Updated Triplex with
For Sale
$659,000
6110 W Clinton Avenue, Cleveland, OH 44102
ResidentialIncome, Cleveland, OH
Property Size3,666 SF
Lot Size0.15 Acres
Price / SF$179.76
Days on Market19
Property Features for 6110 W Clinton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Half bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 4, Bathroom 5, Laundry Room, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Parking features
Garage, Driveway
Interior features
OpenFloorplan, NaturalWoodwork
Exterior features
Balcony, PrivateYard
Fencing
Fenced
Appliances
Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
Subdivision
Waterbury
Lot features
Front Yard
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
North of Franklin.
Standard status
Active
APN
002-16-065
Size
3,666 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
32 JS&W S/L 9 EP 0008 WP
Tax Annual Amount
13640
Legal Description
32 JS&W S/L 9 EP 0008 WP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ductless, Central Air
Water source
Public
Amenities
in-suite laundry
private rooftop deck
Building Details
Year built
1910
Floors in Building
3
Building materials
WoodSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(216) 970-0164
Listed By:
Julie A Marous · License #2014001453
(440) 479-4681
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 31 at 7:06AM
MLS# 5236310
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.
This three-unit property contains 3,666 square feet on a 0.1519-acre lot and dates to 1910. The residences include a first-floor two-bedroom, one-and-a-half-bath unit; a second-floor three-bedroom, one-bath unit; and a third-floor two-bedroom, two-bath unit. Each apartment has in-suite laundry, while kitchens and bathrooms have been updated. Original details include hardwood floors, pocket doors, natural woodwork, and solid wood entry doors. The property also features separate utilities, updated mechanical systems, a three-car garage, driveway parking, a fenced yard, a front porch, and a rooftop deck.
Key Highlights
- Three‑unit property with 3,666 square feet on a 0.1519‑acre lot
- Unit mix includes 2‑bedroom, 3‑bedroom, and 2‑bedroom residences
- In‑suite laundry and separate utilities serving all three units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,819
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,380
$876.4K
Cap Rate 7%
$625,986
$626.0K
Cap Rate 9%
$486,878
$486.9K
Market Conditions
NOI Build-Up for 3,666 SF
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.
Gross rent
$65.5K $17.88/SF
− Vacancy
−$2.9K −$0.80/SF
EGI
$62.6K $17.08/SF
− OpEx
−$18.8K −$5.12/SF
NOI
$43.8K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,380
Cap Rate 7%
$625,986
Cap Rate 9%
$486,878
Alternative Uses
Best Use
Multifamily LT 5
$626.0K
$547.7K – $730.3K
NOI $43,819 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$894.6K
$782.8K – $1.04M
NOI $62,623 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three renovated residences offer separate utilities, private laundry, outdoor space, and off-street parking.
Where is this triplex located?
The property is located at 6110 W Clinton Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Three‑unit property with 3,666 square feet on a 0.1519‑acre lot; Unit mix includes 2‑bedroom, 3‑bedroom, and 2‑bedroom residences; In‑suite laundry and separate utilities serving all three units
