Duplex with Off-Street
New
For Sale
$289,000
3100 Hancock Avenue, Cleveland, OH 44113
The two-unit property has updated interiors and a dedicated parking pad.
Property Size1,540 SF
Price / SF$187.66
Days on Market4
Property Features for 3100 Hancock Avenue
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Market Square
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,764
Amenities
Partial
true
2
4
1540
Public Records
Public
0.0592
false
Assessor
Off Street,Parking Pad
1
Building Details
Building Size
1,540 SF
Year Built
1890
Stories
2
Listing Agency:
HomeSmart Real Estate Momentum LLC
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:47PM
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 HomeSmart Real Estate Momentum LLC
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex was built in 1890 and includes four bedrooms and two bathrooms. Interior updates and a newer roof are among its improvements, with an off-street parking pad on the property.
The address is 3100 Hancock Avenue in Cleveland. West 25th Street and Lorain Avenue are nearby, with Gordon Square, Edgewater, and Downtown Cleveland also identified in the surrounding area.
The address is 3100 Hancock Avenue in Cleveland. West 25th Street and Lorain Avenue are nearby, with Gordon Square, Edgewater, and Downtown Cleveland also identified in the surrounding area.
Key Highlights
- Two‑unit duplex with 1,540 square feet
- Four bedrooms and two bathrooms
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,407
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,140
$368.1K
Cap Rate 7%
$262,957
$263.0K
Cap Rate 9%
$204,522
$204.5K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$27.5K $17.88/SF
− Vacancy
−$1.2K −$0.80/SF
EGI
$26.3K $17.08/SF
− OpEx
−$7.9K −$5.12/SF
NOI
$18.4K $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%
$368,140
Cap Rate 7%
$262,957
Cap Rate 9%
$204,522
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.8K
NOI $18,407 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$243.9K
$213.5K – $284.6K
NOI $17,076 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,603
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property has updated interiors and a dedicated parking pad.
Where is this duplex located?
The property is located at 3100 Hancock Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,540 square feet; Four bedrooms and two bathrooms; Built in 1890
