Updated Duplex in Ohio
3100 Hancock Avenue Cleveland, OH 44113
3100 Hancock Avenue, Cleveland, OH, 44113
$295,000
For Sale
$295,000
MULTI_FAMILY - Cleveland, OH
Property Size1,540 SF
Lot Size0.06 Acres
Price / SF$191.56
Days on Market86
Property Features for 3100 Hancock Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2
- Parking features
- Off Street
- Standard status
- Active
- APN
- 007-09-145
- Size
- 1,540 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 69 B&L 0235 SEP
- Tax Annual Amount
- 2764
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing Agency
HomeSmart Real Estate Momentum LLC
(440) 578-8058
8518 Mentor Avenue, Suite C, Mentor, OH
Listed by
Anthony Aviles · License #2016001457
(216) 212-9219
Added: Apr 23 Checked: Jul 17 at 12:06 pm
MLS# 5204056
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.
Investment Insights
Based on property information with market context.
Located in the Ohio City neighborhood, this duplex at 3100 Hancock Avenue, Cleveland, OH 44113 features four bedrooms and two bathrooms. The property includes updated units, a new roof, and an off-street parking pad. Situated on a lot of 0.0592 acres, the building has a size of 1540 square feet. The property is located steps from West 25th St & Lorain Ave, and minutes from Gordon Square, Edgewater, and Downtown Cleveland. This property is suitable for investors and owner occupants.
Key Highlights
- 4‑bed, 2‑bath duplex with rooms including 4 bedrooms and 2 bathrooms
- Units feature updates and the property includes a new roof
- Vinyl siding exterior with asphalt/fiberglass roofing
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 | $27.5k | $17.88 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $26.3k | $17.08 |
| − OpEx | −$7.9k | −$5.12 |
| NOI | $18.4k | $11.95 |
1,540 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,407 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$243.9K
$213.5K – $284.6K
NOI $17,076 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Four-bedroom, two-bath duplex with updated units and off-street parking.
Where is this duplex located?
The property is located at 3100 Hancock Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 4‑bed, 2‑bath duplex with rooms including 4 bedrooms and 2 bathrooms; Units feature updates and the property includes a new roof; Vinyl siding exterior with asphalt/fiberglass roofing
