Four-Unit Residential Income
3205 Denison Avenue Cleveland, OH 44109
New
3205 Denison Avenue, Cleveland, OH, 44109
$399,900
For Sale
$399,900
MULTI_FAMILY - Cleveland, OH
Property Size2,880 SF
Lot Size0.14 Acres
Price / SF$138.85
Days on Market2
Property Features for 3205 Denison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 7
- Parking features
- Parking Lot, Garage
- Standard status
- Active
- APN
- 014-04-004
- Size
- 2,880 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 65 DENISON AVE IN REAR EP 251.21 FT E CL W 33 ST&SP 219.47 FT S OF DENISON AVE
- Tax Annual Amount
- 5044
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt, Flat
Listing Agency
RE/MAX Above & Beyond
(440) 546-1313
7570 Chippewa Road, Brecksville, OH
Listed by
Armani Adames · License #2020004334
(216) 370-8550
Added: Jul 17 Checked: Jul 18 at 5:06 am
MLS# 5226000
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.
This well-maintained quadruplex offers four spacious 2-bedroom, 1-bath units. The property is currently 75% occupied, generating $2,500 per month in rental income. A vacant unit is described as completely turnkey and rent ready.
The building is located at 3205 Denison Avenue in Cleveland, Cuyahoga County, OH 44109. The listing notes the ability to increase cash flow immediately by placing the vacant unit with a new tenant, with the remaining occupied units continuing to provide income.
Overall, this is a four-unit income-focused property configured with consistent unit layouts (2 bedrooms and 1 bathroom each) and an available unit ready for occupancy.
The building is located at 3205 Denison Avenue in Cleveland, Cuyahoga County, OH 44109. The listing notes the ability to increase cash flow immediately by placing the vacant unit with a new tenant, with the remaining occupied units continuing to provide income.
Overall, this is a four-unit income-focused property configured with consistent unit layouts (2 bedrooms and 1 bathroom each) and an available unit ready for occupancy.
Key Highlights
- Quadruplex built in 1916 with four 2‑bedroom, 1‑bath units
- Currently 75% occupied, generating $2,500 per month in rental income
- 1 vacant unit described as turnkey and rent ready
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 | $51.5k | $17.88 |
| − Vacancy | −$2.3k | −$0.80 |
| EGI | $49.2k | $17.08 |
| − OpEx | −$14.8k | −$5.12 |
| NOI | $34.4k | $11.95 |
2,880 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$702.8K
$615.0K – $820.0K
NOI $49,197 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained quadruplex with four 2-bedroom, 1-bath units, including a turnkey vacant unit and current rental income.
Where is this quadplex located?
The property is located at 3205 Denison Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Quadruplex built in 1916 with four 2‑bedroom, 1‑bath units; Currently 75% occupied, generating $2,500 per month in rental income; 1 vacant unit described as turnkey and rent ready
