3401 Clinton Avenue Cleveland, OH 44113
MULTI_FAMILY - Cleveland, OH
- Added:
- Jun 24, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 13 at 12:06 pm
Property Features for 3401 Clinton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 4
- Appliances
- Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 003-26-043
- Size
- 3,618 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5115
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Fiberglass, Asphalt
Listing agent Anthony G Romano License #2004013247 (440) 724-8836
Listing office Century 21 Homestar 31320 Solon Road, Suite 17, Solon, OH (440) 449-9100
Listing date Jun 24, 2026
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.
The property is located in the heart of Ohio City, just steps from Hingetown and West 25th Street. Nearby destinations include Gordon Square, Edgewater Park, and Downtown Cleveland.
The layout supports a variety of owner-occupant or rental scenarios, with two separate residences in one duplex and multiple bedrooms and full baths per unit. The presence of a 15-year tax abatement already in place can be an important consideration for buyers evaluating long-term ownership. Updated mechanicals and central air further simplify readiness for tenants or personal occupancy.
Key Highlights
- Historic duplex built in 1890 with vinyl siding and roof featuring fiberglass and asphalt shingles.
- 15‑year tax abatement already in place, adding long‑term value potential for investors.
- Each residence offers 10‑foot ceilings, oversized wood‑framed windows, custom built‑ins, and fireplaces.
Local Financial Insights For Multifamily LT 5
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 | $64.7k | $17.88 |
| − Vacancy | −$2.9k | −$0.80 |
| EGI | $61.8k | $17.08 |
| − OpEx | −$18.5k | −$5.12 |
| NOI | $43.2k | $11.95 |
