Duplex with Rooftop
For Sale
$254,000
3325 W 98th Street, Cleveland, OH 44102
Two apartments offer separate outdoor areas, including a roof deck and a covered front porch.
Property Size2,000 SF
Price / SF$127
Days on Market9
Property Features for 3325 W 98th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Boulevard
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,121
Amenities
Full
true
2
5
2000
Owner
Public
0.1396
false
Assessor
Driveway
1
Building Details
Building Size
2,000 SF
Year Built
1890
Buildings
1
Stories
2
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:03PM
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 Patrick Lucey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex contains a three-bedroom lower apartment and a two-bedroom upper apartment. Each unit has an eat-in kitchen and private outdoor space. The upper unit opens to a rooftop deck; the lower unit includes a front porch and an enclosed bonus room at the rear. Electrical, plumbing, water tanks, windows, vanities, countertops, and flooring have been updated.
The property is located on W 98th Street in Cleveland’s West Boulevard neighborhood. Gordon Square and Edgewater Beach are 2 miles away; Ohio City and Tremont are 3 miles away, and downtown Cleveland is 4 miles away. Cleveland Clinic, MetroHealth, the Guardians, the Browns, the zoo, and local arts and museum destinations are within 10 miles.
The property is located on W 98th Street in Cleveland’s West Boulevard neighborhood. Gordon Square and Edgewater Beach are 2 miles away; Ohio City and Tremont are 3 miles away, and downtown Cleveland is 4 miles away. Cleveland Clinic, MetroHealth, the Guardians, the Browns, the zoo, and local arts and museum destinations are within 10 miles.
Key Highlights
- Two‑unit duplex with 3 bedrooms downstairs and 2 upstairs
- Each apartment has an eat‑in kitchen and private outdoor space
- Upper apartment includes a rooftop deck; lower apartment has a front porch and enclosed rear bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,176
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,520
$443.5K
Cap Rate 7%
$316,800
$316.8K
Cap Rate 9%
$246,400
$246.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$42.0K $21.00/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$40.3K $20.16/SF
− OpEx
−$18.1K −$9.07/SF
NOI
$22.2K $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%
$443,520
Cap Rate 7%
$316,800
Cap Rate 9%
$246,400
Alternative Uses
Best Use
Multifamily LT 5
$341.5K
$298.8K – $398.4K
NOI $23,906 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$316.8K
$277.2K – $369.6K
NOI $22,176 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 13.45%
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
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate outdoor areas, including a roof deck and a covered front porch.
Where is this duplex located?
The property is located at 3325 W 98th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms downstairs and 2 upstairs; Each apartment has an eat‑in kitchen and private outdoor space; Upper apartment includes a rooftop deck; lower apartment has a front porch and enclosed rear bonus room
