Five-Unit Brick Apartment
For Sale
$250,000
3362 145th Street, Cleveland, OH 44120
Brick multifamily property with four occupied units, one vacancy, and a mix of one-, two-, and three-bedroom layouts.
Property Size4,180 SF
Price / SF$59.81
Days on Market10
Property Features for 3362 145th Street
General Information
Standard status
Active
Size
4,180 SF
Property subtype
Apartment
Property Condition
Severity
Repairs Needed
Evidence
full unit turn
Financials
Asking Price
$250,000
Cap Rate
9.6%
Gross Income
$44,100
Units
Unit Mix
1 x 3BR/1BA, 3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,468
Amenities
None, Gas
3
Flat
Paved Driveway.
Building Details
Year Built
1925
Construction
brick
Listing Agency:
(216) 870-8687
Listed By:
Russell Real Estate Services
(216) 870-8687
Source:
Xome
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 1:17PM
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 Russell Real Estate Services
Investment Insights
Based on property information with market context.
This 4,180-square-foot brick apartment building, constructed in 1925, contains five residential units with a mix of one-, two-, and three-bedroom floor plans. Four units are occupied, while one is vacant and requires completion of the planned work. Property needs include a full unit turn, exterior cleanup, repairs to the rear retaining wall and brickwork, a basement support beam, and other general repairs.
Mechanical improvements include newer gas furnaces and two Rheem water heaters. The property is located in Cleveland’s east side within the 44120 corridor and the CMHA Housing Choice Voucher market area. The unit mix consists of one 3/1, three 2/1 units, and one 1/1 unit. The reported day-one cap rate is 9.6%.
Mechanical improvements include newer gas furnaces and two Rheem water heaters. The property is located in Cleveland’s east side within the 44120 corridor and the CMHA Housing Choice Voucher market area. The unit mix consists of one 3/1, three 2/1 units, and one 1/1 unit. The reported day-one cap rate is 9.6%.
Key Highlights
- Five‑unit brick apartment building with 4,180 SF of building area
- Unit mix includes one 3/1, three 2/1 units, and one 1/1 unit
- Four of five units are occupied; one unit is vacant
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with four occupied units, one vacancy, and a mix of one-, two-, and three-bedroom layouts.
Where is this apartment building located?
The property is located at 3362 145th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five‑unit brick apartment building with 4,180 SF of building area; Unit mix includes one 3/1, three 2/1 units, and one 1/1 unit; Four of five units are occupied; one unit is vacant
