Duplex with Walkout
New
For Sale
$310,000
4912 Franklin Boulevard, Cleveland, OH 44102
ResidentialIncome, Cleveland, OH
Property Size2,406 SF
Lot Size0.09 Acres
Price / SF$128.84
Days on Market5
Property Features for 4912 Franklin Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features
Garage, Off Street, Driveway
Interior features
BuiltInFeatures, CeilingFans, HighCeilings, LaminateCounters
Appliances
Dryer, Dishwasher, Refrigerator, Washer
Lot features
City Lot
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Near W. 50th and Franklin
Standard status
Active
APN
002-14-045
Size
2,406 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
49 BALDWIN S/L 104 TRI 0120 SP
Tax Annual Amount
5699
Legal Description
49 BALDWIN S/L 104 TRI 0120 SP
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Building materials
AluminumSiding
Roof type
Fiberglass, Asphalt
Listing Agency:
RE/MAX Above & Beyond · RE/MAX International
(440) 835-7200
Listed By:
Roger J Scheve · License #445006
(440) 477-1188
Added: Oct 3
Last Checked: Oct 7 at 8:06AM
MLS# 5250312
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 2,406-square-foot duplex, built in 1910, contains two apartments. The first-floor residence has one bedroom, a living room, sunroom, and eat-in kitchen, along with a washer and dryer. Upstairs, the three-bedroom unit includes living and dining rooms and a kitchen. Both apartments share gas and electric service. The property is expected to be vacant at delivery.
A full walkout basement, one-car block garage, driveway, and parking pad provide additional utility. The 0.0901-acre parcel is in Cleveland’s Ohio City Historic District. Aluminum siding and vinyl replacement windows are among the building’s exterior features.
A full walkout basement, one-car block garage, driveway, and parking pad provide additional utility. The 0.0901-acre parcel is in Cleveland’s Ohio City Historic District. Aluminum siding and vinyl replacement windows are among the building’s exterior features.
Key Highlights
- Two‑unit duplex with 2,406 square feet
- First‑floor apartment has one bedroom, sunroom, eat‑in kitchen, and in‑unit washer and dryer
- Upper apartment includes three bedrooms, living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,678
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,560
$533.6K
Cap Rate 7%
$381,114
$381.1K
Cap Rate 9%
$296,422
$296.4K
Market Conditions
NOI Build-Up for 2,406 SF
Gross rent
$50.5K $21.00/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$48.5K $20.16/SF
− OpEx
−$21.8K −$9.07/SF
NOI
$26.7K $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%
$533,560
Cap Rate 7%
$381,114
Cap Rate 9%
$296,422
Alternative Uses
Best Use
Multifamily LT 5
$410.8K
$359.5K – $479.3K
NOI $28,758 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$381.1K
$333.5K – $444.6K
NOI $26,678 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$587.1K
$513.8K – $685.0K
NOI $41,100 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,080
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 - Two apartments offer distinct one- and three-bedroom layouts, with laundry equipment in the lower unit.
Where is this duplex located?
The property is located at 4912 Franklin Boulevard Cleveland, OH.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,406 square feet; First‑floor apartment has one bedroom, sunroom, eat‑in kitchen, and in‑unit washer and dryer; Upper apartment includes three bedrooms, living room, dining room, and kitchen
