Updated Two-Unit
For Sale
$215,000
13521 West Ave, Cleveland, OH 44111
Turnkey duplex with spacious layouts, enclosed porches, basement laundry hookups, and rear off-street parking.
Property Size1,824 SF
Price / SF$117.87
Days on Market55
Property Features for 13521 West Ave
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
laundry hookups
off-street parking
Building Details
Year Built
1927
Listing Agency:
Keller Williams Citywide
Listed By:
H. Elyse Nedrow · License #2013002850
(440) 570-7979
Source:
Theacclaimedrealty
Added: Aug 22
Changed: Oct 14
Last Checked: Oct 7 at 12:53PM
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 Keller Williams Citywide
Investment Insights
Based on property information with market context.
Built in 1927, this Cleveland duplex contains two residential units with a combined 1,824 square feet. Each unit includes two bedrooms, a dining room, family room, kitchen, and enclosed porch, creating a consistent layout across both residences. Recent improvements include flooring, appliances, kitchen and bathroom updates, interior and exterior paint, a rebuilt chimney, upgraded gas lines, and select window replacements.
The property also features a full unfinished basement with separate laundry hookups, rear off-street parking, window units, and baseboard, forced-air, gas heating. Professional property management is already in place, and the property is located at 13521 West Avenue in Cleveland, Ohio 44111.
The property also features a full unfinished basement with separate laundry hookups, rear off-street parking, window units, and baseboard, forced-air, gas heating. Professional property management is already in place, and the property is located at 13521 West Avenue in Cleveland, Ohio 44111.
Key Highlights
- Two residential units, each with 2 bedrooms, dining room, family room, kitchen, and enclosed porch
- 1,824 square feet in a duplex built in 1927
- Updated flooring, appliances, kitchens, baths, paint, chimney, gas lines, and select windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,165
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,300
$323.3K
Cap Rate 7%
$230,929
$230.9K
Cap Rate 9%
$179,611
$179.6K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$31.3K $17.16/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$29.4K $16.11/SF
− OpEx
−$13.2K −$7.25/SF
NOI
$16.2K $8.86/SF
Area
ZIP 44111
Vacancy
6.10%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,300
Cap Rate 7%
$230,929
Cap Rate 9%
$179,611
Alternative Uses
Best Use
Multifamily LT 5
$290.6K
$254.3K – $339.0K
NOI $20,342 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$230.9K
$202.1K – $269.4K
NOI $16,165 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$343.4K
$300.5K – $400.7K
NOI $24,041 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with spacious layouts, enclosed porches, basement laundry hookups, and rear off-street parking.
Where is this duplex located?
The property is located at 13521 West Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms, dining room, family room, kitchen, and enclosed porch; 1,824 square feet in a duplex built in 1927; Updated flooring, appliances, kitchens, baths, paint, chimney, gas lines, and select windows
