Three-Unit Triplex with Short-Term
For Sale
$495,000
Pending
4210 Clinton Avenue, Cleveland, OH 44113
Two leased apartments accompany an upper unit set up for short-term stays, with laundry inside the units.
Property Size2,800 SF
Days on Market10
Property Features for 4210 Clinton Avenue
General Information
Standard status
Pending
Size
2,800 SF
Total Parking Spaces
3
Property subtype
Residential Income
Site & Location
Neighborhood
Ohio City
Highway Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,132
Amenities
in-unit laundry
Full
true
3
5
2800
Assessor
Public
0.14
false
Additional Parking,Alley Access,Common,Concrete,Direct Access,Driveway,Off Street,Private
1
Building Details
Building Size
2,800 SF
Year Built
1880
Tenancy
Multi
Listing Agency:
(304) 501-5212
Listed By:
Karen Ullom
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 11:58AM
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 Karen Ullom
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Investment Insights
Based on property information with market context.
At 4210 Clinton Avenue, this 2,800-square-foot triplex contains three units: two occupied long-term rentals and an upper apartment arranged for short-term rental use. The property was built in 1880 and has been partially renovated. Interior features include hardwood flooring, high ceilings, updated kitchen and bath finishes, and in-unit laundry. Three off-street parking spaces are available.
The property is in Cleveland’s Ohio City neighborhood, with West Side Market, Gordon Square Arts District, Edgewater Park, restaurants, cafes, and entertainment identified nearby. Highway access is also noted. The owner pays for water; tenants are responsible for gas and electric.
The property is in Cleveland’s Ohio City neighborhood, with West Side Market, Gordon Square Arts District, Edgewater Park, restaurants, cafes, and entertainment identified nearby. Highway access is also noted. The owner pays for water; tenants are responsible for gas and electric.
Key Highlights
- Three‑unit property with two occupied long‑term rentals and one short‑term rental unit
- 2,800 square feet; built in 1880
- Partially renovated with hardwood floors, high ceilings, and modern kitchen and bath finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,468
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,360
$669.4K
Cap Rate 7%
$478,114
$478.1K
Cap Rate 9%
$371,867
$371.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$50.1K $17.88/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$47.8K $17.08/SF
− OpEx
−$14.3K −$5.12/SF
NOI
$33.5K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,360
Cap Rate 7%
$478,114
Cap Rate 9%
$371,867
Alternative Uses
Best Use
Multifamily LT 5
$478.1K
$418.4K – $557.8K
NOI $33,468 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$683.3K
$597.9K – $797.2K
NOI $47,830 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
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Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Two leased apartments accompany an upper unit set up for short-term stays, with laundry inside the units.
Where is this triplex located?
The property is located at 4210 Clinton Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three‑unit property with two occupied long‑term rentals and one short‑term rental unit; 2,800 square feet; built in 1880; Partially renovated with hardwood floors, high ceilings, and modern kitchen and bath finishes
