2701 W 14th St, Cleveland, OH 44113
For Sale
$369,900
One of the two units is occupied, providing an established tenancy.
Property Size2,504 SF
Price / SF$147.72
Days on Market38
Property Features for 2701 W 14th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Key Realty
Listed By:
Michael Orlando · License OH #2021000887
(216) 956-1884
Source:
Mynexthomeonline
Added: Oct 4
Changed: Nov 8
Last Checked: Nov 10 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty
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Investment Insights
Based on property information with market context.
Built in 1898, this two-unit duplex contains 2,504 square feet. One unit is occupied by a tenant, while the second contributes to the property’s two-unit configuration.
The property is in Cleveland’s Tremont neighborhood, near restaurants, coffee shops, boutiques, and Lincoln Park. Ohio City, downtown Cleveland, and major highways are also accessible from the area.
The property is in Cleveland’s Tremont neighborhood, near restaurants, coffee shops, boutiques, and Lincoln Park. Ohio City, downtown Cleveland, and major highways are also accessible from the area.
Key Highlights
- Two‑unit duplex with 2,504 square feet
- One unit is tenant‑occupied
- Built in 1898
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,930
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,600
$598.6K
Cap Rate 7%
$427,571
$427.6K
Cap Rate 9%
$332,556
$332.6K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$44.8K $17.88/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$42.8K $17.08/SF
− OpEx
−$12.8K −$5.12/SF
NOI
$29.9K $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%
$598,600
Cap Rate 7%
$427,571
Cap Rate 9%
$332,556
Alternative Uses
Best Use
Multifamily LT 5
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$396.6K
$347.1K – $462.7K
NOI $27,764 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
974
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
$295,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cleveland, OH
Properties on Market for Duplexes in Cleveland
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One of the two units is occupied, providing an established tenancy.
Where is this duplex located?
The property is located at 2701 W 14th St Cleveland, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,504 square feet; One unit is tenant‑occupied; Built in 1898
