Triplex With Separate
For Sale
$650,000
3109 Bridge Avenue, Cleveland, OH 44113
ResidentialIncome, Cleveland, OH
Property Size3,326 SF
Lot Size0.08 Acres
Price / SF$195.43
Days on Market48
Property Features for 3109 Bridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 5, Basement
Parking features
On Street
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Subdivision
Barber & Lords
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Just East of Fulton Rd, between W. 30th and W. 32nd St.
Standard status
Active
APN
003-37-004
Size
3,326 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
52 B&L 0202 NWP
Tax Annual Amount
16377
Legal Description
52 B&L 0202 NWP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
AluminumSiding, VinylSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Jeremy P Ols · License #2008003468
(440) 263-8915
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 21 at 11:06PM
MLS# 5241328
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.
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Investment Insights
Based on property information with market context.
This triplex property comprises three residential units distributed across two parcels. The rear residence is a single-family cottage with two bedrooms, a dedicated office, and two full bathrooms. The front multifamily building contains two additional units, both fully occupied. Combined property size is 3,326 square feet on 0.08 acres.
Located on Bridge Avenue in Cleveland’s Ohio City neighborhood, the property is near Momocho, Heart of Gold, Juneberry Table, Phoenix Coffee, and the West Side Market. Public water and sewer serve the property. Improvements include forced-air heating, central air conditioning, aluminum and vinyl siding, asphalt and fiberglass roofing, and on-street parking. The property was built in 1900.
Located on Bridge Avenue in Cleveland’s Ohio City neighborhood, the property is near Momocho, Heart of Gold, Juneberry Table, Phoenix Coffee, and the West Side Market. Public water and sewer serve the property. Improvements include forced-air heating, central air conditioning, aluminum and vinyl siding, asphalt and fiberglass roofing, and on-street parking. The property was built in 1900.
Key Highlights
- Three residential units across two parcels
- Rear cottage includes 2 bedrooms, an office, and 2 full baths
- Front multifamily building is fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,755
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,100
$795.1K
Cap Rate 7%
$567,929
$567.9K
Cap Rate 9%
$441,722
$441.7K
Market Conditions
NOI Build-Up for 3,326 SF
Gross rent
$59.5K $17.88/SF
− Vacancy
−$2.7K −$0.80/SF
EGI
$56.8K $17.08/SF
− OpEx
−$17.0K −$5.12/SF
NOI
$39.8K $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%
$795,100
Cap Rate 7%
$567,929
Cap Rate 9%
$441,722
Alternative Uses
Best Use
Multifamily LT 5
$567.9K
$496.9K – $662.6K
NOI $39,755 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$526.8K
$461.0K – $614.7K
NOI $36,879 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$811.7K
$710.2K – $946.9K
NOI $56,816 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,731
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?
Triplex - Three residential units span two parcels, including a two-bedroom cottage with an office and two full baths.
Where is this triplex located?
The property is located at 3109 Bridge Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three residential units across two parcels; Rear cottage includes 2 bedrooms, an office, and 2 full baths; Front multifamily building is fully occupied
