Duplex with Two Fully Occupied
New
For Sale
$164,900
3746 W 140th Street, Cleveland, OH 44111
MULTI_FAMILY - Cleveland, OH
Property Size1,455 SF
Lot Size0.13 Acres
Price / SF$113.33
Days on Market4
Property Features for 3746 W 140th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Basement, Bathroom 2, Bedroom 2
Parking features
Driveway
Subdivision
Lorain Gardens
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
On W 140th St, between San Diego Avenue and And Courtland Avenue
Standard status
Active
APN
022-02-045
Size
1,455 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
12 LORGAR 0022 ALL
Tax Annual Amount
2566
Legal Description
12 LORGAR 0022 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Building materials
Frame
Roof type
Asphalt, Fiberglass
Listing Agency:
RE/MAX Haven Realty · RE/MAX International
(440) 519-3100
Listed By:
Michael Azzam · License #2014004734
(216) 446-7606
Added: Jul 30
Changed: Aug 1
Last Checked: Aug 2 at 4:06AM
MLS# 5232002
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 duplex offers two fully occupied units and a shared basement for added storage. The lower unit is a two-bedroom, one-bath layout, and the upper unit is a one-bedroom, one-bath layout. Both units include living rooms and functional kitchens, with practical layouts for everyday living. The property is supported by public utilities (public water and public sewer) and features forced-air heating. Construction is frame, with asphalt and fiberglass roofing, and driveway parking.
The lower unit is leased through 02/28/2027, and the upper unit is leased through 08/31/2026, providing rental income with stable tenancy. Recent updates include younger furnaces, updated ductwork, younger water heaters, durable vinyl siding, and a combination of hardwood and luxury vinyl plank flooring. The property is located in Cleveland with easy access to I-71 and I-90 and is close to shopping, restaurants, schools, parks, and public transportation.
The shared basement can support additional storage and future improvement work, and professional full-service management is described as in place and willing to stay on.
The lower unit is leased through 02/28/2027, and the upper unit is leased through 08/31/2026, providing rental income with stable tenancy. Recent updates include younger furnaces, updated ductwork, younger water heaters, durable vinyl siding, and a combination of hardwood and luxury vinyl plank flooring. The property is located in Cleveland with easy access to I-71 and I-90 and is close to shopping, restaurants, schools, parks, and public transportation.
The shared basement can support additional storage and future improvement work, and professional full-service management is described as in place and willing to stay on.
Key Highlights
- Two fully occupied units with lower two‑bedroom, one‑bath and upper one‑bedroom, one‑bath layouts
- Lower unit lease through 02/28/2027; upper unit lease through 08/31/2026
- Shared basement provides additional storage and space for future improvements
Financial Insights For Apartment 5plus
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 | $25.0k | $17.16 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $23.4k | $16.11 |
| − OpEx | −$10.6k | −$7.25 |
| NOI | $12.9k | $8.86 |
1,455 SF · lease $17.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.5K
NOI $16,227 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$184.2K
$161.2K – $214.9K
NOI $12,895 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$274.0K
$239.7K – $319.6K
NOI $19,177 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
554
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Cleveland with two fully occupied units, including separate bedroom and bathroom layouts, plus a shared basement.
Where is this duplex located?
The property is located at 3746 W 140th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two fully occupied units with lower two‑bedroom, one‑bath and upper one‑bedroom, one‑bath layouts; Lower unit lease through 02/28/2027; upper unit lease through 08/31/2026; Shared basement provides additional storage and space for future improvements
