Two-Family Duplex with
New
For Sale
$175,000
3847-3849 W 136th Street, Cleveland, OH 44111
Four-bedroom layout with three full bathrooms and a second-level kitchen and living arrangement.
Property Size1,598 SF
Price / SF$109.51
Days on Market6
Property Features for 3847-3849 W 136th Street
General Information
Standard status
Active
Size
1,598 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Chris D Schlenkerman · License #2003005232
Source:
Carletonrealty
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 3 at 3:17AM
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 Berkshire Hathaway HomeServices Professional Realty
Investment Insights
Based on property information with market context.
Built in 1925, this two-family duplex offers four bedrooms, with two on the main floor and two on the second level, plus three full bathrooms located in the basement, first floor, and second floor. All showers are tiled and designed for walk-in access. Original wood floors, new carpet in some bedrooms, and recently painted first-floor walls, trim, and ceilings add to the interior improvements.
The first floor includes an enclosed front porch, fireplace, and original character details. The second level features two bedrooms, a full bathroom, additional rooms, and a kitchen. It can function as an attached suite or as a separate unit while remaining connected to the main home. The property is located on W 136th Street in Cleveland’s West Park/Jefferson district, near the Lorain commercial corridor, West 117th Street, Jefferson Park, RTA, highway access, and Hopkins International Airport.
The first floor includes an enclosed front porch, fireplace, and original character details. The second level features two bedrooms, a full bathroom, additional rooms, and a kitchen. It can function as an attached suite or as a separate unit while remaining connected to the main home. The property is located on W 136th Street in Cleveland’s West Park/Jefferson district, near the Lorain commercial corridor, West 117th Street, Jefferson Park, RTA, highway access, and Hopkins International Airport.
Key Highlights
- Four‑bedroom duplex with two bedrooms on each of the main and second floors
- Three full bathrooms located in the basement, first floor, and second floor
- Second level includes a kitchen, additional rooms, two bedrooms, and a full bathroom
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 | $27.4k | $17.16 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $25.7k | $16.11 |
| − OpEx | −$11.6k | −$7.25 |
| NOI | $14.2k | $8.86 |
1,598 SF · lease $17.16/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.6K
$222.8K – $297.0K
NOI $17,822 @ 7.0% cap · market cap 10.18%
Second Best
Apartment 5plus
$202.3K
$177.0K – $236.0K
NOI $14,162 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$300.9K
$263.3K – $351.0K
NOI $21,062 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
657
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 - Four-bedroom layout with three full bathrooms and a second-level kitchen and living arrangement.
Where is this duplex located?
The property is located at 3847-3849 W 136th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four‑bedroom duplex with two bedrooms on each of the main and second floors; Three full bathrooms located in the basement, first floor, and second floor; Second level includes a kitchen, additional rooms, two bedrooms, and a full bathroom
