate 9%
$297,589
Alternative Uses
Best Use
Multifamily LT 5
$382.6K
$334.8K – $446.4K
NOI $26,783 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$356.7K
$312.1K – $416.2K
NOI $24,970 @ 7.0% cap · market cap 6.57%
Theoretical Best
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,676 @ 7.0% cap · market cap 37.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property combines central air, forced-air heating, and a detached garage with a two-unit residential layout.
Where is this duplex located?
The property is located at 3713 Menlo Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,526‑square‑foot duplex built in 1920; Detached garage; Full unfinished basement with storage space
