Updated Triplex with
For Sale
$349,900
1429 W 107th St, Cleveland, OH 44106
Three residential units offer varied layouts, refreshed interiors, and a mix of vacant and occupied space.
Property Size2,770 SF
Price / SF$126.32
Days on Market95
Property Features for 1429 W 107th St
General Information
Standard status
Active
Size
2,770 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Cudell
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,941
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Joe Vaccaro
(216) 731-9500
Source:
Exprealty
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 24 at 8:23PM
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, LLC.
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Investment Insights
Based on property information with market context.
This 2,770-square-foot triplex contains three separate residential units with complementary layouts. The first floor includes a living room, dining room, kitchen, one bedroom, one full bathroom, and porch access. The second floor adds three bedrooms alongside its living and dining areas, kitchen, full bathroom, and porch. The top-floor unit provides a living room, kitchen, one bedroom, one full bathroom, and a porch. All three kitchens have been updated, while interior improvements include luxury vinyl plank flooring, refinished hardwood floors, new appliances, and fresh paint completed in 2025/2026.
Two units are vacant and one is occupied, providing both immediate occupancy flexibility and an existing rental arrangement. The property is located in Cleveland’s Detroit Shoreway neighborhood, with Gordon Square Arts District, Edgewater Park, Ohio City, Downtown Cleveland, and local restaurants, breweries, and entertainment nearby.
Two units are vacant and one is occupied, providing both immediate occupancy flexibility and an existing rental arrangement. The property is located in Cleveland’s Detroit Shoreway neighborhood, with Gordon Square Arts District, Edgewater Park, Ohio City, Downtown Cleveland, and local restaurants, breweries, and entertainment nearby.
Key Highlights
- Three‑unit residential property totaling 2,770 square feet
- Unit mix includes one‑bedroom, three‑bedroom, and one‑bedroom layouts
- Two units are vacant; one unit is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,714
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,280
$614.3K
Cap Rate 7%
$438,771
$438.8K
Cap Rate 9%
$341,267
$341.3K
Market Conditions
NOI Build-Up for 2,770 SF
Gross rent
$58.2K $21.00/SF
− Vacancy
−$2.3K −$0.84/SF
EGI
$55.8K $20.16/SF
− OpEx
−$25.1K −$9.07/SF
NOI
$30.7K $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%
$614,280
Cap Rate 7%
$438,771
Cap Rate 9%
$341,267
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.8K
NOI $33,109 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$438.8K
$383.9K – $511.9K
NOI $30,714 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,318 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, refreshed interiors, and a mix of vacant and occupied space.
Where is this triplex located?
The property is located at 1429 W 107th St Cleveland, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three‑unit residential property totaling 2,770 square feet; Unit mix includes one‑bedroom, three‑bedroom, and one‑bedroom layouts; Two units are vacant; one unit is occupied
