Renovated Duplex in Cleveland's
For Sale
$399,000
1304 W 73rd St, Cleveland, OH 44102
Fully renovated duplex with strong rental potential in Cleveland.
Property Size1,824 SF
Price / SF$218.75
Days on Market151
Property Features for 1304 W 73rd St
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Detroit-Shoreway
Building Details
Year Built
1920
Listing Agency:
RE/MAX Haven Realty
Listed By:
Michael Azzam · License #2014004734
(440) 503-9609
Source:
Theacclaimedrealty
Added: May 27
Changed: Oct 16
Last Checked: Oct 7 at 5:32PM
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 RE/MAX Haven Realty
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Investment Insights
Based on property information with market context.
This fully renovated duplex features modern updates and strong rental potential in a desirable west side Cleveland location. Each unit includes 3 beds and 1 bath, with new vanities, tub surrounds, fixtures, toilets, and LVP flooring. The property features new vinyl windows, new entry doors, updated light fixtures, and new LVP flooring throughout. Updated kitchens include recessed lighting, new cabinets, laminate countertops, and durable flooring. Mechanical improvements include updated PVC plumbing main stack with PEX drain lines, updated 100 AMP electrical panels, newer furnaces, younger water heaters (2023 & 2025), separately metered gas/electric, glass block basement windows, and washer/dryer hookups. The exterior features recently painted aluminum siding, a newer roof, updated exterior meter bases, and a detached 1-car garage. Located in a sought-after west side neighborhood, the property is a short walk from Edgewater Park & Beach, offering access to lakefront trails, beaches, yacht clubs, and the Cleveland Lakefront Bikeway. Nearby attractions include the West Clinton Labyrinth and Franklin Reading Garden. The vibrant Gordon Square Arts District, with restaurants, entertainment, breweries, coffee shops, and nightlife, is just blocks away. The area is surrounded by continued luxury development near Battery Park and sees strong growth and increasing property values. Direct access to Route 2 places Downtown Cleveland minutes away. Full-service property management is available, including leasing, marketing, tenant communication, rehab, and construction services.
Key Highlights
- Prime West Side Cleveland location, walking distance to Edgewater Park & Beach.
- Fully renovated duplex with modern updates throughout, including new kitchens and bathrooms.
- Strong rental potential in a high‑demand area with increasing property values.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,802
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,040
$436.0K
Cap Rate 7%
$311,457
$311.5K
Cap Rate 9%
$242,244
$242.2K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$32.6K $17.88/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$31.1K $17.08/SF
− OpEx
−$9.3K −$5.12/SF
NOI
$21.8K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,040
Cap Rate 7%
$311,457
Cap Rate 9%
$242,244
Alternative Uses
Best Use
Multifamily LT 5
$311.5K
$272.5K – $363.4K
NOI $21,802 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$288.9K
$252.8K – $337.1K
NOI $20,225 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$445.1K
$389.5K – $519.3K
NOI $31,158 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with strong rental potential in Cleveland.
Where is this duplex located?
The property is located at 1304 W 73rd St Cleveland, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime West Side Cleveland location, walking distance to Edgewater Park & Beach.; Fully renovated duplex with **modern updates throughout, including new kitchens and bathrooms.**; Strong rental potential in a high‑demand area with increasing property values.
