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    12804 Imperial Ave Cleveland, OH 44120

    Pending
    For Sale
    $150,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,667 SF
    Lot size:
    0.09 Acres
    Days on Market:
    105
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 12804 Imperial Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Basement, Laundry Room, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 1
    Bedrooms
    6
    Bathrooms
    3
    APN
    129-29-137
    Parking features
    Driveway
    Exterior features
    Balcony
    Appliances
    Range
    Size
    2,667 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1925
    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 Aug 24, 2025

    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

    Turn-Key Triplex Investment Opportunity

    This turn-key triplex investment property is located in Cleveland, OH. The property has been extensively renovated and offers cash flow with minimal maintenance. Recent updates include a complete exterior and interior scrape and fresh paint. The property has passed city lead inspection, with a lead-safe certificate expected in approximately 3 months. Interior features include new LVP flooring and carpet throughout, along with some replaced windows. The unit mix includes two 2-bed, 1-bath units with a dining room, living room, and private porches, plus one 1-bed, 1-bath third-floor unit. All units have private entrances. The property includes a long driveway with ample parking and a partially fenced-in backyard. One unit is vacant, previously renting at $1,000. The second 2-bed unit rents for $925. The third-level 1-bed unit is projected to rent for $600 per month. The projected gross rent when fully leased is $2,600 per month. The roof was replaced in 2016, and the hot water tanks and furnaces are within the last 5 years. The property is close to parks, recreation, restaurants, freeway access, hospitals, and shopping. The property size is 2,667 square feet and the lot size is 0.0937 acres.
    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 Building Supply Clothing Store 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
    -81.593065
    Latitude
    41.472605

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    FAQs

    What type of property is this?
    Triplex - Renovated triplex with strong cash flow potential in Cleveland, OH.
    Where is this triplex located?
    The property is located at 12804 Imperial Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Turn-key triplex investment property with excellent cash flow potential.; - Projected gross rent of $2,600/month with an estimated 18-21% cash-on-cash return.; - Extensively renovated, including new LVP flooring, carpet, fresh paint, and some replaced windows.
    (440) 570-9514
    Request Owner's contact information
    12804 Imperial Ave Cleveland, OH 44120
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    Cleveland, OH 44120
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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
    12804 Imperial Ave Cleveland, OH 44120
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