Updated Duplex on Double
3726 Newark Avenue Cleveland, OH 44109
For Sale
Under Contract
$249,900
MULTI_FAMILY - Cleveland, OH
Property Size1,760 SF
Lot Size0.17 Acres
Price / SF$141.99
Days on Market132
Property Features for 3726 Newark Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Laundry Room, Bedroom 1
- Parking features
- Oversize, Garage
- 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
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing Agency:
RE/MAX Crossroads Properties
(440) 331-2870
Listed By:
Anthony R Latina · License #2016003431
(440) 465-5611
Added: Mar 18
Changed: Jul 17
Last Checked: Jul 27 at 8:06AM
MLS# 5193169
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
- Well‑maintained duplex on a double lot at 3726 Newark Ave with two units, each with 2 bedrooms and 1 bathroom
- Extensive 2022 updates include new furnace, hot water tank, roof, siding, exterior waterproofing, and a new driveway
- Fully renovated bathrooms and refreshed first‑floor kitchen with granite countertops, plus new flooring throughout the first floor
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
NOI $21,037 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$278.8K
$243.9K – $325.3K
NOI $19,515 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$429.5K
$375.8K – $501.1K
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
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: Well‑maintained duplex on a double lot at 3726 Newark Ave with two units, each with 2 bedrooms and 1 bathroom; Extensive 2022 updates include new furnace, hot water tank, roof, siding, exterior waterproofing, and a new driveway; Fully renovated bathrooms and refreshed first‑floor kitchen with granite countertops, plus new flooring throughout the first floor
