Renovated Duplex with Central
1334 W 104th St, Cleveland, OH 44102
For Sale
$360,000
Two separate residences feature updated kitchens and baths, hardwood flooring, and individual furnaces and central air systems.
Property Size2,804 SF
Price / SF$128.39
Days on Market8
Property Features for 1334 W 104th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Key Realty
Listed By:
Joshua Janus · License OH #2021008169
(216) 284-6736
Source:
Northeastohiolistings
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 11:48AM
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 Key Realty
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Investment Insights
Based on property information with market context.
This 2,804-square-foot duplex, built in 1900, has a two-bedroom, one-bathroom residence on the first floor and a three-bedroom, 1.5-bathroom residence spanning the second and third floors. The upper residence may be divided by floor to create a third unit. Both homes include living and dining rooms, hardwood floors, wood trim, and built-in cabinetry. Updated kitchens have new cabinets, granite countertops, tile floors, and modern lighting; renovated bathrooms include tiled showers, updated vanities, and new fixtures. Each residence has its own furnace and central air conditioning system.
The property is at 1334 W 104th St in Cleveland’s Edgewater neighborhood, minutes from Edgewater Park, Lake Erie, Gordon Square, dining, shopping, and downtown Cleveland.
The property is at 1334 W 104th St in Cleveland’s Edgewater neighborhood, minutes from Edgewater Park, Lake Erie, Gordon Square, dining, shopping, and downtown Cleveland.
Key Highlights
- 2,804‑square‑foot duplex built in 1900
- First‑floor residence has 2 bedrooms and 1 bathroom; upper residence has 3 bedrooms and 1.5 bathrooms
- Upper residence spans the second and third floors and may be divided to create a third unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,091
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,820
$621.8K
Cap Rate 7%
$444,157
$444.2K
Cap Rate 9%
$345,456
$345.5K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$58.9K $21.00/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$56.5K $20.16/SF
− OpEx
−$25.4K −$9.07/SF
NOI
$31.1K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,820
Cap Rate 7%
$444,157
Cap Rate 9%
$345,456
Alternative Uses
Best Use
Multifamily LT 5
$478.8K
$419.0K – $558.6K
NOI $33,516 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$444.2K
$388.6K – $518.2K
NOI $31,091 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$684.3K
$598.7K – $798.3K
NOI $47,899 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
592
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
$99,300
Median Home Value
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Market
Average Price Trend$/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 - Two separate residences feature updated kitchens and baths, hardwood flooring, and individual furnaces and central air systems.
Where is this duplex located?
The property is located at 1334 W 104th St Cleveland, OH.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,804‑square‑foot duplex built in 1900; First‑floor residence has 2 bedrooms and 1 bathroom; upper residence has 3 bedrooms and 1.5 bathrooms; Upper residence spans the second and third floors and may be divided to create a third unit
