Multifamily Property with Central
New
For Sale
$246,000
14104 Aspinwall Avenue, Cleveland, OH 44110
A full basement, forced-air heating, and a driveway provide key features for this Cleveland residential income property.
Property Size1,679 SF
Price / SF$146.52
Days on Market6
Property Features for 14104 Aspinwall Avenue
General Information
Standard status
Active
Size
1,679 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,876
Amenities
Central Air
Forced Air
Full
Driveway
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
EXP Realty
Listed By:
Noureddine Chehade · License #2021006808
(216) 856-1760
Source:
Evrealestate
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 12:44PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This multifamily property at 14104 Aspinwall Avenue in Cleveland was built in 1920 and measures 1,679 square feet. Interior features include central air, forced-air heating, and a full basement. A driveway serves the property.
The property is in Cuyahoga County, near the intersection of Aspinwall Avenue and E 141th Street.
The property is in Cuyahoga County, near the intersection of Aspinwall Avenue and E 141th Street.
Key Highlights
- 1,679‑square‑foot multifamily property
- Built in 1920
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,617
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,340
$372.3K
Cap Rate 7%
$265,957
$266.0K
Cap Rate 9%
$206,856
$206.9K
Market Conditions
NOI Build-Up for 1,679 SF
Gross rent
$35.3K $21.00/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$33.8K $20.16/SF
− OpEx
−$15.2K −$9.07/SF
NOI
$18.6K $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%
$372,340
Cap Rate 7%
$265,957
Cap Rate 9%
$206,856
Alternative Uses
Best Use
Apartment 5plus
$266.0K
$232.7K – $310.3K
NOI $18,617 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.7K
$358.5K – $478.0K
NOI $28,681 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - A full basement, forced-air heating, and a driveway provide key features for this Cleveland residential income property.
Where is this multifamily property located?
The property is located at 14104 Aspinwall Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: 1,679‑square‑foot multifamily property; Built in 1920; Central air and forced‑air heating
