New
For Sale
$649,000
2117 Fairview Avenue, Cleveland, OH 44106
ResidentialIncome, Cleveland, OH
Property Size1,948 SF
Lot Size0.26 Acres
Price / SF$333.16
Days on Market5
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Property Features for 2117 Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Basement, Bedroom 6, Bathroom 2, Bedroom 5
Parking features
Garage
Exterior features
Courtyard, PrivateYard
Subdivision
Walton Brothers
Lot features
Back Yard, Corner Lot, Irregular Lot, Private, Many Trees, Sloped, Wooded
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Murray Hill Rd to Fairview Ave.
Standard status
Active
APN
121-04-048
Size
1,948 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
405 WALTON ALL BUT 56X118 SWP 0032
Tax Annual Amount
15615
Legal Description
405 WALTON ALL BUT 56X118 SWP 0032
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick, Block
Roof type
Asphalt
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Marty Emerman · License #2002012018
(216) 533-7658
Added: Oct 11
Last Checked: Oct 15 at 6:06PM
MLS# 5250673
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,284
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,680
$465.7K
Cap Rate 7%
$332,629
$332.6K
Cap Rate 9%
$258,711
$258.7K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$34.8K $17.88/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$33.3K $17.08/SF
− OpEx
−$10.0K −$5.12/SF
NOI
$23.3K $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%
$465,680
Cap Rate 7%
$332,629
Cap Rate 9%
$258,711
Alternative Uses
Best Use
Multifamily LT 5
$332.6K
$291.1K – $388.1K
NOI $23,284 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$308.6K
$270.0K – $360.0K
NOI $21,599 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$475.4K
$416.0K – $554.6K
NOI $33,276 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,784
Businesses Nearby
Explore this area
Business Placement
Demographics for 44106, OH
26,608
Population
13,287
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
6,188
Density / Sq Mi
$42,869
Median Household Income
$27,056
Median Earnings
$1,024
Median Rent
$241,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
Where is this duplex located?
The property is located at 2117 Fairview Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $649,000.
