Three-Property Duplex
New
For Sale
$1,200,000
Pending
2468 2472 & 2484 W 10th Street, Cleveland, OH 44113
ResidentialIncome, Cleveland, OH
Property Size7,642 SF
Lot Size0.15 Acres
Days on Market5
Property Features for 2468 2472 & 2484 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
22
Bathrooms
15
Full bathrooms
14
Half bathrooms
1
Rooms
Bedroom 22, Bedroom 1, Bathroom 2, Bathroom 11, Bathroom 14, Bathroom 15, Bedroom 17, Bedroom 10, Bedroom 12, Bedroom 8, Bedroom 13, Bedroom 15, Bathroom 1, Basement, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 11, Bedroom 14, Bathroom 6, Bedroom 18, Bathroom 8, Bathroom 9, Bathroom 4, Bedroom 6, Bedroom 20, Bedroom 9, Bathroom 12, Bathroom 3, Bedroom 19, Bathroom 13, Bathroom 5, Bedroom 2, Bedroom 21, Bedroom 16, Bedroom 5, Bathroom 7, Bathroom 10
Parking features
Parking Lot, Off Street
Subdivision
Jennings Allotment/University
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Between Starkweather & Kenilworth, 1 block from Lincoln Park, 2 blocks from Professor Ave.
Standard status
Pending
APN
004-13-012
Size
7,642 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
87 P&J S/L 95 SEC 0235 SP
Tax Annual Amount
25905
Legal Description
87 P&J S/L 95 SEC 0235 SP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
central air conditioning
off-street parking
window air conditioning
Building Details
Year built
1928
Floors in Building
3
Building materials
Frame
Roof type
Slate
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Colleen Miklus · License #2004017346
(440) 479-8766
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 3:06AM
MLS# 5242984
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.
This offering combines three income-producing residential properties on W 10th Street in Cleveland’s Tremont neighborhood. The package includes duplex configurations with multiple rental units, off-street and street parking, and in-unit laundry. Individual property features include bedroom and bath layouts, forced-air heating, asphalt or slate roofing, and a mix of central and window air-conditioning systems; roof and cooling details should be verified during due diligence.
The properties sit near Tremont restaurants, entertainment, shopping, and major Cleveland destinations. The buildings date to 1928, use frame construction, and are served by public water and public sewer. The combined property size is 7,642 square feet on 0.1455 acres. Buyer to verify unit configurations, zoning, taxes, permits, rental information, and other property details.
The properties sit near Tremont restaurants, entertainment, shopping, and major Cleveland destinations. The buildings date to 1928, use frame construction, and are served by public water and public sewer. The combined property size is 7,642 square feet on 0.1455 acres. Buyer to verify unit configurations, zoning, taxes, permits, rental information, and other property details.
Key Highlights
- Three income‑producing duplex properties offered together
- 7,642 square feet of combined property size
- 0.1455‑acre combined lot area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,860
$1.8M
Cap Rate 7%
$1,304,900
$1.3M
Cap Rate 9%
$1,014,922
$1.0M
Market Conditions
NOI Build-Up for 7,642 SF
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.
Gross rent
$136.6K $17.88/SF
− Vacancy
−$6.1K −$0.80/SF
EGI
$130.5K $17.08/SF
− OpEx
−$39.1K −$5.12/SF
NOI
$91.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,860
Cap Rate 7%
$1,304,900
Cap Rate 9%
$1,014,922
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,343 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,734 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,542 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential package with off-street parking, in-unit laundry, and public water and sewer service.
Where is this duplex located?
The property is located at 2468 2472 & 2484 W 10th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three income‑producing duplex properties offered together; 7,642 square feet of combined property size; 0.1455‑acre combined lot area
