Two-Unit Residential Income
3753 W 117th Street Cleveland, OH 44111
3753 W 117th Street, Cleveland, OH, 44111
$151,900
Pending
For Sale
$151,900
Pending
MULTI_FAMILY - Cleveland, OH
Property Size1,319 SF
Lot Size0.11 Acres
Days on Market50
Property Features for 3753 W 117th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Parking features
- Driveway
- Standard status
- Pending
- APN
- 019-01-022
- Size
- 1,319 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 5 KENSGAR 0204 ALL
- Tax Annual Amount
- 2810
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Asphalt, Fiberglass
Listing agency
RE/MAX Above & Beyond
(440) 546-1313
Listed by
Armani Adames · License #2020004334
(216) 370-8550
Added: Jun 4 Updated: Jul 17 at 10:18PM Checked: Jul 23 at 12:06AM
MLS# 5215984
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 two-unit residential income property includes a spacious first-floor unit with three bedrooms and one bathroom, currently vacant. The first-floor layout features an updated kitchen and updated bathroom, with two bedrooms on the first floor and a third bedroom located on the second floor with new carpeting. The second-floor unit offers one bedroom and one bathroom and is currently occupied, with an updated kitchen and bathroom, new carpet, and fresh paint throughout.
Additional improvements noted for the property include a new furnace and hot water tank. The property is situated near major highways, providing easy access to downtown Cleveland and other areas.
For investors and owner-occupants, this configuration provides the option to live in one unit while the other generates rental income. With both units described as updated and the first-floor unit available for immediate occupancy planning, the property may support a straightforward lease-up or transition strategy depending on the buyer’s goals.
Additional improvements noted for the property include a new furnace and hot water tank. The property is situated near major highways, providing easy access to downtown Cleveland and other areas.
For investors and owner-occupants, this configuration provides the option to live in one unit while the other generates rental income. With both units described as updated and the first-floor unit available for immediate occupancy planning, the property may support a straightforward lease-up or transition strategy depending on the buyer’s goals.
Key Highlights
- Residential building built in 1952 with aluminum siding
- Two units: first‑floor 3 bed/1 bath (currently vacant) and second‑floor 1 bed/1 bath (currently occupied at $750/month)
- First‑floor unit features an updated kitchen and bathroom; 3rd bedroom updated with new carpeting
Local 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 | $22.6k | $17.16 |
| − Vacancy | −$1.4k | −$1.05 |
| EGI | $21.3k | $16.11 |
| − OpEx | −$9.6k | −$7.25 |
| NOI | $11.7k | $8.86 |
1,319 SF · lease $17.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.1K
$183.9K – $245.2K
NOI $14,710 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$167.0K
$146.1K – $194.8K
NOI $11,689 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$248.4K
$217.3K – $289.8K
NOI $17,385 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units with modern finishes, including a vacant 3-bedroom and an occupied 1-bedroom.
Where is this duplex located?
The property is located at 3753 W 117th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $151,900.
What are key features of this property?
This property features: Residential building built in 1952 with aluminum siding; Two units: first‑floor 3 bed/1 bath (currently vacant) and second‑floor 1 bed/1 bath (currently occupied at $750/month); First‑floor unit features an updated kitchen and bathroom; 3rd bedroom updated with new carpeting
