Renovated
New
For Sale
$299,000
4511 Fenwick Avenue, Cleveland, OH 44102
ResidentialIncome, Cleveland, OH
Property Size2,304 SF
Lot Size0.18 Acres
Price / SF$129.77
Days on Market4
Property Features for 4511 Fenwick Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 3
Parking features
Garage, On Street
Subdivision
Taylor & Hoyt
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Off w 44th St
Special listing conditions
In Foreclosure
Standard status
Active
APN
006-22-037
Size
2,304 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
48 T&H S/L 303 NWP 0302 NEP
Tax Annual Amount
1751
Legal Description
48 T&H S/L 303 NWP 0302 NEP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Century 21 Homestar · Century 21 Real Estate
(440) 449-9100
Listed By:
Shane Reid · License #429738
(330) 577-7080
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 11 at 4:06AM
MLS# 5251493
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 contains approximately 2,304 square feet on a 0.1793-acre lot. A top-to-bottom renovation has been completed, and the property is in rental use. The home was built in 1900 and has vinyl siding, forced-air heating, and an asphalt and fiberglass roof.
Parking includes a garage and on-street spaces. The property is served by public water and public sewer.
Parking includes a garage and on-street spaces. The property is served by public water and public sewer.
Key Highlights
- Approximately 2,304 square feet of living space
- 0.1793‑acre lot
- Top‑to‑bottom renovation completed; property is in rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,547
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,940
$510.9K
Cap Rate 7%
$364,957
$365.0K
Cap Rate 9%
$283,856
$283.9K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$48.4K $21.00/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$46.4K $20.16/SF
− OpEx
−$20.9K −$9.07/SF
NOI
$25.5K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,940
Cap Rate 7%
$364,957
Cap Rate 9%
$283,856
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.2K – $459.0K
NOI $27,539 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$562.2K
$492.0K – $656.0K
NOI $39,357 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - A substantially renovated duplex with established rental use and garage parking.
Where is this duplex located?
The property is located at 4511 Fenwick Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 2,304 square feet of living space; 0.1793‑acre lot; Top‑to‑bottom renovation completed; property is in rental use
