Triplex With Four-Car
For Sale
$474,900
14724 Clifton Blvd, Lakewood, OH 44107
Three residential units include separate utilities, individual laundry areas, and a refreshed top-floor loft with its own entrance.
Property Size3,720 SF
Price / SF$127.66
Days on Market52
Property Features for 14724 Clifton Blvd
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
dishwashers
laundry area
built-ins
three-season room
vinyl replacement windows
Building Details
Year Built
1920
Listing Agency:
JAMM Real Estate Co.
Listed By:
Michael L Anter michaelanter22@gmail.com, 216-409-2888 · License #2013004435
(216) 409-2888
Source:
Starksummithomesforsale
Added: Aug 27
Changed: Oct 1
Last Checked: Oct 16 at 9:32AM
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 JAMM Real Estate Co.
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Investment Insights
Based on property information with market context.
Located at 14724 Clifton Boulevard in Lakewood, this 1920 multifamily property contains 3,720 square feet across three residential units. The first- and second-floor apartments are leased and include two bedrooms, formal dining rooms, high ceilings, built-in features, and bonus areas. The vacant third-floor loft has a separate rear-hall entry, updated flooring, fresh paint, an open living area, a large bedroom, a full kitchen, and a window-lined three-season room.
Each unit has separated utilities and a dedicated laundry area in the basement, which also provides storage. The property includes vinyl replacement windows, updated electrical panels, and dishwashers in all units. A four-car garage has privacy walls dividing the spaces, with additional off-street parking. Lakewood Park, shopping, and dining are nearby.
Each unit has separated utilities and a dedicated laundry area in the basement, which also provides storage. The property includes vinyl replacement windows, updated electrical panels, and dishwashers in all units. A four-car garage has privacy walls dividing the spaces, with additional off-street parking. Lakewood Park, shopping, and dining are nearby.
Key Highlights
- Three residential units totaling 3,720 square feet
- First- and second‑floor units are leased; third‑floor loft is vacant
- Four‑car garage with privacy walls separating each garage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,443
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,860
$788.9K
Cap Rate 7%
$563,471
$563.5K
Cap Rate 9%
$438,256
$438.3K
Market Conditions
NOI Build-Up for 3,720 SF
Gross rent
$60.3K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$56.3K $15.15/SF
− OpEx
−$16.9K −$4.54/SF
NOI
$39.4K $10.60/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,860
Cap Rate 7%
$563,471
Cap Rate 9%
$438,256
Alternative Uses
Best Use
Multifamily LT 5
$563.5K
$493.0K – $657.4K
NOI $39,443 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$525.3K
$459.7K – $612.9K
NOI $36,773 @ 7.0% cap · market cap 7.74%
Theoretical Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,644 @ 7.0% cap · market cap 43.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 44107, OH
51,109
Population
29,101
Households
1.8
Avg Household Size
36
Median Age
54%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
9,465
Density / Sq Mi
$65,778
Median Household Income
$49,285
Median Earnings
$1,011
Median Rent
$241,400
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 include separate utilities, individual laundry areas, and a refreshed top-floor loft with its own entrance.
Where is this triplex located?
The property is located at 14724 Clifton Blvd Lakewood, OH.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Three residential units totaling 3,720 square feet; First- and second‑floor units are leased; third‑floor loft is vacant; Four‑car garage with privacy walls separating each garage space
