Renovated
For Sale
$174,900
3305 Roanoke Avenue, Cleveland, OH 44109
ResidentialIncome, Cleveland, OH
Property Size1,355 SF
Lot Size0.09 Acres
Price / SF$129.08
Days on Market96
Property Features for 3305 Roanoke Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bedroom 1
Parking features
On Street, Driveway, Garage
Subdivision
Sears
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
State Rd, onto Roanoke Ave
Standard status
Active
APN
014-20-142
Size
1,355 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
63 SEARS 0171 EP
Tax Annual Amount
3207
Legal Description
63 SEARS 0171 EP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Buildings
1
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(440) 331-2870
Listed By:
Cole Belter · License #2024004251
(440) 781-4531
Added: Jul 30
Changed: Oct 23
Last Checked: Nov 2 at 5:06PM
MLS# 5232318
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 Cleveland duplex contains 1,355 square feet within a two-unit residential configuration. The upper unit has been fully renovated, while both units are occupied. The property was built in 1920 and features vinyl siding, forced-air heating, window-unit cooling, and an asphalt and fiberglass roof. Interior areas include a basement, four bedrooms, and two bathrooms.
Parking is available through a garage, driveway, and on-street spaces. The property is connected to public water and public sewer and sits on a 0.0851-acre lot at 3305 Roanoke Avenue in Cleveland, Ohio.
Parking is available through a garage, driveway, and on-street spaces. The property is connected to public water and public sewer and sits on a 0.0851-acre lot at 3305 Roanoke Avenue in Cleveland, Ohio.
Key Highlights
- Fully occupied duplex with 1,355 square feet
- Upper unit fully renovated
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,024
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,480
$300.5K
Cap Rate 7%
$214,629
$214.6K
Cap Rate 9%
$166,933
$166.9K
Market Conditions
NOI Build-Up for 1,355 SF
Gross rent
$28.5K $21.00/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$27.3K $20.16/SF
− OpEx
−$12.3K −$9.07/SF
NOI
$15.0K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,480
Cap Rate 7%
$214,629
Cap Rate 9%
$166,933
Alternative Uses
Best Use
Multifamily LT 5
$231.4K
$202.5K – $269.9K
NOI $16,196 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$214.6K
$187.8K – $250.4K
NOI $15,024 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with recent upstairs improvements and multiple parking options.
Where is this duplex located?
The property is located at 3305 Roanoke Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Fully occupied duplex with 1,355 square feet; Upper unit fully renovated; Built in 1920
