Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Euclid Brick Duplex For Sale Title is generated by Realmo AI

    654 E 240 Street, Euclid, OH 44123

    View on Map
    Claim this Listing
    Pending
    $185,000

    MULTI_FAMILY - Euclid, OH

    Lot size:
    0.16 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    44
    Last Refresh:
    May 14 at 9:06 am

    Property Features for 654 E 240 Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Basement
    Parking features
    Garage
    Standard status
    Pending
    APN
    643-34-042
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4005

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Elliot A Stone
    Elliot A Stone

    Listing agent Elliot A Stone License #2015002735

    Listing office Century 21 Homestar 31320 Solon Road, Suite 17, Solon, OH

    Listing date Apr 1, 2026

    MLS# 5197994 Listing URL

    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.

    HighLights

    • Brick duplex construction.
    • One unit is vacant, presenting immediate income potential or owner‑occupancy opportunity.
    • Each unit features three bedrooms and one bath.
    • Garage parking available.
    • Natural gas, forced air heating.
    • Public water and sewer.

    Overview

    This is a brick duplex located in Euclid, Ohio. Each unit features three bedrooms and one bathroom. The property is situated on a 0.16-acre lot. One unit is currently vacant, while the other is occupied by a tenant on a month-to-month lease. The property is being sold in as-is condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5155
    Latitude
    41.602924

    Nearby Similar for Sale

    • $199,999
      1,700 SF

      Retail Building on High-Traffic Street

      Turnkey retail building with established tenant in a prime location.
      524 E 200th Street, Euclid, OH 44119
      View Details
    • $399,999

      Turnkey Bar & Grill Opportunity

      Bar, grill, real estate, and equipment included in sale.
      21702 Saint Clair Avenue, Euclid, OH 44117
      View Details
    • $279,000

      Retail/Service Building with Income

      Two-story commercial building on E. 185th Street retail corridor.
      669 E 185th Street E, Euclid, OH 44119
      View Details
    • $259,900
      2,940 SF

      Meticulously Maintained Duplex Near Euclid High

      All brick duplex in prime location with long-term local ownership.
      663 Babbitt Road, Euclid, OH 44123
      View Details
    • $200,000
      2,072 SF

      Euclid Duplex: Turnkey Investment

      Turnkey duplex in Euclid, ready for investors or owner-occupants.
      927 E 216th Street, Euclid, OH 44119
      View Details
    • $199,900
      1,656 SF

      Solid Brick Duplex with Garage

      Euclid duplex with income potential, garage, and recent updates.
      275 E 200th Street, Euclid, OH 44119
      View Details
    • $350,000

      Versatile Warehouse Space For Sale

      Multi-tenant warehouse with flexible layout, ideal for industrial and storage.
      1440 Dille Road, Euclid, OH 44117
      View Details
    • $140,000
      2,071 SF

      Euclid Duplex: Income Opportunity

      Income-producing duplex in Euclid with separate entrances and utilities.
      19326 Tyronne Avenue, Euclid, OH 44119
      View Details
    • $139,900
      1,944 SF

      Colonial Duplex with Income Potential

      Euclid duplex with rental income potential and detached garage.
      20101 Tracy Avenue, Euclid, OH 44123
      View Details
    • $275,000
      3,850 SF

      Brick Duplex with Garages

      Three-bedroom duplex with separate driveways and two-car garages.
      20207 Lake Shore Boulevard, Euclid, OH 44123
      View Details
    • $182,500

      Remodeled Duplex with Income Potential

      Fully remodeled duplex with potential for additional income.
      18627 Abby Avenue, Euclid, OH 44119
      View Details
    • $3,400,000
      27,192 SF

      Former Car Dealership on Highway

      27,192 SF former car dealership on 5.6 acres for sale.
      940 Babbitt Road, Euclid, OH, 44123
      View Details

    FAQs

    What type of property is this?
    Duplex - Euclid duplex with month-to-month tenant, sold as is.
    Where is this duplex located?
    The property is located at 654 E 240 Street Euclid, OH.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Brick duplex construction.; One unit is vacant, presenting immediate income potential or owner‑occupancy opportunity.; Each unit features three bedrooms and one bath.
    (216) 570-0750
    We can help!
    Listing Contact
    Elliot A Stone
    Elliot A Stone
    Real Estate License ID: 2015002735
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    654 E 240 Street, Euclid, OH 44123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!