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    12322 Fairport Ave Cleveland, OH 44118

    Pending
    For Sale
    $148,500

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,736 SF
    Lot size:
    0.11 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 12322 Fairport Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Laundry Room, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    3
    APN
    110-22-073
    Parking features
    Driveway, Garage
    Appliances
    Range, Refrigerator
    Size
    2,736 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Roof type
    Asphalt, Fiberglass

    Coldwell Banker Schmidt Realty (440) 572-0220 [email protected]

    Listing agent Leilani M Bowersock (440) 570-9514 License #2005015619

    Listing date Dec 4, 2025

    MLS# 5172003 Listing URL

    Copyright © 2025 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.

    Overview

    Renovated Tenant-Occupied Cleveland Triplex

    This renovated triplex is fully tenant-occupied. The main level features a front enclosed patio area accessible to all tenants, along with private front and side entrances for each unit. The first and second floors have identical layouts, each including a large living room with a gas fireplace, three bedrooms, a dining room with built-in shelves and cabinets, a full kitchen, a full bathroom, and ample closet space. The third level is a fully renovated unit with one bedroom, a living room, an open layout kitchen, a full bathroom, and plenty of closet space. The property generates a gross monthly rent of $2085. Unit one rents for $795 per month, unit two for $695 per month, and unit three for $595 per month. Renovations include interior paint, light fixtures, redone ceilings, new carpet, flooring, or tile throughout each unit, renovated kitchens with new cabinets, sinks, countertops, and flooring, appliances for all units, renovated bathrooms with flooring, vanities, toilets, tubs, and tilework, carpet for the stairwell, all new plumbing, some newer windows this year, and all other windows newer as of 2022. Additional updates include a full concrete driveway, a flowerbed area, utility outlets for all units, second-floor balcony repairs, newer hot water tanks, furnace maintenance (within 10 years on furnaces), enclosed front patio paint, and vinyl siding. The property includes a two-car garage, not currently used, and a fenced-in backyard. The adjacent large lot is owned by the Cleveland Land Bank and may be acquired by the new owner. The property is City of Cleveland Lead Paint certified and compliant. It is located close to parks, restaurants, shopping, freeway access, and within close distance to downtown and hospitals. The lot size is 0.1056 acres, and the property size is 2736 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.600828
    Latitude
    41.531339

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    FAQs

    What type of property is this?
    Triplex - Completely renovated, tenant-occupied triplex with strong rental income.
    Where is this triplex located?
    The property is located at 12322 Fairport Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $148,500.
    What are key features of this property?
    This property features: - Fully tenant-occupied triplex generating $2085/month gross rent.; - Completely renovated units with **new kitchens and bathrooms**.; - Opportunity to acquire a **huge adjacent lot** from the Cleveland Land Bank for a nominal fee.
    (440) 570-9514
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    Realmo Value Estimation

    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.

    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.

    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
    12322 Fairport Ave Cleveland, OH 44118
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