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Occupied Duplex with Managed Tenancy
For Sale
$162,000
Pending

3167 W 115th Street, Cleveland, OH 44111

Two-unit residential property with vinyl siding, tenant laundry areas, and an unfinished attic and basement.

Property Size1,852 SF
Days on Market58

Property Features for 3167 W 115th Street

General Information

Standard status Pending
Size 1,852 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Gross Income $19,500
Highway Access Yes
Multifamily Units 2

Amenities

laundry area

Building Details

Year Built 1921
Abandoned No
Listing Agency: McCrae & Co. Real Estate, LLC
Listed By: Katie Mccrae · License #2013003170
Source: Carletonrealty
Added: Aug 21 Changed: Oct 13 Last Checked: Oct 16 at 6:11AM

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 McCrae & Co. Real Estate, LLC

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Investment Insights

Based on property information with market context.

Built in 1921, this duplex contains 1,852 square feet across two residential units and is fully occupied. The exterior features vinyl siding, while the unfinished basement provides laundry areas for tenants. An unfinished attic adds additional unfinished space within the building.

Professional property management is already in place. The property is located at 3167 W 115th Street in Cleveland’s West Boulevard neighborhood, with access to I-90 and downtown Cleveland. Its existing occupancy, two-unit layout, and established management structure support continued residential rental use.

Key Highlights

  • Fully occupied duplex with professional property management in place
  • 1,852 square feet across two residential units
  • Built in 1921 with vinyl siding exterior

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

865
Businesses Nearby

Demographics for 44111, OH

41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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?
Duplex - Two-unit residential property with vinyl siding, tenant laundry areas, and an unfinished attic and basement.
Where is this duplex located?
The property is located at 3167 W 115th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Fully occupied duplex with professional property management in place; 1,852 square feet across two residential units; Built in 1921 with vinyl siding exterior
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