4079 Okalona Road South Euclid, OH 44121
MULTI_FAMILY - South Euclid, OH
Property Features for 4079 Okalona Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bathroom 1, Bedroom 3
- Parking features
- Garage
- Appliances
- Cooktop, Freezer, Range, Refrigerator
- Standard status
- Active
- APN
- 704-19-060
- Size
- 2,128 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 65 CEDCEN 0121 ALL
- Tax Annual Amount
- 2808
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Asphalt, Fiberglass
Listing agent David J Reimer License #2006001928 (216) 798-0750
Listing office Berkshire Hathaway HomeServices Professional Realty 20100 Chagrin Boulevard, Mentor, OH (216) 970-1515
Listing date Jul 13, 2026
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.
Investment Insights
Based on property information with market context.
A two-car detached garage supports off-street parking. The property is located on a quiet, tree-lined street in South Euclid, with access to Cedar and Warrensville Center Roads and nearby everyday conveniences including grocery, dining, shopping, pharmacies, and public transportation.
The duplex is currently occupied by two long-term month-to-month tenants who would like to stay. The arrangement offers immediate occupancy while maintaining flexibility for a future owner-occupant or continued investment ownership.
Key Highlights
- Brick two‑family home built in 1948 with two 2‑bedroom units, each with a living room, formal dining room, kitchen, and full bath
- Upper unit includes a private balcony overlooking the backyard; lower unit includes a screened porch
- Full basement with shared laundry and abundant storage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $19.08 |
| − Vacancy | −$2.4k | −$1.11 |
| EGI | $38.2k | $17.97 |
| − OpEx | −$17.2k | −$8.09 |
| NOI | $21.0k | $9.89 |
