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Two-Unit Duplex with Renovation Needs
For Sale
$115,000

2897 E 111th Street, Cleveland, OH 44104

Two separate residences each provide a two-bedroom, one-bathroom layout, with electrical work still required.

Property Size2,448 SF
Price / SF$46.98
Days on Market26

Property Features for 2897 E 111th Street

General Information

Standard status Active
Size 2,448 SF
Property subtype Duplex

Property Condition

Severity Repairs Needed
Evidence known electrical issues

Site & Location

Neighborhood Woodland Hills

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,160

Building Details

Building Size 2,448 SF
Year Built 1920
Listing Agency: Life Stages Realty LLC
Listed By: Nicolette Kuebeler · License #2022002552
Source: Lifestagesrealty
Added: Oct 2 Changed: Oct 26 Last Checked: Oct 26 at 3:18PM

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 Life Stages Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This 1920 duplex contains 2,448 square feet across two separate units. Each residence has two bedrooms and one full bathroom. Work has begun on selected systems, including installation of newer electrical panel boxes, one newer furnace, and one newer hot water tank. The electrical system has known issues and needs additional work; the property is being sold in its current condition.

Key Highlights

  • Two units, each with 2 bedrooms and 1 full bathroom
  • 2,448‑square‑foot duplex built in 1920
  • Newer electrical panel boxes, one newer furnace, and one newer hot water tank

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

697
Businesses Nearby

Demographics for 44104, OH

20,202
Population
9,851
Households
2.1
Avg Household Size
31
Median Age
10%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
4,298
Density / Sq Mi
$24,009
Median Household Income
$25,679
Median Earnings
$654
Median Rent
$60,600
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences each provide a two-bedroom, one-bathroom layout, with electrical work still required.
Where is this duplex located?
The property is located at 2897 E 111th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 2,448‑square‑foot duplex built in 1920; Newer electrical panel boxes, one newer furnace, and one newer hot water tank
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