Brick
For Sale
$279,900
14208 Triskett Road, Cleveland, OH 44111
Two apartments are arranged on separate levels, with a walkout lower level.
Property Size2,808 SF
Price / SF$99.68
Days on Market110
Property Features for 14208 Triskett Road
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
with some TLC
Site & Location
Neighborhood
Westpark
Additional Details
Multifamily Units
2
Tenant in Place
Yes
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
Listed By:
David J Fox · License #403138
(440) 879-4654
Source:
Lifestagesrealty
Added: Jul 10
Changed: Oct 26
Last Checked: Oct 26 at 3:13PM
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
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Investment Insights
Based on property information with market context.
This 2,808-square-foot brick duplex was built in 1952 and contains an upper apartment and a lower apartment. The lower level has a walkout, and the property is configured as an up-and-down double.
Key Highlights
- 2,808‑square‑foot duplex
- All‑brick construction
- Upper- and lower‑level apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,885
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
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
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 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 11.19%
Second Best
Apartment 5plus
$355.5K
$311.1K – $414.8K
NOI $24,885 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$528.7K
$462.6K – $616.8K
NOI $37,010 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are arranged on separate levels, with a walkout lower level.
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 $279,900.
What are key features of this property?
This property features: 2,808‑square‑foot duplex; All‑brick construction; Upper- and lower‑level apartments
