Duplex With Detached
For Sale
$285,000
77 E Bridge Street, Berea, OH 44017
Two-unit residential property with multiple heating and cooling systems and a detached garage.
Property Size2,294 SF
Price / SF$124.24
Days on Market17
Property Features for 77 E Bridge Street
General Information
Standard status
Active
Size
2,294 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,687
Amenities
Central Air, Window Unit(s)
Forced Air, Radiant
Detached, Garage
Building Details
Year Built
1903
Buildings
1
Stories
2
Listing Agency:
(330) 414-6839
Listed By:
Benjamin West
(330) 414-6839
Source:
Evrealestate
Added: Jul 20
Changed: Aug 2
Last Checked: Aug 5 at 4:55AM
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 Benjamin West
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 For Multifamily LT 5
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 | $37.2k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.7k | $15.15 |
| − OpEx | −$10.4k | −$4.54 |
| NOI | $24.3k | $10.60 |
2,294 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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
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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 Street 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
