Updated Duplex with Two-Car
1364 W 58th Street Cleveland, OH 44102
New
For Sale
$379,000
MULTI_FAMILY - Cleveland, OH
Property Size2,062 SF
Lot Size0.07 Acres
Price / SF$183.80
Days on Market4
Property Features for 1364 W 58th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Laundry Room, Bathroom 1, Basement, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 4
- Parking features
- Garage, On Street
- Interior features
- CeilingFans
- Appliances
- Dryer, Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 002-12-040
- Size
- 2,062 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6087
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing Agency:
Keller Williams Greater Cleveland Northeast
(440) 255-5500
Listed By:
Anthony Alimo · License #2022001403
(440) 850-1044
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 25 at 1:06PM
MLS# 5229504
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.
Investment Insights
Based on property information with market context.
This updated duplex is offered for sale as a fully occupied residential income property. Both units include in-unit washers and dryers, with remodeled kitchens featuring stainless steel appliances updated in 2023. Additional improvements include new A/C units installed in 2023, hot water tanks replaced in 2024, and fresh interior painting completed for both units in 2025, along with an updated bathroom in the lower unit. The property also features a detached 2-car garage for tenant storage and a large unfinished attic that may support future expansion.
Located at 1364 W 58th Street in Cleveland, the duplex is positioned near the heart of Detroit Shoreway and Gordon Square, with access to neighborhood dining and the lakefront bike trail, as well as proximity to downtown Cleveland.
The property comprises a duplex layout designed to support two separate, fully occupied units, with the garage and attic offering additional on-site utility beyond the living space.
Located at 1364 W 58th Street in Cleveland, the duplex is positioned near the heart of Detroit Shoreway and Gordon Square, with access to neighborhood dining and the lakefront bike trail, as well as proximity to downtown Cleveland.
The property comprises a duplex layout designed to support two separate, fully occupied units, with the garage and attic offering additional on-site utility beyond the living space.
Key Highlights
- Duplex is fully occupied and generating rental income
- Capital improvements include new A/C units in 2023
- Hot water tanks replaced in 2024
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 | $36.9k | $17.88 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $35.2k | $17.08 |
| − OpEx | −$10.6k | −$5.12 |
| NOI | $24.6k | $11.95 |
2,062 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.1K
$308.1K – $410.8K
NOI $24,647 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$326.6K
$285.8K – $381.1K
NOI $22,863 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$503.2K
$440.3K – $587.1K
NOI $35,224 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex featuring recent mechanical and kitchen updates, plus in-unit laundry and a detached 2-car garage.
Where is this duplex located?
The property is located at 1364 W 58th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Duplex is fully occupied and generating rental income; Capital improvements include new A/C units in 2023; Hot water tanks replaced in 2024
