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    Updated Duplex on Double Lot

    3726 Newark Avenue Cleveland, OH 44109

    3726 Newark Avenue, Cleveland, OH, 44109
    $249,900
    For Sale
    Under Contract
    Claim this Listing
    $249,900

    MULTI_FAMILY - Cleveland, OH

    Property Size1,760 SF
    Lot Size0.17 Acres
    Price / SF$141.99
    AddedMar 18
    Days on Market120
    Last RefreshJul 15 at 12:06 am

    Property Features for 3726 Newark Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry Room, Bathroom 2, Basement, Bathroom 1
    Parking features
    Garage, Oversize
    Standard status
    Active Under Contract
    APN
    007-30-116
    Size
    1,760 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2421

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    Listing agent Anthony R Latina License #2016003431

    Listing office RE/MAX Crossroads Properties 1100 Linda Street, Strongsville, OH

    Listing date Mar 18, 2026

    MLS# 5193169 Listing URL

    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.

    This well-maintained duplex is located on a double lot. Each of the two units features 2 bedrooms and 1 bathroom. The property offers opportunities for investors or owner-occupants. Extensive updates completed in 2022 include a new furnace, hot water tank, roof, siding, exterior waterproofing, and a new driveway. The bathrooms have been fully renovated. The first floor features new flooring throughout and a refreshed kitchen complete with granite countertops. Both units offer bright, welcoming living spaces and spacious bedrooms. The property includes a 1.5-car garage and generous yard space. The property size is 1,760 square feet and the lot size is 0.174 acres.

    Key Highlights

    • Duplex on a double lot with both units offering 2 bedrooms and 1 bathroom
    • Extensive 2022 updates: new furnace, hot water tank, roof, siding, and exterior waterproofing
    • 2022 improvements include new driveway and fully renovated bathrooms

    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 $31.5k $17.88
    − Vacancy −$1.4k −$0.80
    EGI $30.1k $17.08
    − OpEx −$9.0k −$5.12
    NOI $21.0k $11.95
    1,760 SF · lease $17.88/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $300.5K
    $263.0K – $350.6K (±1% cap)
    NOI $21,037 @ 7.0% cap · market cap 8.42%
    Second Best
    Apartment 5plus
    $278.8K
    $243.9K – $325.3K (±1% cap)
    NOI $19,515 @ 7.0% cap · market cap 7.81%
    Theoretical Best
    Office A
    $429.5K
    $375.8K – $501.1K (±1% cap)
    NOI $30,065 @ 7.0% cap · market cap 12.03%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Accounting Firm Gym & Fitness Center (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Well-maintained Cleveland duplex with updates and strong rental potential.
    Where is this duplex located?
    The property is located at 3726 Newark Avenue Cleveland, OH.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Duplex on a double lot with both units offering 2 bedrooms and 1 bathroom; Extensive 2022 updates: new furnace, hot water tank, roof, siding, and exterior waterproofing; 2022 improvements include new driveway and fully renovated bathrooms
    Contact an agent
    (440) 465-5611
    We can help!
    Contact an agent
    Anthony R Latina
    Anthony R Latina
    Real Estate License ID: 2016003431
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