Updated Two-Unit
For Sale
$179,000
3747 Bosworth Rd, Cleveland, OH 44111
Two occupied units feature five rooms, two bedrooms, and one bath each, with month-to-month rentals and substantial outdoor space.
Property Size1,759 SF
Price / SF$101.76
Days on Market19
Property Features for 3747 Bosworth Rd
General Information
Standard status
Active
Size
1,759 SF
Total Parking Spaces
2
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
North Coast Homes, Inc.
(216) 513-6646
Listed By:
Gary E Kotlarsic
(216) 513-6646
Source:
Exprealty
Added: Jul 15
Changed: Jul 31
Last Checked: Jul 31 at 7:14PM
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 North Coast Homes, Inc.
Investment Insights
Based on property information with market context.
This duplex includes 1,759 square feet with two occupied units. Each unit has five rooms, two bedrooms, and one bath. The property has undergone many updates throughout and is leased on a month-to-month basis, providing an established residential income configuration.
The property includes a deep back yard, concrete driveway, and detached two-car garage. Located at 3747 Bosworth Rd in Cleveland, OH, the site combines separate residential units with useful outdoor and parking improvements.
The property includes a deep back yard, concrete driveway, and detached two-car garage. Located at 3747 Bosworth Rd in Cleveland, OH, the site combines separate residential units with useful outdoor and parking improvements.
Key Highlights
- 2 occupied units, each with 5 rooms, 2 bedrooms, and one bath
- 1,759 square feet duplex with many updates throughout
- Month‑to‑month rentals in both units
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 | $30.2k | $17.16 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $28.3k | $16.11 |
| − OpEx | −$12.8k | −$7.25 |
| NOI | $15.6k | $8.86 |
1,759 SF · lease $17.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.3K
$245.2K – $327.0K
NOI $19,618 @ 7.0% cap · market cap 10.96%
Second Best
Apartment 5plus
$222.7K
$194.9K – $259.8K
NOI $15,589 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
570
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 - Two occupied units feature five rooms, two bedrooms, and one bath each, with month-to-month rentals and substantial outdoor space.
Where is this duplex located?
The property is located at 3747 Bosworth Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 2 occupied units, each with 5 rooms, 2 bedrooms, and one bath; 1,759 square feet duplex with many updates throughout; Month‑to‑month rentals in both units
