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    The Largest CRE Database in the US with Over 1 Million Listings

    13935 Southington Rd Cleveland, OH 44120

    Sponsored
    For Sale
    $325,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,868 SF
    Lot size:
    0.20 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 1 at 11:06 am

    Property Features for 13935 Southington Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Laundry Room, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bedroom 2
    Bedrooms
    6
    Bathrooms
    6
    APN
    144-06-060
    Parking features
    Garage
    Size
    2,868 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Steam, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    3
    Building materials
    Frame
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Terry Young

    Greater Cleveland (216) 839-5500

    Listing agent Terry Young (216) 400-5224 License #237938

    Listing date Jan 26, 2026

    MLS# 5183319 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.

    Learn more

    Property Insight Report

    Overview

    Charming Tudor-Style Duplex with Income

    Located on the border of Cleveland and Shaker Heights in the Ludlow neighborhood, this Tudor-style duplex at 13935 Southington Rd offers classic character and spacious living. The property is well-maintained and presents an opportunity for investors and owner-occupants, with potential as a short term rental for traveling nurses. The first and second floor units feature similar floor plans with architectural details. Each unit includes a living room with an original fireplace, hardwood floors, and French doors leading to a covered porch on the first floor and a private balcony on the second. Formal dining rooms feature wood flooring and built-in cabinetry, with the second-floor dining room enhanced by high ceilings. The kitchens are equipped with appliances and ample cabinet storage. Both units have a Jack-and-Jill full bathroom between the bedrooms. The first-floor unit includes an additional half bath, while the second-floor unit features an en-suite half bath connected to the third bedroom, located above the attached garage. The finished third-floor efficiency unit is livable and rentable, offering a living room, an eat-in kitchen, a bedroom, and an updated full bathroom. While the property is zoned as a duplex, the third-floor unit is configured as a separate living space, providing rental appeal. The property size is 2868 square feet and the lot size is 0.1983 acres.
    Property Profile Insight Report 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
    -81.584894
    Latitude
    41.47533

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    FAQs

    What type of property is this?
    Triplex - Well-maintained duplex near Shaker Heights with income potential.
    Where is this triplex located?
    The property is located at 13935 Southington Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Income Potential: Functional third-floor efficiency unit offers significant supplemental income.; - Prime Location: Situated in the desirable Ludlow neighborhood on the border of Cleveland and Shaker Heights.; - Classic Tudor Charm: Well-maintained duplex with original fireplaces, hardwood floors, French doors, and built-in cabinetry.
    (216) 400-5224
    Request Owner's contact information
    13935 Southington Rd 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
    13935 Southington Rd Cleveland, OH 44120
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    We can help!
    Listing Contact
    Terry Young
    Real Estate License ID: 237938
    (216) 400-5224
    Learn more
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