All-Brick
For Sale
$299,900
14208 Triskett Road, Cleveland, OH 44111
Two-level residential income property with a walk-out lower level and possible studio configuration.
Property Size2,808 SF
Days on Market53
Property Features for 14208 Triskett Road
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
some TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,338
Building Details
Building Size
2,808 SF
Year Built
1952
Buildings
1
Construction
all brick
Listing Agency:
RE/MAX Crossroads Properties
(440) 879-4654
Listed By:
David J Fox · License #403138
(440) 879-4654
Source:
Carolgoffrealestate
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 29 at 10:20AM
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 RE/MAX Crossroads Properties
Investment Insights
Based on property information with market context.
This duplex offers all-brick construction and a two-level layout suited to residential income use. Built in 1952, the property includes a lower level with walk-out access and the possibility of creating a studio apartment within that area.
Located at 14208 Triskett Road in Cleveland, Ohio, the property provides a defined residential configuration with additional lower-level flexibility. Existing unit arrangements and the walk-out feature give the building a practical foundation for continued rental use and future layout improvements.
Located at 14208 Triskett Road in Cleveland, Ohio, the property provides a defined residential configuration with additional lower-level flexibility. Existing unit arrangements and the walk-out feature give the building a practical foundation for continued rental use and future layout improvements.
Key Highlights
- Duplex with all‑brick construction
- Built in 1952
- Lower level includes walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,885
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,700
$497.7K
Cap Rate 7%
$355,500
$355.5K
Cap Rate 9%
$276,500
$276.5K
Market Conditions
NOI Build-Up for 2,808 SF
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.
Gross rent
$48.2K $17.16/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$45.2K $16.11/SF
− OpEx
−$20.4K −$7.25/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,700
Cap Rate 7%
$355,500
Cap Rate 9%
$276,500
Alternative Uses
Best Use
Multifamily LT 5
$447.4K
$391.5K – $522.0K
NOI $31,317 @ 7.0% cap · market cap 10.44%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.8K
NOI $24,885 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$528.7K
$462.6K – $616.8K
NOI $37,010 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with a walk-out lower level and possible studio configuration.
Where is this duplex located?
The property is located at 14208 Triskett Road Cleveland, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex with all‑brick construction; Built in 1952; Lower level includes walk‑out access
