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    15711 Grovewood Ave Cleveland, OH 44110

    Pending
    For Sale
    $125,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,580 SF
    Lot size:
    0.09 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 15711 Grovewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    APN
    113-14-037
    Parking features
    Garage
    Size
    2,580 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    3
    Building materials
    AluminumSiding, VinylSiding
    Roof type
    Shingle, Fiberglass, Asphalt

    Greater Cleveland (216) 839-5500 [email protected]

    Listing agent Shoshana Socher (216) 255-7377 License #2006000982

    Listing date Nov 18, 2025

    MLS# 5163102 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

    Cleveland East Side Income Property

    This three-unit income property is located on Cleveland's East Side. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Two of the three units are currently occupied on a month-to-month basis, providing immediate income. Each unit offers functional layouts, separate utilities, and comfortable living space. The property is conveniently located near public transportation, shopping, dining, and major roadways. It is suitable for investors or an owner-occupant looking to live in one unit and rent the others. The property size is 2580 square feet and the lot size is 0.09 acres. The pro-forma cap rate is 20.72% and the current cap rate is 13.52%.
    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
    -81.570702
    Latitude
    41.575904

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    FAQs

    What type of property is this?
    Triplex - Three-unit income property with immediate income and flexible future plans.
    Where is this triplex located?
    The property is located at 15711 Grovewood Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - High Pro-Forma Cap Rate: 20.72% potential return.; - Income-Generating: Two of the three units are currently occupied.; - Multi-Unit Property: Features two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit.
    (216) 255-7377
    Request Owner's contact information
    15711 Grovewood Ave Cleveland, OH 44110
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    Cleveland, OH 44110
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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
    15711 Grovewood Ave Cleveland, OH 44110
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