Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5678 Hamlet Ave Cleveland, OH 44127

    Sponsored
    For Sale
    $115,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    1,888 SF
    Lot size:
    0.11 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 27 at 1:06 am

    Property Features for 5678 Hamlet Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Basement
    Bedrooms
    3
    Bathrooms
    3
    APN
    125-26-129
    Parking features
    Driveway
    Size
    1,888 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Building materials
    Block
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Paula Zampallo Ramirez

    EXP Realty (866) 212-4991

    Listing agent Paula Zampallo Ramirez (216) 972-7862 License #2021000869

    Listing date Jan 9, 2026

    MLS# 5180241 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

    Updated Duplex with Income Potential

    This well-maintained duplex in Cleveland, Ohio, presents an investment opportunity with income potential. The upstairs unit features a new bathroom and a new furnace, and includes one bedroom, one bathroom, a living room, and an eat-in kitchen. The downstairs unit, consisting of two bedrooms and one bathroom, is vacant and ready for renovation or a new tenant. Both units are equipped with two newly installed water heaters. The property, situated on a 0.1074-acre lot, offers 1888 square feet of living space. This duplex is suitable for expanding a rental portfolio or for owner-occupancy with rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.648779
    Latitude
    41.468324

    Nearby Similar for Sale

    • $476,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • New
      $148,500
      Pending

      Renovated Tenant-Occupied Cleveland Triplex

      Fully renovated triplex with tenants, generating $2085 monthly gross rent.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $399,000
      8,262 SF

      Lakewood Mixed-Use Investment Opportunity

      Mixed-use property with retail and residential units in desirable Lakewood.
      13375 Madison Ave, Cleveland, OH 44107
      View Details
    • New
      $148,500
      Pending

      Renovated Triplex in Cleveland, OH

      Fully renovated, tenant-occupied triplex near downtown Cleveland.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • $375,000
      2,884 SF

      Renovated Duplex in Cleveland, OH

      Updated duplex with separate basements and fenced backyard in Cleveland.
      11002 Parkhurst Dr, Cleveland, OH 44111
      View Details
    • $210,000
      4,064 SF

      Cleveland Duplex: Investor Opportunity

      Spacious duplex in investor-friendly neighborhood with income potential.
      3847 W 38Th St, Cleveland, OH 44109
      View Details
    • $476,000
      0.08 Acres

      Updated Multifamily Portfolio in Cleveland

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $174,900
      2,895 SF

      Renovated Duplex with Bonus Suite

      Completely renovated duplex with modern finishes and bonus living space.
      10613 Sandusky Ave, Cleveland, OH 44105
      View Details
    • $210,000
      4,064 SF

      Cleveland Duplex: Investor Opportunity

      Spacious duplex in desirable Cleveland neighborhood with income potential.
      3847 W 38Th St, Cleveland, OH 44109
      View Details
    • $169,900
      4,135 SF

      Income-Producing Triplex with Updates

      Updated 3-family brick triplex with 2-car garage in Cleveland.
      18715 Mohawk Ave, Cleveland, OH 44119
      View Details
    • $169,900
      4,135 SF

      Income-Producing Brick Triplex

      Three-unit property with updates and income potential in Cleveland, OH.
      18715 Mohawk Ave, Cleveland, OH 44119
      View Details
    • $249,900
      2,995 SF

      Buckeye/Shaker Triplex Colonial

      Classic triplex near amenities, ideal for investment.
      2915 Ludlow Rd, Cleveland, OH 44120
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with updates and rental income potential in Cleveland.
    Where is this duplex located?
    The property is located at 5678 Hamlet Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Updated Duplex with Income Potential: Ideal for investors or owner-occupants seeking rental income.; - Upstairs Unit: Features a brand-new bathroom addition and a new furnace for tenant comfort and efficiency.; - Downstairs Unit: Vacant and ready for renovation or immediate rental at current market rates.
    (216) 972-7862
    Request Owner's contact information
    5678 Hamlet Ave Cleveland, OH 44127
    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.
    5678 Hamlet Ave
    Cleveland, OH 44127
    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
    5678 Hamlet Ave Cleveland, OH 44127
    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
    Paula Zampallo Ramirez
    Real Estate License ID: 2021000869
    (216) 972-7862
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.