2-Unit Duplex with Finished Third
13416 Ashburton Avenue, Cleveland, OH 44110
For Sale
Contact for pricing
ResidentialIncome, Cleveland, OH
Property Size2,324 SF
Lot Size0.10 Acres
Price / SF$12.26
Days on Market48
Property Features for 13416 Ashburton Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
front porch
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Lokal Real Estate, LLC.
(216) 252-6580
Listed By:
Roman B Tarnawsky · License OH #2006006316
(440) 465-6590
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 10 at 4:06AM
MLS# 5248060
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.
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Investment Insights
Based on property information with market context.
Built in 1916, this 2,324-square-foot duplex has a two-family layout and a finished third floor above the upper unit. The home contains five bedrooms and three bathrooms, with porches at both levels and driveway parking. Significant water damage is present, and the property is being sold as-is.
The 0.0964-acre parcel is served by public water and public sewer.
The 0.0964-acre parcel is served by public water and public sewer.
Key Highlights
- Two‑family duplex with 2,324 square feet of building area
- Finished third floor located above the upper unit
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,769
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,380
$515.4K
Cap Rate 7%
$368,129
$368.1K
Cap Rate 9%
$286,322
$286.3K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$48.8K $21.00/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$46.9K $20.16/SF
− OpEx
−$21.1K −$9.07/SF
NOI
$25.8K $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%
$515,380
Cap Rate 7%
$368,129
Cap Rate 9%
$286,322
Alternative Uses
Best Use
Multifamily LT 5
$396.8K
$347.2K – $463.0K
NOI $27,778 @ 7.0% cap
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,769 @ 7.0% cap
Theoretical Best
Office A
$567.1K
$496.2K – $661.7K
NOI $39,699 @ 7.0% cap
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
333
Businesses Nearby
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Business Placement
Demographics for 44110, OH
17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value
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Market
Average Price Trend$/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 - The property includes porches on both levels and is offered in as-is condition with significant water damage.
Where is this duplex located?
The property is located at 13416 Ashburton Avenue Cleveland, OH.
What are key features of this property?
This property features: Two‑family duplex with 2,324 square feet of building area; Finished third floor located above the upper unit; Five bedrooms and three bathrooms
