4427 Woburn Avenue Old, Brooklyn, OH 44109

Building Details

Building Size 1,918 SF More

Year Built 1915 More

Buildings 2 More

Listing Agency: REAFCO

Listed By: Mamadou Diouf · License #2024000554 Show Phone

Source: Coccarealestate

Added: Nov 6 Last Checked: Nov 7 at 6:55AM

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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 REAFCO

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Investment Insights

Based on property information with market context.

This 1,918-square-foot duplex at 4427 Woburn Avenue has two two-bedroom units. The upper residence includes a finished attic, while the lower one has a finished basement. Renovations brought new plumbing and electrical systems, flooring, cabinetry, quartz countertops and paint. A new furnace and two water heaters have also been installed, and stainless steel appliances are included.

The property was built in 1915. Exterior improvements include an updated garage and a fully repaved asphalt driveway. One unit is leased; the other is vacant and available for occupancy or leasing.

Key Highlights

• 1,918‑square‑foot duplex with two two‑bedroom units
• Upper unit includes a finished attic; lower unit has a finished basement
• Renovated plumbing, electrical, flooring, cabinetry, and quartz countertops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,960

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,200 $379.2K

Cap Rate 7%

$270,857 $270.9K

Cap Rate 9%

$210,667 $210.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,918 SF

Gross rent

$36.6K $19.08/SF

− Vacancy

−$2.1K −$1.11/SF

EGI

$34.5K $17.97/SF

− OpEx

−$15.5K −$8.09/SF

NOI

$19.0K $9.89/SF

Area

Cuyahoga County, OH

Vacancy

5.80%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,200

Cap Rate 7%

$270,857

Cap Rate 9%

$210,667

Alternative Uses

Best Use

Multifamily LT 5

$290.5K

$254.2K – $338.9K (±1% cap)

NOI $20,336 @ 7.0% cap · market cap 9.24%

Second Best

Apartment 5plus

$270.9K

$237.0K – $316.0K (±1% cap)

NOI $18,960 @ 7.0% cap · market cap 8.62%

Theoretical Best

Warehouse

$1.54M

$1.34M – $1.79M (±1% cap)

NOI $107,575 @ 7.0% cap · market cap 48.90%

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

637

Businesses Nearby

Explore this area Business Placement

Demographics for 44109, OH

39,121

Population

19,588

Households

2

Avg Household Size

36

Median Age

17%

College-Educated

81%

High-School Grad

7.1 sq mi

ZIP Area

5,510

Density / Sq Mi

$43,130

Median Household Income

$34,050

Median Earnings

$861

Median Rent

$112,700

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Cuyahoga County, OH

$79.21 Jul

$80.01 Aug

$79.57 Sep

$79.41 Oct

Properties on Market for Duplexes in Cuyahoga County

Jul

Aug

Sep

Oct

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 - Two separate two-bedroom residences include finished bonus areas and recent mechanical upgrades.

Where is this duplex located?

The property is located at 4427 Woburn Avenue Old Brooklyn, OH.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: 1,918‑square‑foot duplex with two two‑bedroom units; Upper unit includes a finished attic; lower unit has a finished basement; Renovated plumbing, electrical, flooring, cabinetry, and quartz countertops