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Triplex with Detached Garage
New
For Sale
$250,000

16727 Grovewood Avenue, Cleveland, OH 44110

The two upper one-bedroom apartments are currently rented; the ground-floor residence has three bedrooms.

Property SizeContact for details
Days on Market5

Property Features for 16727 Grovewood Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Site & Location

Neighborhood Northeast Shores
Highway Access Yes

Units

Unit Mix 2 x 1BR, 1 x 3BR
Multifamily Units 3

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,610

Amenities

sauna
washer/dryer hookups
Full
true
3
2
5
Back Yard
Public
0.1313
false
Assessor
Direct Access
Block
1

Building Details

Year Built 1960
Stories 2
Listing Agency:
Listed By: Patrick Lucey
Source: Karenullomrealty
Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:26PM

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 Patrick Lucey

Rey
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Investment Insights

Based on property information with market context.

This 1960 triplex has two one-bedroom apartments on the upper floor and a three-bedroom residence on the ground floor. The ground-floor space has been partly remodeled, with new windows, a built-in oven, and a refrigerator. The basement adds a full bathroom, a sauna enclosure, storage, and washer and dryer connections serving three units.

A detached garage provides three vehicle spaces, and the property has freeway access. The sale is offered in its current condition.

Key Highlights

  • Two upper‑level apartments, each with one bedroom, are currently rented
  • Ground‑floor residence has three bedrooms and partial remodeling
  • Recent additions include windows, a built‑in oven, and a refrigerator

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby

Demographics for 44110, OH

17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The two upper one-bedroom apartments are currently rented; the ground-floor residence has three bedrooms.
Where is this triplex located?
The property is located at 16727 Grovewood Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two upper‑level apartments, each with one bedroom, are currently rented; Ground‑floor residence has three bedrooms and partial remodeling; Recent additions include windows, a built‑in oven, and a refrigerator
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