Cleveland Multifamily Investment
11116 Lardet Avenue, Cleveland, OH 44104
MULTI_FAMILY - Cleveland, OH
Property size:
3,398 SFLot size:
0.10 AcresPrice / SF:
$23/SF- Added:
- Apr 27, 2026
- Days on Market:
- 20
- Last Refresh:
- May 16 at 6:06 pm
Property Features for 11116 Lardet Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Laundry Room, Basement, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage, Driveway
- Standard status
- Active
- APN
- 128-24-039
- Size
- 3,398 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1155
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Building materials
- WoodSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Michael A Ferrante License #2019005741 (216) 373-7727
Listing office LPT Realty 7055 Engle Rd., Building 6-601, Middleburg Hts, OH (877) 366-2213
Listing date Apr 27, 2026
MLS# 5205357
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
- High CAP Rate: Over 15% based on current gross rent and list price.
- Immediate Rental Income: Generating $1,283 per month with long‑term tenants.
- Two Separate Units: Configured as two units (2 bed/1 bath and 1 bed/1 bath).
- Desirable Location: Conveniently located near shopping, parks, public transportation, and major roadways.
- Ample Space: Nearly 1,700 sq ft with a full unfinished basement.
- Parking: Includes a driveway and rear parking area.
Overview
This Cleveland property presents an investor opportunity with existing rental income. Although zoned single-family, the property is configured as two separate units and has been used as such for several years. Both units are occupied by long-term tenants who are interested in remaining, providing an immediate gross monthly income of $1,283. The downstairs unit features 2 bedrooms and 1 full bathroom, while the upstairs unit includes 1 bedroom and 1 full bathroom. The property encompasses nearly 1,700 square feet and includes a full unfinished basement, forced-air gas heat, a driveway, and a rear parking area. Situated just west of E. 116th, the location offers convenient access to shopping, parks, playgrounds, public transportation, and major roadways. The property is listed at an over 15% capitalization rate based on the current gross rent and list price. Public records identify the property as a single-family residence; the current two-unit setup is disclosed for buyer due diligence regarding permitted use, zoning, and rental compliance. The lot size is 0.1 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.607855
- Latitude
- 41.475305
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property with immediate rental income in Cleveland.
Where is this duplex located?
The property is located at 11116 Lardet Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: High CAP Rate: Over 15% based on current gross rent and list price.; Immediate Rental Income: Generating $1,283 per month with long‑term tenants.; Two Separate Units: Configured as two units (2 bed/1 bath and 1 bed/1 bath).
