1949 Coltman Road, Cleveland, OH 44106
MULTI_FAMILY - Cleveland, OH
- Added:
- Apr 29, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 17 at 8:06 am
Property Features for 1949 Coltman Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Laundry Room, Basement, Bedroom 8, Bedroom 5, Bedroom 1
- Parking features
- On Street
- Standard status
- Active Under Contract
- APN
- 120-30-047
- Size
- 3,170 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12850
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Fiberglass, Asphalt
Listing agent Marcus Ezzone License #2020007163 (440) 577-6590
Listing office McDowell Homes Real Estate Services 7230 Mentor Avenue, Mentor, OH (440) 205-2000
Listing date Apr 29, 2026
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.
HighLights
- Fully occupied brick quadruplex in the heart of Little Italy
- Current rent totals $3,830/month with potential to increase up to market value
- Professional local property management already in place
- Year built 1900 with forced‑air heating
- Public water and public sewer connected
- On‑street parking; roof includes asphalt and fiberglass
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $17.88 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $54.1k | $17.08 |
| − OpEx | −$16.2k | −$5.12 |
| NOI | $37.9k | $11.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.598206
- Latitude
- 41.510065
