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    12404 Larchmere Blvd Cleveland, OH 44120

    View on Map
    Sponsored
    For Sale
    $415,000

    MULTI_FAMILY - Cleveland, OH

    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 5:06 pm

    Property Features for 12404 Larchmere Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Aluminum Frames
    Rooms
    Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Basement, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 6, Laundry Room, Bedroom 6
    Bedrooms
    7
    Bathrooms
    6
    APN
    129-11-022
    Parking features
    Garage
    Interior features
    BuiltInFeatures, CeilingFans, CrownMolding, GraniteCounters, RecessedLighting, VaultedCeilings
    Exterior features
    Balcony, GasGrill, PrivateEntrance, PrivateYard
    Appliances
    Cooktop, Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Forced Air
    Cooling system
    Central Air, Varies by Unit, Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asbestos Shingle

    We can help!

    Listing Contact
    Pietra Foster

    KW Living (440) 318-1620

    Listing agent Pietra Foster (216) 598-0420 License #2024001588

    Listing date Mar 18, 2026

    MLS# 5194335

    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.

    Learn more

    Property Insight Report

    Overview

    Larchmere District Duplex Opportunity

    Located in the heart of Cleveland's vibrant and historic Larchmere District, this all-brick duplex is situated on a prominent corner lot. The property blends classic architectural charm with modern updates and proven income potential, currently operating as a fully functional Airbnb. The spacious front unit offers four generously sized bedrooms, a beautifully updated kitchen with granite countertops and upgraded appliances, and original built-ins and expansive windows that flood the home with natural light. A covered front porch provides an outdoor space. The basement adds flexibility with a full bathroom and additional usable space, while convenient front parking enhances accessibility. The rear unit features its own private entrance and a thoughtfully designed layout, including an updated kitchen, living room, and dining room. Upstairs, the primary bedroom opens to a private balcony, complemented by an additional bedroom. The walkout basement expands the living possibilities with a bedroom and kitchenette. An attached deck provides an outdoor space. The property also includes an attached garage and a backyard retreat with an additional outdoor living space. The property is located steps from the shops, restaurants, and cultural charm of Larchmere, and minutes from Shaker Square. World-class healthcare at Cleveland Clinic and University Hospitals is a short 5-minute drive away. The lot size is 0.1341 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Willow Cove Art ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.596422
    Latitude
    41.487579

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    FAQs

    What type of property is this?
    Duplex - All-brick duplex in Cleveland's Larchmere District, currently operating as Airbnb.
    Where is this duplex located?
    The property is located at 12404 Larchmere Blvd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in the heart of the vibrant Larchmere District, steps from shops, restaurants, and cultural attractions.; - Income Potential: Currently operating as a fully functional Airbnb with proven short-term rental income.; - Duplex with Versatile Layout: Features a spacious front unit (4 bedrooms) and a rear unit with private entrance, balcony, and flexible basement spaces.
    (216) 598-0420
    Request Owner's contact information
    12404 Larchmere Blvd Cleveland, OH 44120
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    Cleveland, OH 44120
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    12404 Larchmere Blvd Cleveland, OH 44120
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    We can help!
    Listing Contact
    Pietra Foster
    Real Estate License ID: 2024001588
    (216) 598-0420
    Learn more
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