Duplex with Two Occupied
For Sale
$159,900
3746 W 140th St, Cleveland, OH 44111
Income-producing duplex with separate living spaces, shared basement storage, and access to major roads and public transportation.
Property Size1,455 SF
Price / SF$109.90
Days on Market74
Property Features for 3746 W 140th St
General Information
Standard status
Active
Size
1,455 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Westpark
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
RE/MAX Haven Realty
Listed By:
Michael Azzam · License #2014004734
(440) 503-9609
Source:
Theacclaimedrealty
Added: Aug 12
Changed: Oct 17
Last Checked: Oct 7 at 4:05PM
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 RE/MAX Haven Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,455-square-foot duplex contains two occupied units with distinct residential layouts. The lower apartment has 2 bedrooms and 1 full bathroom, while the upper apartment includes 1 bedroom and 1 full bathroom. Both units provide living rooms and kitchens, and a shared basement adds storage space. The property also features vinyl siding, updated ductwork, newer furnaces and water heaters, plus a combination of hardwood and luxury vinyl plank flooring.
Located in Cleveland with access to I-71 and I-90, the property is near public transportation, shopping, restaurants, schools, parks, and everyday amenities. Professional management is already in place and is willing to continue, with leasing, marketing, tenant communication, rehabilitation, and construction services available. The lower unit has a lease through 02/28/2027, while the upper unit is leased through 08/31/2026.
Located in Cleveland with access to I-71 and I-90, the property is near public transportation, shopping, restaurants, schools, parks, and everyday amenities. Professional management is already in place and is willing to continue, with leasing, marketing, tenant communication, rehabilitation, and construction services available. The lower unit has a lease through 02/28/2027, while the upper unit is leased through 08/31/2026.
Key Highlights
- Two‑unit duplex with 1,455 square feet
- Lower unit includes 2 bedrooms and 1 full bathroom
- Upper unit includes 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,895
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,900
$257.9K
Cap Rate 7%
$184,214
$184.2K
Cap Rate 9%
$143,278
$143.3K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$25.0K $17.16/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$23.4K $16.11/SF
− OpEx
−$10.6K −$7.25/SF
NOI
$12.9K $8.86/SF
Area
ZIP 44111
Vacancy
6.10%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,900
Cap Rate 7%
$184,214
Cap Rate 9%
$143,278
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.5K
NOI $16,227 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$184.2K
$161.2K – $214.9K
NOI $12,895 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$274.0K
$239.7K – $319.6K
NOI $19,177 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with separate living spaces, shared basement storage, and access to major roads and public transportation.
Where is this duplex located?
The property is located at 3746 W 140th St Cleveland, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,455 square feet; Lower unit includes 2 bedrooms and 1 full bathroom; Upper unit includes 1 bedroom and 1 full bathroom
