7-Bedroom Duplex with Updated
3357 West Blvd, Cleveland, OH 44111
For Sale
$350,000
The two-unit layout combines a five-bedroom residence with a renovated two-bedroom apartment.
Property Size2,731 SF
Lot Size0.29 Acres
Price / SF$128.16
Days on Market8
Property Features for 3357 West Blvd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Key Realty
Listed By:
Joshua Janus · License OH #2021008169
(216) 284-6736
Source:
Centralohiohomeguide
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 10 at 2:28PM
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 Key Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,731-square-foot duplex contains two apartments with a combined 7 bedrooms and 2.5 bathrooms. The upper unit has 5 bedrooms and 1.5 bathrooms; the renovated lower unit has 2 bedrooms and 1 bathroom. Original hardwood floors and wood trim remain in both units, and each has a front porch. Recent work includes a new roof, vinyl windows, two furnaces, two hot water tanks, and updates to both porches.
The property occupies a 0.29-acre lot on West Boulevard in Cleveland. The upper apartment is occupied under a month-to-month lease, while the lower apartment is vacant.
The property occupies a 0.29-acre lot on West Boulevard in Cleveland. The upper apartment is occupied under a month-to-month lease, while the lower apartment is vacant.
Key Highlights
- Two‑unit duplex totals 2,731 square feet on a 0.29‑acre lot
- Upper apartment has 5 bedrooms and 1.5 bathrooms; lower apartment has 2 bedrooms and 1 bathroom
- Upper unit occupied on a month‑to‑month lease; lower unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,458
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,160
$609.2K
Cap Rate 7%
$435,114
$435.1K
Cap Rate 9%
$338,422
$338.4K
Market Conditions
NOI Build-Up for 2,731 SF
Gross rent
$46.5K $17.04/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$43.5K $15.93/SF
− OpEx
−$13.1K −$4.78/SF
NOI
$30.5K $11.15/SF
Area
ZIP 44111
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,160
Cap Rate 7%
$435,114
Cap Rate 9%
$338,422
Alternative Uses
Best Use
Multifamily LT 5
$435.1K
$380.7K – $507.6K
NOI $30,458 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$345.8K
$302.5K – $403.4K
NOI $24,203 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$514.2K
$449.9K – $599.9K
NOI $35,995 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
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Business Placement
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
$130,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cleveland, OH
Properties on Market for Duplexes in Cleveland
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout combines a five-bedroom residence with a renovated two-bedroom apartment.
Where is this duplex located?
The property is located at 3357 West Blvd Cleveland, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totals 2,731 square feet on a 0.29‑acre lot; Upper apartment has 5 bedrooms and 1.5 bathrooms; lower apartment has 2 bedrooms and 1 bathroom; Upper unit occupied on a month‑to‑month lease; lower unit vacant
