Renovated Duplex
3305 Roanoke Avenue Cleveland, OH 44109
3305 Roanoke Avenue, Cleveland, OH, 44109
$174,900
For Sale
Under Contract
$174,900
MULTI_FAMILY - Cleveland, OH
Property Size1,355 SF
Lot Size0.09 Acres
Price / SF$129.08
Days on Market114
Property Features for 3305 Roanoke Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 3
- Parking features
- Garage, On Street, Driveway
- Standard status
- Active Under Contract
- APN
- 014-20-142
- Size
- 1,355 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 63 SEARS 0171 EP
- Tax Annual Amount
- 3207
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
Listing Agency
RE/MAX Crossroads Properties
(440) 331-2870
1100 Linda Street, Strongsville, OH
Listed by
Cole Belter · License #2024004251
(440) 781-4531
Added: Mar 26 Checked: Jul 17 at 11:06 am
MLS# 5195986
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 fully rented duplex includes two separate residential units. The upstairs unit has been fully renovated with fresh updates and modern finishes. The lower unit provides additional living space and is currently occupied, supporting an income-focused structure. The property totals about 1,355 square feet and sits on an approximately 0.0851-acre lot.
Located at 3305 Roanoke Avenue in Cleveland, the property is described as being in a convenient area close to shopping, restaurants, parks, and major highways. Access to everyday amenities and nearby destinations is a practical consideration for tenants, helping the units remain attractive for long-term occupancy.
For investors or buyers seeking a turn-key, income-oriented multifamily asset, this duplex offers an immediately occupied setup with renovation completed in the upstairs unit. The configuration provides two separate rental spaces under one roof, which can simplify ownership and management compared with assembling multiple standalone properties. With updates already in place and occupancy currently in effect, the duplex may fit buyers looking to add a maintained, low-maintenance residential income property to their portfolio.
Located at 3305 Roanoke Avenue in Cleveland, the property is described as being in a convenient area close to shopping, restaurants, parks, and major highways. Access to everyday amenities and nearby destinations is a practical consideration for tenants, helping the units remain attractive for long-term occupancy.
For investors or buyers seeking a turn-key, income-oriented multifamily asset, this duplex offers an immediately occupied setup with renovation completed in the upstairs unit. The configuration provides two separate rental spaces under one roof, which can simplify ownership and management compared with assembling multiple standalone properties. With updates already in place and occupancy currently in effect, the duplex may fit buyers looking to add a maintained, low-maintenance residential income property to their portfolio.
Key Highlights
- Fully rented duplex at 3305 Roanoke Ave, Cleveland, with two units currently generating income
- Upstairs unit has been fully renovated, with fresh updates and modern finishes
- Year built 1920; exterior includes vinyl siding
Local Financial Insights For Apartment 5plus
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 | $28.5k | $21.00 |
| − Vacancy | −$1.1k | −$0.84 |
| EGI | $27.3k | $20.16 |
| − OpEx | −$12.3k | −$9.07 |
| NOI | $15.0k | $11.09 |
1,355 SF · lease $21.00/SF/yr · vacancy 4.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully rented duplex with a fully renovated upstairs unit, offering two distinct rental spaces on a small lot in Cleveland.
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 rented duplex at 3305 Roanoke Ave, Cleveland, with two units currently generating income; Upstairs unit has been fully renovated, with fresh updates and modern finishes; Year built 1920; exterior includes vinyl siding
