Duplex with Detached
37952 French Creek Rd, Avon, OH 44011
For Sale
$439,900
Pending
Two three-bedroom residences include separate basements, a shared deck area, and month-to-month tenant occupancy.
Property Size3,000 SF
Days on Market15
Property Features for 37952 French Creek Rd
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
deck
generator
Building Details
Buildings
Listing Agency:
RE/MAX Crossroads Properties
(440) 331-2870
Listed By:
Barb Barkes
(703) 314-6103
Source:
Exprealty
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 8 at 7:41AM
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 RE/MAX Crossroads Properties
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Investment Insights
Based on property information with market context.
This duplex at 37952 French Creek Rd in Avon contains two residences, each with 3 bedrooms and 1.5 baths. One unit has a partly finished basement; the other has an unfinished basement. A deck extends from the kitchen area, with a dividing wall between the units. The property also includes a detached 4-car garage, additional parking, a level yard, and a whole-house generator.
The building has a new roof. One unit received a newer A/C system in May 2026, and both furnaces and HVAC systems were recently serviced. Long-term tenants occupy both units under month-to-month leases.
The building has a new roof. One unit received a newer A/C system in May 2026, and both furnaces and HVAC systems were recently serviced. Long-term tenants occupy both units under month-to-month leases.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 baths
- Detached 4‑car garage and additional parking
- One partially finished basement and one unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,473
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,460
$549.5K
Cap Rate 7%
$392,471
$392.5K
Cap Rate 9%
$305,256
$305.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$39.2K $13.08/SF
− OpEx
−$11.8K −$3.92/SF
NOI
$27.5K $9.16/SF
Area
Lorain County, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,460
Cap Rate 7%
$392,471
Cap Rate 9%
$305,256
Alternative Uses
Best Use
Multifamily LT 5
$392.5K
$343.4K – $457.9K
NOI $27,473 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$756.0K
$661.5K – $882.0K
NOI $52,920 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 44011, OH
24,847
Population
9,782
Households
2.5
Avg Household Size
41
Median Age
59%
College-Educated
98%
High-School Grad
20.8 sq mi
ZIP Area
1,195
Density / Sq Mi
$126,618
Median Household Income
$67,143
Median Earnings
$1,446
Median Rent
$377,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Lorain County, OH
Properties on Market for Duplexes in Lorain County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include separate basements, a shared deck area, and month-to-month tenant occupancy.
Where is this duplex located?
The property is located at 37952 French Creek Rd Avon, OH.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 baths; Detached 4‑car garage and additional parking; One partially finished basement and one unfinished basement
