Four-Unit Brick
For Sale
$246,000
14104 Aspinwall Avenue, Cleveland, OH 44110
ResidentialIncome, Cleveland, OH
Property Size1,679 SF
Lot Size0.11 Acres
Price / SF$146.52
Days on Market46
Property Features for 14104 Aspinwall Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 8
Parking features
Driveway
Subdivision
Harrist E Taylors Allotment
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Aspinwall Avenue & E 141th Street
Standard status
Active
APN
115-01-006
Size
1,679 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
1 ASPINWAL S/L 6 EP 0005 WP
Tax Annual Amount
2876
Legal Description
1 ASPINWAL S/L 6 EP 0005 WP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
Brick
Roof type
Flat
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Noureddine Chehade · License #2021006808
(216) 856-1760
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 2 at 2:06PM
MLS# 5243587
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.
Located at 14104 Aspinwall Avenue in Cleveland, this four-unit residential property provides a total of 1,679 square feet across units configured with two bedrooms and one full bathroom each. The brick building was constructed in 1920 and includes hardwood flooring, forced-air heating, central air, a flat roof, and a driveway. Public water and public sewer serve the property.
One unit is currently occupied, while the other three units are available for lease-up. The property has received approximately $45,000 in improvements, including a newer roof installed approximately one year ago. Regular paint updates have been completed during tenant turnovers, and the building includes a basement. The 0.1065-acre parcel is located in Cleveland, Ohio 44110.
One unit is currently occupied, while the other three units are available for lease-up. The property has received approximately $45,000 in improvements, including a newer roof installed approximately one year ago. Regular paint updates have been completed during tenant turnovers, and the building includes a basement. The 0.1065-acre parcel is located in Cleveland, Ohio 44110.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bath
- 1,679 square feet on a 0.1065‑acre parcel
- One unit occupied; three units available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,069
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,380
$401.4K
Cap Rate 7%
$286,700
$286.7K
Cap Rate 9%
$222,989
$223.0K
Market Conditions
NOI Build-Up for 1,679 SF
Gross rent
$30.0K $17.88/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$28.7K $17.08/SF
− OpEx
−$8.6K −$5.12/SF
NOI
$20.1K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,380
Cap Rate 7%
$286,700
Cap Rate 9%
$222,989
Alternative Uses
Best Use
Multifamily LT 5
$286.7K
$250.9K – $334.5K
NOI $20,069 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$266.0K
$232.7K – $310.3K
NOI $18,617 @ 7.0% cap · market cap 7.57%
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
363
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two-bedroom, one-bath layouts with hardwood floors and central air.
Where is this quadplex 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: Four units, each with 2 bedrooms and 1 full bath; 1,679 square feet on a 0.1065‑acre parcel; One unit occupied; three units available for lease‑up
