Brick Triplex with Four-Car
For Sale
$474,900
14724 Clifton Boulevard, Lakewood, OH 44107
ResidentialIncome, Lakewood, OH
Property Size3,720 SF
Lot Size0.19 Acres
Price / SF$127.66
Days on Market49
Property Features for 14724 Clifton Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Basement
Parking features
Assigned, Garage, Open
Elementary school district
Lakewood CSD (Cuyahoga)- 1817
Middle school district
Lakewood CSD (Cuyahoga)- 1817
High school district
Lakewood CSD (Cuyahoga)- 1817
Directions
On Clifton near Warren & Clifton and 1 block south of Lakewood Park.
Standard status
Active
APN
312-15-028
Size
3,720 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7149
Utilities
Sewer type
Public Sewer
Heating system
Steam, Baseboard, Other (Heating), Natural Gas, Hot Water(Heating)
Cooling system
Wall Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
laundry area
dishwasher
three-season room
Building Details
Year built
1920
Floors in Building
3
Building materials
Brick, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
JAMM Real Estate Co.
(440) 838-1111
Listed By:
Michael L Anter · License #2013004435
(216) 409-2888
Added: Aug 28
Changed: Sep 30
Last Checked: Oct 15 at 8:06AM
MLS# 5238198
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.
Investment Insights
Based on property information with market context.
Built in 1920, this 3,720-square-foot triplex sits on 0.19 acres and includes brick and vinyl siding construction. The first- and second-floor residences are leased, while the third-floor loft is vacant and features a separate rear-hall entry, updated flooring, fresh paint, an open living area, full kitchen, large bedroom, and three-season room. The leased units include two bedrooms, formal dining rooms, high ceilings, built-ins, and bonus spaces.
Each residence has separately metered utilities and a designated laundry area in the basement, which also provides storage. Additional property features include replacement vinyl windows, updated electrical panels, dishwashers, a four-car garage with privacy walls between spaces, and off-street parking. The property is located near Lakewood Park, shopping, and dining in Lakewood, Ohio.
Each residence has separately metered utilities and a designated laundry area in the basement, which also provides storage. Additional property features include replacement vinyl windows, updated electrical panels, dishwashers, a four-car garage with privacy walls between spaces, and off-street parking. The property is located near Lakewood Park, shopping, and dining in Lakewood, Ohio.
Key Highlights
- 3,720‑square‑foot triplex on a 0.19‑acre lot
- Three units; first- and second‑floor units are leased, while the third‑floor loft is vacant
- Four‑car garage with separate privacy walls between 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.
How Realmo checks its estimates
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three units include separated utilities, individual laundry areas, and additional off-street parking.
Where is this triplex located?
The property is located at 14724 Clifton Boulevard 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: 3,720‑square‑foot triplex on a 0.19‑acre lot; Three units; first- and second‑floor units are leased, while the third‑floor loft is vacant; Four‑car garage with separate privacy walls between each garage space
