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Three-Unit Triplex Near Campuses
New
For Sale
$169,500

10117 SOMERSET AVENUE, Cleveland, OH 44108

MULTI_FAMILY - CLEVELAND, OH

Property Size4,096 SF
Price / SF$41.38
Days on Market2

Property Features for 10117 SOMERSET AVENUE

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision UNIVERSITY CIRCLE
Standard status Active
Size 4,096 SF

Building Details

Year built 1911
Listing Agency: Schmidt Realty · Coldwell Banker Real Estate
Listed By: Christopher Frederick · License #426983
Added: Aug 13 Last Checked: Aug 14 at 3:06PM
MLS# 5195508

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 4096-square-foot triplex in Cleveland contains three residential units, each with 2 bedrooms and 1 full bath. The building dates to 1911 and includes updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Utilities are separately metered for each unit.

The third-floor apartment is occupied by a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready. The property is in the University Circle/Wade Park area, approximately a 2-minute drive or 5-minute walk from major college and medical campuses. Showings are limited to the first two units until an accepted offer.

Key Highlights

  • Three‑unit building with 2 bedrooms and 1 full bath in each apartment
  • 4096 square feet; built in 1911
  • First- and second‑floor units are vacant and rent‑ready

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom

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
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

374
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
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Frequently Asked Questions

What type of property is this?
Triplex - Separate metering, refreshed electrical systems, and updated furnaces and hot water tanks support efficient unit operations.
Where is this triplex located?
The property is located at 10117 SOMERSET AVENUE Cleveland, OH.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Three‑unit building with 2 bedrooms and 1 full bath in each apartment; 4096 square feet; built in 1911; First- and second‑floor units are vacant and rent‑ready
More about this property
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