Renovated Two-Unit
New
For Sale
$219,900
3429 E 65th Street, Cleveland, OH 44127
ResidentialIncome, Cleveland, OH
Property Size1,823 SF
Lot Size0.11 Acres
Price / SF$120.63
Days on Market4
Property Features for 3429 E 65th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking features
Driveway
Subdivision
Clewell & Irwins
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Between Ovington and Hinde
Standard status
Active
APN
125-32-013
Size
1,823 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
322 C&I 0018 ALL
Tax Annual Amount
1225
Legal Description
322 C&I 0018 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Block
Roof type
Fiberglass, Asphalt
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Jack Krusinski · License #2021004622
(216) 789-6736
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 8:06AM
MLS# 5255407
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.
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Investment Insights
Based on property information with market context.
This 1,823-square-foot duplex at 3429 E 65th Street contains two tenant-occupied apartments, each with three bedrooms and one bathroom. Built in 1900, the property sits on a 0.1148-acre lot. Updates completed within the last two years include a new roof, vinyl siding and windows, two furnaces, two hot water tanks, and two electrical panels. The interiors have tiled bathrooms, white cabinetry, granite countertops, and LVP flooring. A concrete pad provides off-street parking.
Key Highlights
- Two tenant‑occupied units, each with 3 bedrooms and 1 bathroom
- 1,823 square feet on a 0.1148‑acre lot
- Recent updates include roof, vinyl siding, vinyl windows, two furnaces, two hot water tanks, and two electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,213
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,260
$404.3K
Cap Rate 7%
$288,757
$288.8K
Cap Rate 9%
$224,589
$224.6K
Market Conditions
NOI Build-Up for 1,823 SF
Gross rent
$38.3K $21.00/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$36.8K $20.16/SF
− OpEx
−$16.5K −$9.07/SF
NOI
$20.2K $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%
$404,260
Cap Rate 7%
$288,757
Cap Rate 9%
$224,589
Alternative Uses
Best Use
Multifamily LT 5
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,213 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$444.9K
$389.3K – $519.0K
NOI $31,141 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 44127, OH
4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant-occupied and feature three bedrooms and one bathroom.
Where is this duplex located?
The property is located at 3429 E 65th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 3 bedrooms and 1 bathroom; 1,823 square feet on a 0.1148‑acre lot; Recent updates include roof, vinyl siding, vinyl windows, two furnaces, two hot water tanks, and two electrical panels
