Five-Unit Short-Term Rental
New
For Sale
$849,900
2424 W 10th Street, Cleveland, OH 44113
ResidentialIncome, Cleveland, OH
Property Size4,028 SF
Lot Size0.12 Acres
Price / SF$210
Days on Market5
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Property Features for 2424 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 3, Laundry Room, Bedroom 2, Bedroom 4, Bathroom 5, Bathroom 1
Parking features
On Street
Window features
Screens, Wood Frames
Pool private
1
Interior features
BreakfastBar, Bookcases, BuiltInFeatures, CeilingFans, EntranceFoyer, EatInKitchen, GraniteCounters, HisAndHersClosets, InLawFloorplan, KitchenIsland, PrimaryDownstairs, MultipleClosets, Storage, NaturalWoodwork, WalkInClosets
Exterior features
Balcony, Courtyard, Garden, Lighting, PrivateEntrance, PrivateYard
Fencing
Fenced
Appliances
Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer
Subdivision
Pelton & Jennings
Lot features
Back Yard, City Lot, Flat, Front Yard, Garden, Interior Lot, Landscaped, Level, Private, Near Public Transit
View
City, Park
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
S. off Kenilworth, 1 block east of Lincoln Park
Standard status
Active
APN
004-13-005
Size
4,028 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
87 P&J 0232 NP
Tax Annual Amount
11854
Legal Description
87 P&J 0232 NP
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
AluminumSiding, VinylSiding, WoodSiding
Roof type
Fiberglass, Asphalt
Additional Structures
Storage
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 467-7000
Listed By:
Charles M Burmeister · License #700402175
(216) 533-4618
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 15 at 1:06PM
MLS# 5249620
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.
Investment Insights
Based on property information with market context.
Two remodeled homes on a 0.1191-acre parcel contain five furnished short-term rental units, totaling 4,028 square feet. Built in 1920, the property includes a courtyard, garden, private yard, balcony, and private pool. Interior features include natural woodwork, built-in details, kitchen islands, and storage. The homes have central air conditioning and forced-air natural gas heat, along with public water and sewer service.
The property is on W 10th Street in Cleveland’s Tremont neighborhood. Lincoln Park is nearby, with restaurants, art galleries, and nightlife in the surrounding area; Tremont Montessori School is across the street. On-street parking is provided.
The property is on W 10th Street in Cleveland’s Tremont neighborhood. Lincoln Park is nearby, with restaurants, art galleries, and nightlife in the surrounding area; Tremont Montessori School is across the street. On-street parking is provided.
Key Highlights
- Two homes with five furnished short‑term rental units
- 4,028 square feet on a 0.1191‑acre parcel
- Built in 1920; remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,662
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,240
$893.2K
Cap Rate 7%
$638,029
$638.0K
Cap Rate 9%
$496,244
$496.2K
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$84.6K $21.00/SF
− Vacancy
−$3.4K −$0.84/SF
EGI
$81.2K $20.16/SF
− OpEx
−$36.5K −$9.07/SF
NOI
$44.7K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,240
Cap Rate 7%
$638,029
Cap Rate 9%
$496,244
Alternative Uses
Best Use
Apartment 5plus
$638.0K
$558.3K – $744.4K
NOI $44,662 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.0K
$860.1K – $1.15M
NOI $68,807 @ 7.0% cap · market cap 8.10%
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
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Two remodeled homes provide furnished rental accommodations, with a courtyard, garden, and private yard.
Where is this short term rental property located?
The property is located at 2424 W 10th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two homes with five furnished short‑term rental units; 4,028 square feet on a 0.1191‑acre parcel; Built in 1920; remodeled interiors
