Hardwood-Floor
For Sale
$325,000
2671 Hampshire Road, Cleveland Heights, OH 44106
ResidentialIncome, Cleveland Heights, OH
Property Size2,594 SF
Lot Size0.14 Acres
Price / SF$125.29
Days on Market234
Property Features for 2671 Hampshire Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Laundry Room, Bathroom 2, Basement, Bedroom 1, Bedroom 2
Parking features
Garage
Elementary school district
Cleveland Hts-Univer - 1810
Middle school district
Cleveland Hts-Univer - 1810
High school district
Cleveland Hts-Univer - 1810
Directions
West off Coventry
Standard status
Active
APN
685-09-039
Size
2,594 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5483
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Forced Air
Water source
Public
Amenities
hardwood floors
built-ins
basement storage
Building Details
Year built
1920
Floors in Building
3
Building materials
Brick, Cedar, WoodSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Sam Zimmer · License #2013004655
(216) 469-4635
Added: Mar 5
Changed: Oct 23
Last Checked: Oct 25 at 4:06PM
MLS# 5190385
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.
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Investment Insights
Based on property information with market context.
This 2,594-square-foot triplex was built in 1920 and features hardwood floors, built-in cabinetry, and a basement with laundry facilities and storage space. Brick, cedar, and wood siding contribute to the building’s construction profile, while forced-air and baseboard heating systems serve the property. A garage provides on-site parking, and public water and sewer are available.
The first-floor residence is vacant, while the second- and third-floor units have month-to-month occupants. The roof was replaced in 2012. Located on Hampshire Road in Cleveland Heights, the property sits one block from Coventry and within a short drive of Cleveland Clinic, University Hospitals, and University Circle museums.
The first-floor residence is vacant, while the second- and third-floor units have month-to-month occupants. The roof was replaced in 2012. Located on Hampshire Road in Cleveland Heights, the property sits one block from Coventry and within a short drive of Cleveland Clinic, University Hospitals, and University Circle museums.
Key Highlights
- 2,594 square feet across a three‑unit residential property
- 0.14‑acre lot in Cleveland Heights
- First‑floor unit is vacant; second- and third‑floor units are occupied month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,504
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,080
$550.1K
Cap Rate 7%
$392,914
$392.9K
Cap Rate 9%
$305,600
$305.6K
Market Conditions
NOI Build-Up for 2,594 SF
Gross rent
$42.0K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$39.3K $15.15/SF
− OpEx
−$11.8K −$4.54/SF
NOI
$27.5K $10.60/SF
Area
Cuyahoga County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,080
Cap Rate 7%
$392,914
Cap Rate 9%
$305,600
Alternative Uses
Best Use
Multifamily LT 5
$392.9K
$343.8K – $458.4K
NOI $27,504 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$366.3K
$320.5K – $427.4K
NOI $25,643 @ 7.0% cap · market cap 7.89%
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.42M
NOI $145,490 @ 7.0% cap · market cap 44.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines flexible occupancy with basement storage and garage parking.
Where is this triplex located?
The property is located at 2671 Hampshire Road Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,594 square feet across a three‑unit residential property; 0.14‑acre lot in Cleveland Heights; First‑floor unit is vacant; second- and third‑floor units are occupied month‑to‑month
