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Three-Unit Residential Income Property

3141 Kensington Rd, Cleveland Heights, OH 44118

For Sale
$249,900

Three occupied apartments share a detached garage, basement laundry, and covered porches.

Property Size2,855 SF
Price / SF$87.53
Days on Market24

Property Features for 3141 Kensington Rd

General Information

Standard status Active
Size 2,855 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Cedar Lee

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3

Additional Details

Gross Income $36,900
Tenant in Place Yes

Amenities

laundry
covered front porch
covered upper-level porch

Building Details

Year Built 1922
Buildings 1
Stories 3
Listing Agency: Real of Ohio
Listed By: Thomas Garuccio · License OH #2019003560
Source: Mystarkcountyhome
Added: Oct 18 Changed: Nov 8 Last Checked: Nov 8 at 6:36AM

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 Real of Ohio

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Investment Insights

Based on property information with market context.

This 2,855-square-foot triplex, built in 1922, contains two two-bedroom flats on the first and second floors and a one-bedroom apartment on the third. Each residence has a full bathroom. Interior details in the larger flats include refinished hardwood flooring, decorative fireplaces, formal living and dining rooms, and generous kitchen cabinetry. Shared property features include a full basement with laundry, a covered front porch, an upper-level covered porch, and a detached two-car garage. The furnace has been updated, and both water heaters are approximately 4–5 years old. All three units are occupied.

The property is on Kensington Road in Cleveland Heights, near the Cedar-Lee district. Shops, restaurants, coffee shops, Heights High, and the Lee Road library are within a short walk.

Key Highlights

  • Three occupied units: two 2‑bedroom flats and one 1‑bedroom apartment
  • 2,855‑square‑foot triplex built in 1922
  • Detached 2‑car garage

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

776
Businesses Nearby

Demographics for 44118, OH

40,242
Population
17,849
Households
2.3
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
5,749
Density / Sq Mi
$76,328
Median Household Income
$44,837
Median Earnings
$1,195
Median Rent
$205,600
Median Home Value
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Market

Average Price Trend$/SF for Triplexes in Cuyahoga County, OH

$78.76 Jul
$86.25 Aug
$86.36 Sep
$88.72 Oct

Properties on Market for Triplexes in Cuyahoga County

Jul
Aug
Sep
Oct

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?
Triplex - Three occupied apartments share a detached garage, basement laundry, and covered porches.
Where is this triplex located?
The property is located at 3141 Kensington Rd Cleveland Heights, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three occupied units: two 2‑bedroom flats and one 1‑bedroom apartment; 2,855‑square‑foot triplex built in 1922; Detached 2‑car garage
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