Duplex with In-Unit
For Sale
$375,000
1858 W 45th Street, Cleveland, OH 44102
Each residence has its own washer and dryer on the first floor.
Property Size2,216 SF
Price / SF$169.22
Days on Market65
Property Features for 1858 W 45th Street
General Information
Standard status
Active
Size
2,216 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Detroit-Shoreway
Additional Details
Furnished
Yes
Gross Income
$44,400
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,881
Amenities
in-unit washer/dryer
garage
basement
Building Details
Building Size
2,216 SF
Year Built
1900
Buildings
1
Listing Agency:
Chosen Real Estate Group
Listed By:
Nicholas J Huscroft · License #2022001015
(330) 249-3499
Source:
Lifestagesrealty
Added: Aug 24
Changed: Oct 26
Last Checked: Oct 26 at 2:16PM
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 Chosen Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,216-square-foot duplex has two residences, each with a first-floor washer and dryer. Updates include a shower, a dishwasher in the first-floor kitchen, air-conditioning units in both residences, and a refrigerator upstairs. A basement provides additional storage or workshop space. Furniture and electronics remain, including a regulation-size pool table on the first floor.
The property has a two-car garage and driveway. Both residences are occupied, with leases running through March 2027 and July 2027. The Cleveland property is in Ohio City, near the West Side Market, breweries, and restaurants.
The property has a two-car garage and driveway. Both residences are occupied, with leases running through March 2027 and July 2027. The Cleveland property is in Ohio City, near the West Side Market, breweries, and restaurants.
Key Highlights
- Two‑unit duplex with 2,216 square feet; built in 1900
- Separate first‑floor washer and dryer in each residence
- Two‑car garage and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,487
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,740
$529.7K
Cap Rate 7%
$378,386
$378.4K
Cap Rate 9%
$294,300
$294.3K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$39.6K $17.88/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$37.8K $17.08/SF
− OpEx
−$11.4K −$5.12/SF
NOI
$26.5K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,740
Cap Rate 7%
$378,386
Cap Rate 9%
$294,300
Alternative Uses
Best Use
Multifamily LT 5
$378.4K
$331.1K – $441.5K
NOI $26,487 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,571 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$540.8K
$473.2K – $630.9K
NOI $37,854 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
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Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
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 - Each residence has its own washer and dryer on the first floor.
Where is this duplex located?
The property is located at 1858 W 45th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,216 square feet; built in 1900; Separate first‑floor washer and dryer in each residence; Two‑car garage and driveway
