Renovated Duplex in Cleveland's
1304 West 73rd Street Cleveland, OH 44102
1304 West 73rd Street, Cleveland, OH, 44102
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For Sale
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Fully renovated duplex with strong rental potential in Cleveland.
Property Size1,824 SF
Price / SF$243.42
Days on Market63
Property Features for 1304 West 73rd Street
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Haven Realty
Listed by
Michael Azzam · License #SAL.2014004734
Source
Crexi
Added: May 21 Updated: Jul 10 at 1:41PM Checked: Jul 21 at 10:36AM
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
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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $17.88 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $31.1k | $17.08 |
| − OpEx | −$9.3k | −$5.12 |
| NOI | $21.8k | $11.95 |
1,824 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.5K
$272.5K – $363.4K
NOI $21,802 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$288.9K
$252.8K – $337.1K
NOI $20,225 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$445.1K
$389.5K – $519.3K
NOI $31,158 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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 West 73rd Street Cleveland, OH.
What is the asking price?
The asking price for this property is $444,000.
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.
