2313 Grandview Avenue Cleveland Heights, OH 44106
2313 Grandview Avenue, Cleveland Heights, OH, 44106
$379,900
For Sale
$379,900
Other - Cleveland Heights, OH
Property Size3,120 SF
Lot Size0.13 Acres
Price / SF$121.76
Days on Market26
Property Features for 2313 Grandview Avenue
General Information
- Property type
- Other
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 685-27-059
- Size
- 3,120 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Ceiling Fan(s), Central Air, Multi Units, Window Unit(s)
Building Details
- Year built
- 1920
- Roof type
- Asphalt, Fiberglass
- Architectural style
- Other
Listing Agency
Engel & Völkers Cleveland
(440) 568-0400
30659 Pinetree Road, Pepper Pike, OH
Listed by
Val Ivanchenko
(330) 692-1652
Added: Jun 24 Checked: Jul 19 at 1:06 am
MLS# 5219357
Listing URL
Copyright © 2026 Engel & Völkers. 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.
Key Highlights
- 3‑unit income property with potential rental income of approximately $3,625/month
- First and second‑floor units are leased with identical 2BR layouts plus full bath, living and dining rooms, and updated kitchen with granite countertops
- In‑unit laundry in the 1st and 2nd‑floor units; one unit includes a Viking range
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 | $50.5k | $16.20 |
| − Vacancy | −$3.3k | −$1.05 |
| EGI | $47.3k | $15.15 |
| − OpEx | −$14.2k | −$4.54 |
| NOI | $33.1k | $10.60 |
3,120 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.5K – $551.4K
NOI $33,081 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$440.6K
$385.5K – $514.0K
NOI $30,842 @ 7.0% cap · market cap 8.12%
Theoretical Best
Warehouse
$2.50M
$2.19M – $2.92M
NOI $174,992 @ 7.0% cap · market cap 46.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
Where is this triplex located?
The property is located at 2313 Grandview Avenue Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 3‑unit income property with potential rental income of approximately $3,625/month; First and second‑floor units are leased with identical 2BR layouts plus full bath, living and dining rooms, and updated kitchen with granite countertops; In‑unit laundry in the 1st and 2nd‑floor units; one unit includes a Viking range
