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

    1812 Hastings Ave East Cleveland, OH 44112

    View on Map
    Sponsored
    For Sale
    $280,000

    MULTI_FAMILY - East Cleveland, OH

    Property size:
    3,900 SF
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 11 at 6:06 am

    Property Features for 1812 Hastings Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 8, Bedroom 7, Bedroom 9, Bathroom 3, Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 2, Basement
    Bedrooms
    9
    Bathrooms
    3
    APN
    673-11-087
    Parking features
    On Street
    Size
    3,900 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Alphadetta Briscoe
    Alphadetta Briscoe

    Greater Cleveland (216) 839-5500

    Listing agent Alphadetta Briscoe (216) 533-4307 License #2020005877

    Listing date Mar 10, 2026

    MLS# 5192304 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

    East Cleveland Triplex Investment Opportunity

    This well-maintained brick triplex in East Cleveland offers three units, each featuring three bedrooms and one bathroom. The townhouse-style layout provides tenants with privacy, including separate covered front porch entrances and rear porches. Each unit also has its own basement with laundry hook-ups and ample storage space. The building features a new roof installed in 2026 and newer windows. Other recent updates and repairs have been completed, and all major systems are well-maintained and in good condition. The property is professionally managed and fully occupied, ensuring immediate cash flow. Situated on the east side of the newly resurfaced Euclid Avenue, an extension of the Euclid corridor, the property is just minutes from downtown Cleveland. It is also conveniently located near the Cleveland Heights border, close to public transportation and city offices. The property is a short distance from Cleveland's entertainment, eateries, Wade Oval, museums, major universities, schools, and healthcare facilities. The property size is 3900 square feet and the lot size is 0.086 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.57115
    Latitude
    41.539923

    Nearby Similar for Sale

    • New
      $85,000
      Pending

      East Cleveland Duplex For Sale

      Fully rented duplex with immediate cash flow in prime location.
      1623 Delmont Ave, East Cleveland, OH 44112
      View Details
    • $40,000
      1,992 SF

      East Cleveland Duplex Renovation Opportunity

      Value-add duplex needing full renovation in East Cleveland.
      1238 E 145Th St, East Cleveland, OH 44112
      View Details
    • $119,900
      3,636 SF

      Well-Maintained Two-Family Home

      Renovated two-family home with income potential in East Cleveland.
      1045 Carlyon Rd, East Cleveland, OH 44112
      View Details
    • New
      $79,900
      0.08 Acres

      Income-Producing Duplex with Finished Suite

      East Cleveland duplex with third-floor suite and long-term tenants.
      1286 E 134Th St, East Cleveland, OH 44112
      View Details
    • $152,500
      4,529 SF

      Remodeled Triplex Near Cleveland Heights

      Fully occupied, remodeled triplex with separate utilities and high cap rate.
      1602 Hillcrest Rd, East Cleveland, OH 44118
      View Details
    • $169,900
      2,864 SF

      East Cleveland Multifamily Value-Add Opportunity

      Three-unit property with income potential near University Circle.
      1526 Eddington Rd, East Cleveland, OH 44118
      View Details
    • $125,900
      Pending

      Renovated Multifamily in East Cleveland

      Fully renovated multifamily property with updated systems and modern finishes.
      16309 Nela View Rd, East Cleveland, OH 44112
      View Details
    • $59,000
      0.07 Acres

      East Cleveland Multifamily Investment Opportunity

      Multifamily property in East Cleveland with cash flow potential.
      14413 Potomac Ave, East Cleveland, OH 44112
      View Details
    • $50,000
      1,698 SF

      East Cleveland Duplex Opportunity

      Duplex in Cleveland, great potential for rental income.
      1276 E 133Rd St, East Cleveland, OH 44112
      View Details
    • $69,500
      0.13 Acres

      East Cleveland Multifamily Property

      Multifamily property in East Cleveland, sold as-is.
      1427 E 133Rd St, East Cleveland, OH 44112
      View Details
    • $74,000
      2,134 SF

      East Cleveland Multi-Unit Home

      Two-unit home with two bedrooms and one bathroom each.
      1269 E 143Rd St, East Cleveland, OH 44112
      View Details
    • Contact for pricing
      8,310 SF

      East Cleveland Retail Strip Center

      8,310 SF retail center in high-traffic area.
      13464 Euclid Ave, East Cleveland, OH 44112
      View Details

    FAQs

    What type of property is this?
    Triplex - Cash-flowing triplex near downtown Cleveland, fully occupied and professionally managed.
    Where is this triplex located?
    The property is located at 1812 Hastings Ave East Cleveland, OH.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Fully occupied triplex with professional property management in place for immediate cash flow.; - Townhouse-style units with separate covered front and rear porches, and private basements with laundry hook-ups.; - New Roof (2026) and Newer windows.
    (216) 533-4307
    Request Owner's contact information
    1812 Hastings Ave East Cleveland, OH 44112
    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.
    1812 Hastings Ave
    East Cleveland, OH 44112
    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
    1812 Hastings Ave East Cleveland, OH 44112
    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

    We can help!
    Listing Contact
    Alphadetta Briscoe
    Alphadetta Briscoe
    Real Estate License ID: 2020005877
    (216) 533-4307
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!