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Renovated Duplex With Third-Floor Potential
New
For Sale
$159,800

10121 Parkgate Ave, Cleveland, OH 44108

Fully occupied duplex with updated systems, separate laundry hookups, tenant storage, and additional third-floor space.

Property Size2,753 SF
Price / SF$58.05
Days on Market7

Property Features for 10121 Parkgate Ave

General Information

Standard status Active
Size 2,753 SF
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units 2

Additional Details

Gross Income $23,700

Taxes and HOA fees

Annual Taxes $1,209

Amenities

basement laundry hookups
storage space
original hardwood woodwork

Building Details

Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Keller Williams Greater Metropolitan
Listed By: Keleigh Veraldo-Zucchero · License #2021001993
Source: Exprealty
Added: Sep 12 Changed: Sep 17 Last Checked: Sep 17 at 2:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Greater Metropolitan

Investment Insights

Based on property information with market context.

Located at 10121 Parkgate Ave in Cleveland, this 2,753-square-foot duplex includes two occupied apartments and a third-floor area with new flooring and windows. The first-floor residence has 2 bedrooms, 1 full bath, an open living room, formal dining room, updated lighting, LVP flooring, and a new gas furnace. The second-floor apartment contains 3 bedrooms and 2 full baths, along with original hardwood woodwork and refreshed flooring, plumbing, lighting, and paint.

Recent property improvements include two new gas furnaces, updated plumbing, vinyl windows on the 2nd and 3rd floors, and LVP flooring throughout. Both apartments offer basement laundry hookups and additional tenant storage. The property also has completed 25-year lead inspection documentation, rental registration, and furnace certifications. The third floor may offer an opportunity for an additional rental unit, subject to buyer verification and applicable requirements.

Key Highlights

  • 2,753‑square‑foot duplex with two occupied apartments
  • First‑floor unit offers 2 bedrooms and 1 full bath
  • Second‑floor unit includes 3 bedrooms and 2 full baths

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

373
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Fully occupied duplex with updated systems, separate laundry hookups, tenant storage, and additional third-floor space.
Where is this duplex located?
The property is located at 10121 Parkgate Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $159,800.
What are key features of this property?
This property features: 2,753‑square‑foot duplex with two occupied apartments; First‑floor unit offers 2 bedrooms and 1 full bath; Second‑floor unit includes 3 bedrooms and 2 full baths
More about this property
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