Two-Unit Duplex with
11320 Florian Ave, Cleveland, OH 44111
For Sale
$168,000
Pending
Both residences offer separate utilities, central air, and two-bedroom layouts with full basement access.
Property Size1,674 SF
Days on Market66
Property Features for 11320 Florian Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Average Monthly Rent
Taxes and HOA fees
Annual Taxes
Amenities
central air
patio
fenced yard
Building Details
Buildings
Listing Agency:
Prestige Realty West
(440) 871-6300
Listed By:
Renee Stybel · License #2003003804
(216) 702-8915
Source:
Exprealty
Added: Sep 3
Changed: Oct 25
Last Checked: Nov 6 at 1:51PM
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 Prestige Realty West
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,674 SF, with each residence arranged as a two-bedroom, one-bath home featuring a kitchen, living room, and dining area. Both units have central air and separate utilities. Shared improvements include a full basement, a partially finished attic, a fenced rear yard with patio, landscaping, and a two-car garage.
The property is located on Cleveland’s West Side at 11320 Florian Ave. Both residences are occupied under month-to-month arrangements, and the current tenants have expressed interest in remaining. The home has been maintained by the same owner for 40 years.
The property is located on Cleveland’s West Side at 11320 Florian Ave. Both residences are occupied under month-to-month arrangements, and the current tenants have expressed interest in remaining. The home has been maintained by the same owner for 40 years.
Key Highlights
- Two‑unit duplex with 1,674 SF
- Each unit includes 2 bedrooms, 1 bath, kitchen, living room, and dining room
- Central air and separate utilities serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,835
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,700
$296.7K
Cap Rate 7%
$211,929
$211.9K
Cap Rate 9%
$164,833
$164.8K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$28.7K $17.16/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$27.0K $16.11/SF
− OpEx
−$12.1K −$7.25/SF
NOI
$14.8K $8.86/SF
Area
ZIP 44111
Vacancy
6.10%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,700
Cap Rate 7%
$211,929
Cap Rate 9%
$164,833
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.4K – $311.2K
NOI $18,670 @ 7.0% cap · market cap 11.11%
Second Best
Apartment 5plus
$211.9K
$185.4K – $247.3K
NOI $14,835 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$315.2K
$275.8K – $367.7K
NOI $22,064 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Cleveland, OH
Properties on Market for Duplexes in Cleveland
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer separate utilities, central air, and two-bedroom layouts with full basement access.
Where is this duplex located?
The property is located at 11320 Florian Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $168,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,674 SF; Each unit includes 2 bedrooms, 1 bath, kitchen, living room, and dining room; Central air and separate utilities serve both units
