Spacious Condo in Deepwood
8300 Deepwood Boulevard #8, Mentor, OH 44060
For Sale
$177,000
Move-in ready, three-bedroom condo with updated features and amenities.
Property Size1,418 SF
Lot Size0.32 Acres
Days on Market341
Property Features for 8300 Deepwood Boulevard #8
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Fireplace
Baseboard
Electric
Zoned
Central Air
Dryer
Dishwasher
Range
Refrigerator
Washer
Patio, Pool, Asphalt, Fiberglass
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Living
Listed By:
Andrey Godes · License #2018006158
(440) 796-0460
Source:
Kw
Added: Dec 2, 2025
Changed: Oct 26
Last Checked: Nov 6 at 12:53PM
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 Keller Williams Living
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Investment Insights
Based on property information with market context.
This spacious three-bedroom condo is located in the back of Deepwood Condo Estates. It features a step-down living room with a wood-burning fireplace and tall ceilings overlooking the courtyard. There is a formal dining room and an eat-in kitchen with heated tile floors. The second floor houses three bedrooms and two full baths. A half bath and laundry area are located on the main level. The property includes a cement patio between the kitchen and garage, offering privacy, as well as replacement windows throughout. A detached two-car garage is included. Residents can enjoy a recently renovated in-ground pool and clubhouse. Guest parking is nearby, with easy access to the pool and party center area. A new garage door opener and new HVAC were installed in 2024. A one-year APHW home warranty is included.
Key Highlights
- New HVAC (2024) and 1 Year Home Warranty Included
- Recently Renovated In‑Ground Pool and Clubhouse
- Detached Two‑Car Garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,660
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,200
$273.2K
Cap Rate 7%
$195,143
$195.1K
Cap Rate 9%
$151,778
$151.8K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$26.0K $18.36/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$24.8K $17.52/SF
− OpEx
−$11.2K −$7.88/SF
NOI
$13.7K $9.63/SF
Area
Lake County, OH
Vacancy
4.60%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,200
Cap Rate 7%
$195,143
Cap Rate 9%
$151,778
Alternative Uses
Best Use
Apartment 5plus
$195.1K
$170.8K – $227.7K
NOI $13,660 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.5K
$286.6K – $382.1K
NOI $22,925 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
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Business Placement
Demographics for 44060, OH
60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready, three-bedroom condo with updated features and amenities.
Where is this apartment building located?
The property is located at 8300 Deepwood Boulevard #8 Mentor, OH.
What is the asking price?
The asking price for this property is $177,000.
What are key features of this property?
This property features: New HVAC (2024) and 1 Year Home Warranty Included; Recently Renovated In‑Ground Pool and Clubhouse; Detached Two‑Car Garage
