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    Updated Duplex in Ohio City

    3100 Hancock Avenue Cleveland, OH 44113

    3100 Hancock Avenue, Cleveland, OH, 44113
    $295,000
    For Sale
    Claim this Listing
    $295,000

    MULTI_FAMILY - Cleveland, OH

    Property Size1,540 SF
    Lot Size0.06 Acres
    Price / SF$191.56
    AddedApr 23
    Days on Market85
    Last RefreshJul 16 at 7:06 am

    Property Features for 3100 Hancock Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2
    Parking features
    Off Street
    Standard status
    Active
    APN
    007-09-145
    Size
    1,540 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    69 B&L 0235 SEP
    Tax Annual Amount
    2764

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    Listing agent Anthony Aviles License #2016001457

    Listing office HomeSmart Real Estate Momentum LLC 8518 Mentor Avenue, Suite C, Mentor, OH

    Listing date Apr 23, 2026

    MLS# 5204056 Listing URL

    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.

    Located in the Ohio City neighborhood, this duplex at 3100 Hancock Avenue, Cleveland, OH 44113 features four bedrooms and two bathrooms. The property includes updated units, a new roof, and an off-street parking pad. Situated on a lot of 0.0592 acres, the building has a size of 1540 square feet. The property is located steps from West 25th St & Lorain Ave, and minutes from Gordon Square, Edgewater, and Downtown Cleveland. This property is suitable for investors and owner occupants.

    Key Highlights

    • 4‑bed, 2‑bath duplex with rooms including 4 bedrooms and 2 bathrooms
    • Units feature updates and the property includes a new roof
    • Vinyl siding exterior with asphalt/fiberglass roofing

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $27.5k $17.88
    − Vacancy −$1.2k −$0.80
    EGI $26.3k $17.08
    − OpEx −$7.9k −$5.12
    NOI $18.4k $11.95
    1,540 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $263.0K
    $230.1K – $306.8K (±1% cap)
    NOI $18,407 @ 7.0% cap · market cap 6.24%
    Second Best
    Apartment 5plus
    $243.9K
    $213.5K – $284.6K (±1% cap)
    NOI $17,076 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Office A
    $375.8K
    $328.8K – $438.5K (±1% cap)
    NOI $26,307 @ 7.0% cap · market cap 8.92%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store Accounting Firm Computer & Electronic Repair Electrical Service Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Four-bedroom, two-bath duplex with updated units and off-street parking.
    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 $295,000.
    What are key features of this property?
    This property features: 4‑bed, 2‑bath duplex with rooms including 4 bedrooms and 2 bathrooms; Units feature updates and the property includes a new roof; Vinyl siding exterior with asphalt/fiberglass roofing
    Contact an agent
    (216) 212-9219
    We can help!
    Contact an agent
    Anthony Aviles
    Anthony Aviles
    Real Estate License ID: 2016001457
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