Duplex With Detached
For Sale
$285,000
Pending
77 E Bridge St, Berea, OH 44017
Two-unit residential property with multiple heating and cooling systems and a detached garage.
Property Size2,294 SF
Days on Market46
Property Features for 77 E Bridge St
General Information
Standard status
Pending
Size
2,294 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,687
Listing Agency:
Worth Clark
(330) 414-6839
Listed By:
Benjamin West
(330) 414-6839
Source:
Exprealty
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 3:37PM
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 Worth Clark
Investment Insights
Based on property information with market context.
This duplex in Berea, Ohio, was built in 1903 and includes a detached garage. Interior systems listed for the property include central air, window units, forced-air heat, and radiant heat.
The property is located at 77 E Bridge Street on the north side of East Bridge Street, between West Street and Beech Street, in Cuyahoga County. Its recorded property size is 2294.
The property is located at 77 E Bridge Street on the north side of East Bridge Street, between West Street and Beech Street, in Cuyahoga County. Its recorded property size is 2294.
Key Highlights
- Duplex property at 77 E Bridge Street, Berea, OH 44017
- Detached garage included
- Built in 1903
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,460
$486.5K
Cap Rate 7%
$347,471
$347.5K
Cap Rate 9%
$270,256
$270.3K
Market Conditions
NOI Build-Up for 2,294 SF
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.
Gross rent
$37.2K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$34.7K $15.15/SF
− OpEx
−$10.4K −$4.54/SF
NOI
$24.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$486,460
Cap Rate 7%
$347,471
Cap Rate 9%
$270,256
Alternative Uses
Best Use
Multifamily LT 5
$347.5K
$304.0K – $405.4K
NOI $24,323 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,677 @ 7.0% cap · market cap 7.96%
Theoretical Best
Warehouse
$1.84M
$1.61M – $2.14M
NOI $128,664 @ 7.0% cap · market cap 45.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 44017, OH
18,611
Population
7,359
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
3,051
Density / Sq Mi
$72,044
Median Household Income
$37,182
Median Earnings
$981
Median Rent
$187,800
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 - Two-unit residential property with multiple heating and cooling systems and a detached garage.
Where is this duplex located?
The property is located at 77 E Bridge St Berea, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex property at 77 E Bridge Street, Berea, OH 44017; Detached garage included; Built in 1903
