Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1460 S Belvoir Boulevard South Euclid, OH 44121

    View on Map
    For Sale
    $274,000

    MULTI_FAMILY - South Euclid, OH

    Property size:
    5,028 SF
    Lot size:
    0.25 Acres
    Added:
    Dec 12, 2025
    Days on Market:
    110
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for 1460 S Belvoir Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 4, Bedroom 4, Basement, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2
    Standard status
    Active
    APN
    704-05-046
    Size
    5,028 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    63 BELVTER &S/L10 SP 0009 SP
    TaxAnnualAmount
    6935

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Fiberglass, Asphalt

    We can help!

    Listing Contact
    Tzipora Sonnenschein

    Listing agent Tzipora Sonnenschein License #2017005731

    Listing office Berkshire Hathaway HomeServices Professional Realty 20100 Chagrin Boulevard, Mentor, OH

    Listing date Dec 12, 2025

    MLS# 5174938 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.

    Overview

    Turnkey Triplex in South Euclid

    This brick triplex is located in South Euclid, OH, and offers immediate cash flow. The property, situated on a 0.25-acre lot, features approximately 3,400 square feet of living space. It includes four garage spaces and shared basement access with two washers, two dryers, three hot water tanks, and three gas meters. Central air conditioning is available. The triplex consists of three units: two units with two bedrooms and one bathroom each, and one unit with two bedrooms and two bathrooms. All units are equipped with kitchen appliances, including a refrigerator and oven. Currently, the property generates $3,050 per month, with all tenants on month-to-month leases. This property presents a strong upside potential and is suitable for both seasoned and first-time investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    South Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5319
    Latitude
    41.5271

    Nearby Similar for Sale

    • $248,000

      High Traffic Retail Location

      Retail property in high-traffic South Euclid location.
      4226 Mayfield Road, South Euclid, OH 44121
      View Details
    • $2,279,000

      Well-Located Retail Strip Center

      Fully leased retail strip center on Mayfield Road for sale.
      4257-4279 Mayfield Rd, South Euclid, OH
      View Details
    • $1,420,000

      Retail Property For Sale

      Retail property available for purchase in South Euclid, Ohio.
      359-401 S Green Rd, South Euclid, OH
      View Details
    • Contact for pricing
      3,340 SF

      South Euclid Office Space

      3,340 SF office space available for lease.
      4338 Mayfield Rd, South Euclid , OH
      View Details
    • $1,546,930
      11,679 SF

      Advance Auto Parts For Sale

      Advance Auto Parts with long-term lease in South Euclid, Ohio.
      4105 Mayfield Rd, South Euclid, OH 44121
      View Details
    • Contact for pricing
      14,020 SF

      Retail Space Available

      Retail space for sale, 14020 square feet.
      4460 Mayfield Rd, South Euclid, OH 44121
      View Details

    FAQs

    What type of property is this?
    Triplex - Income-producing triplex with immediate cash flow potential.
    Where is this triplex located?
    The property is located at 1460 S Belvoir Boulevard South Euclid, OH.
    What is the asking price?
    The asking price for this property is $274,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing triplex generating $3,050/month.; Prime location with immediate cash flow.; Four garage spaces included.
    (216) 406-9109
    We can help!
    Listing Contact
    Tzipora Sonnenschein
    Real Estate License ID: 2017005731
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!