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    Updated Duplex Near University Title is generated by Realmo AI

    11600 Beulah Avenue, Cleveland, OH 44106

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    Pending
    $179,900

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,460 SF
    Lot size:
    0.13 Acres
    Added:
    May 18, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 11600 Beulah Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    2
    Rooms
    Basement, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 3, Laundry Room
    Parking features
    Driveway
    Appliances
    Disposal, Range, Refrigerator
    Standard status
    Pending
    APN
    120-04-035
    Size
    2,460 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    387 HICKS 0005 ALL
    Tax Annual Amount
    2342

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Gabriel Newberry

    Listing agent Gabriel Newberry License #2021006563

    Listing office Lokal Real Estate, LLC. 7043 Pearl Road Suite 250, Cleveland, OH

    Listing date May 18, 2026

    MLS# 5211262 Listing URL

    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.

    HighLights

    • Strong investment opportunity near Case Western Reserve University.
    • Two spacious 3‑bedroom units (approx. 1,230 sq ft each) with bonus rooms convertible to 4th bedrooms.
    • Significant recent updates including newer roof (2025), upgraded electrical (2025), refreshed kitchens, updated bathrooms, newer LVP flooring, and multiple window replacements.
    • One unit occupied by a long‑term Section 8 tenant with steady income and pending rent increase approval.
    • Well‑maintained mechanicals including a brand‑new furnace (2026) and central air conditioning for both units.
    • Active Lead Safe Certification through 2027 and successful Section 8 inspections.

    Overview

    Located near Case Western Reserve University, this colonial-style duplex presents a strong investment opportunity. The property features two 3-bedroom units, each approximately 1,230 square feet, with bonus rooms that can be converted into a 4th bedroom. Significant updates have been completed, including a newer roof (2025), upgraded electrical throughout (2025), refreshed kitchens, updated bathrooms, newer LVP flooring, and multiple window replacements to enhance natural light. Mechanicals are well-maintained, featuring a brand-new furnace installed in 2026, additional furnaces from 2014, hot water tanks from 2014 and 2021, and central air conditioning for both units. The property has an active Lead Safe Certification through 2027 and has passed all Section 8 inspections. One unit is occupied by a long-term Section 8 tenant, providing a steady income of $1763 per month with a requested rent bump increase pending approval for $2113 per month. The other unit is vacant and move-in ready, suitable for house hacking or renting for maximum cash flow. Situated on a 0.1322-acre lot, this turn-key duplex offers excellent cash flow potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.604138
    Latitude
    41.520725

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    FAQs

    What type of property is this?
    Duplex - Colonial duplex with updated units and strong income potential.
    Where is this duplex located?
    The property is located at 11600 Beulah Avenue Cleveland, OH.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Strong investment opportunity near Case Western Reserve University.; Two spacious 3‑bedroom units (approx. 1,230 sq ft each) with bonus rooms convertible to 4th bedrooms.; Significant recent updates including newer roof (2025), upgraded electrical (2025), refreshed kitchens, updated bathrooms, newer LVP flooring, and multiple window replacements.
    (215) 617-4713
    We can help!
    Listing Contact
    Gabriel Newberry
    Real Estate License ID: 2021006563
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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