Updated Duplex in Ohio
3100 Hancock Avenue Cleveland, OH 44113
For Sale
$295,000
MULTI_FAMILY - Cleveland, OH
Property Size1,540 SF
Lot Size0.06 Acres
Price / SF$191.56
Days on Market98
Property Features for 3100 Hancock Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1
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 Agency:
HomeSmart Real Estate Momentum LLC
(440) 578-8058
Listed By:
Anthony Aviles · License #2016001457
(216) 212-9219
Added: Apr 23
Changed: Jul 17
Last Checked: Jul 29 at 3:06AM
MLS# 5204056
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
- Vinyl siding exterior; forced‑air heating and window A/C units
- New roof plus asphalt/fiberglass roofing materials
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
NOI $18,407 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$243.9K
$213.5K – $284.6K
NOI $17,076 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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; Vinyl siding exterior; forced‑air heating and window A/C units; New roof plus asphalt/fiberglass roofing materials
