Updated Duplex with Detached Rear
2051-2053 W 45th Street, Cleveland, OH 44102
MULTI_FAMILY - Cleveland, OH
Property size:
3,180 SFLot size:
0.12 AcresPrice / SF:
$157/SF- Added:
- Jun 17, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 25 at 12:06 am
Property Features for 2051-2053 W 45th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 8, Basement, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 5
- Standard status
- Active
- APN
- 006-20-058
- Size
- 3,180 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 48&49 T&H 0013 NWP
- Tax Annual Amount
- 6726
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Multi Units, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt
Listing agent Zee Sukalic License #2013004099 (216) 235-6125
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Jun 17, 2026
MLS# 5220029
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.
HighLights
- 3‑unit property: front duplex has two updated 2‑bed, 1‑bath units, plus a detached rear home (to be delivered vacant).
- Recent updates include updated kitchens and baths, newer flooring, fresh interior paint, updated plumbing, mostly updated electrical, and newer appliances.
- In‑unit washer/dryers in the units; select units include tankless water heaters and mini‑split heating/cooling systems.
- Both roofs are approximately 5 years old; vinyl siding exterior with an asphalt roof and public water/sewer.
- Kitchens feature granite or quartz countertops, modern cabinetry, gas ranges, dishwashers, refrigerators, and garbage disposals.
- Each unit includes off‑street parking and outdoor space; rear home has its own fenced patio area and finished loft/flex space.
Overview
This for-sale multifamily property includes a front duplex with two updated 2-bedroom, 1-bath units, plus a detached rear home to be delivered vacant. Recent upgrades throughout include updated kitchens and baths, newer flooring, fresh interior paint, updated plumbing, mostly updated electrical, in-unit washer/dryers, and newer appliances. The kitchen finishes include granite or quartz countertops, modern cabinetry, and gas ranges along with dishwashers, refrigerators, and garbage disposals. The duplex and detached home each provide off-street parking and outdoor space. Roofs are approximately five years old, and select units include tankless water heaters and mini-split heating and cooling systems.
The property is located at 2051–2053 W 45th Street in Cleveland, OH 44102. It sits near Ohio City, Gordon Square, Lorain Avenue, downtown Cleveland, and local dining and nightlife, with convenient highway access also noted.
With three separate dwellings available, the configuration supports multiple leasing strategies, including living in one unit while renting others, using the detached rear home for privacy as a guest residence or home office, or operating the property as a multi-unit rental. The detached rear home also includes an outdoor living area with a fenced patio, firepit, planting space, and a finished loft/flex area well suited to work-from-home or additional flexible living space.
The property is located at 2051–2053 W 45th Street in Cleveland, OH 44102. It sits near Ohio City, Gordon Square, Lorain Avenue, downtown Cleveland, and local dining and nightlife, with convenient highway access also noted.
With three separate dwellings available, the configuration supports multiple leasing strategies, including living in one unit while renting others, using the detached rear home for privacy as a guest residence or home office, or operating the property as a multi-unit rental. The detached rear home also includes an outdoor living area with a fenced patio, firepit, planting space, and a finished loft/flex area well suited to work-from-home or additional flexible living space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.9k | $17.88 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $54.3k | $17.08 |
| − OpEx | −$16.3k | −$5.12 |
| NOI | $38.0k | $11.95 |
3,180 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.0K
$475.1K – $633.5K
NOI $38,010 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$776.0K
$679.0K – $905.4K
NOI $54,322 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.717242
- Latitude
- 41.477289
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated duplex with two 2-bedroom units plus a detached rear home, offering flexible owner-occupant and rental options.
Where is this duplex located?
The property is located at 2051-2053 W 45th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3‑unit property: front duplex has two updated 2‑bed, 1‑bath units, plus a detached rear home (to be delivered vacant).; Recent updates include updated kitchens and baths, newer flooring, fresh interior paint, updated plumbing, mostly updated electrical, and newer appliances.; In‑unit washer/dryers in the units; select units include tankless water heaters and mini‑split heating/cooling systems.
