3305 Roanoke Avenue Cleveland, OH 44109
MULTI_FAMILY - Cleveland, OH
Property Features for 3305 Roanoke Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 3
- Parking features
- Garage, On Street, Driveway
- Standard status
- Active Under Contract
- APN
- 014-20-142
- Size
- 1,355 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 63 SEARS 0171 EP
- Tax Annual Amount
- 3207
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Cole Belter License #2024004251 (440) 781-4531
Listing office RE/MAX Crossroads Properties 1100 Linda Street, Strongsville, OH (440) 331-2870
Listing date Mar 26, 2026
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 at 3305 Roanoke Avenue in Cleveland, the property is described as being in a convenient area close to shopping, restaurants, parks, and major highways. Access to everyday amenities and nearby destinations is a practical consideration for tenants, helping the units remain attractive for long-term occupancy.
For investors or buyers seeking a turn-key, income-oriented multifamily asset, this duplex offers an immediately occupied setup with renovation completed in the upstairs unit. The configuration provides two separate rental spaces under one roof, which can simplify ownership and management compared with assembling multiple standalone properties. With updates already in place and occupancy currently in effect, the duplex may fit buyers looking to add a maintained, low-maintenance residential income property to their portfolio.
Key Highlights
- Fully rented duplex at 3305 Roanoke Ave, Cleveland, with two units currently generating income
- Upstairs unit has been fully renovated, with fresh updates and modern finishes
- Year built 1920; exterior includes vinyl siding
Local Financial Insights For Apartment 5plus
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 | $28.5k | $21.00 |
| − Vacancy | −$1.1k | −$0.84 |
| EGI | $27.3k | $20.16 |
| − OpEx | −$12.3k | −$9.07 |
| NOI | $15.0k | $11.09 |
