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Renovated Triplex With Separate Meters
For Sale
$169,500

10117 Somerset Ave, Cleveland, OH 44108

Three-family property with updated mechanical systems and separately metered utilities.

Property Size4,096 SF
Price / SF$41.38
Days on Market14

Property Features for 10117 Somerset Ave

General Information

Standard status Active
Size 4,096 SF
Property subtype Multi-Family

Units

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

Building Details

Year Built 1911
Buildings 1
Tenancy Single
Listing Agency: Coldwell Banker Schmidt Realty
Listed By: Christopher A Frederick, Adrian Frederick · License #2022005290
Source: Theacclaimedrealty
Added: Aug 17 Changed: Aug 28 Last Checked: Aug 29 at 12:18PM

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 Coldwell Banker Schmidt Realty

Investment Insights

Based on property information with market context.

The 4,096-square-foot triplex at 10117 Somerset Ave includes three residential units, each configured with 2 bedrooms and 1 full bath. Recent work includes updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Separate metering supports individual utility responsibility for each unit.

The third-floor apartment is occupied by a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready. The property is approximately a 2-minute drive or 5-minute walk from major college and medical campuses in the University Circle/Wade Park area of Cleveland. The building was constructed in 1911.

Key Highlights

  • Three‑unit multifamily property with 4,096 SF of total building area
  • Each apartment includes 2 bedrooms and 1 full bath
  • First- and second‑floor units are vacant and rent‑ready

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

3
Residential units
Single-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

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?
Triplex - Three-family property with updated mechanical systems and separately metered utilities.
Where is this triplex located?
The property is located at 10117 Somerset Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Three‑unit multifamily property with 4,096 SF of total building area; Each apartment includes 2 bedrooms and 1 full bath; First- and second‑floor units are vacant and rent‑ready
More about this property
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