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Three-Unit Multifamily Property
For Sale
$165,000

957 PARKWAY ROAD, Cleveland, OH 44108

CLEVELAND, OH

Property Size4,265 SF
Price / SF$38.69
Days on Market12

Property Features for 957 PARKWAY ROAD

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 7, Bedroom 2
Subdivision ADAMS REALTY
Standard status Active
Size 4,265 SF

Building Details

Year built 1900
Listing Agency: Schmidt Realty · Coldwell Banker Real Estate
Listed By: Christopher Frederick · License #426983
Added: Aug 13 Changed: Aug 20 Last Checked: Aug 24 at 9:06AM
MLS# 5199471

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 Cleveland multifamily property contains three rental units within 4,265 square feet. The room data identifies seven bedrooms, and all three units are currently rented. Interior layouts are described as functional, with maintenance completed to support ongoing occupancy. Current rentals are identified as non-Section 8.

Built in 1900, the property is located at 957 Parkway Road in Cleveland, Ohio, within Cuyahoga County. Minor exterior repairs remain, creating a defined improvement need for the next owner. Tenant access is subject to an accepted offer, and the property is offered without owner financing.

Key Highlights

  • Three currently rented residential units
  • 4,265 square feet across the property
  • Seven bedrooms identified in the room data

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby

Demographics for 44108, OH

20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Occupied rental asset with maintained interiors and minor exterior work identified.
Where is this triplex located?
The property is located at 957 PARKWAY ROAD Cleveland, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Three currently rented residential units; 4,265 square feet across the property; Seven bedrooms identified in the room data
More about this property
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