Updated Triplex with Roof
For Sale
$663,500
6110 W Clinton Ave, Cleveland, OH 44102
Three-unit property with separate utilities, a three-car garage, and multiple outdoor areas.
Property Size3,666 SF
Price / SF$180.99
Days on Market297
Property Features for 6110 W Clinton Ave
General Information
Standard status
Active
Size
3,666 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,634
Amenities
in-suite laundry
private roof deck
front porch
garage
off-street parking
outdoor green space
modern kitchens
modern bathrooms
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(440) 479-4681
Listed By:
Julie A Marous · License #2014001453
(440) 479-4681
Source:
Exprealty
Added: Nov 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:25PM
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.
This 3,666-square-foot triplex contains three residential units, each with in-suite laundry and separate utilities. The first-floor residence offers two bedrooms, 1.5 baths, quartz kitchen counters, stainless appliances, original hardwood flooring, pocket doors, and a front porch. The second-floor unit includes two bedrooms, one bath, an eat-in kitchen, and a private roof deck. The third-floor residence has two bedrooms, two baths, contemporary finishes, and recently renovated bathrooms and mechanical systems.
The property also includes a three-car garage, additional off-street parking, and outdoor green space. The roof deck provides views toward the Capitol Theatre and surrounding Gordon Square, while the property is described as walkable to Edgewater Beach and neighborhood amenities. Its unit configuration, individual utilities, and updated interiors support both owner-occupancy and rental use.
The property also includes a three-car garage, additional off-street parking, and outdoor green space. The roof deck provides views toward the Capitol Theatre and surrounding Gordon Square, while the property is described as walkable to Edgewater Beach and neighborhood amenities. Its unit configuration, individual utilities, and updated interiors support both owner-occupancy and rental use.
Key Highlights
- 3,666 SF triplex with three 2‑bedroom units
- Unit mix includes 2 Bed/1.5 Bath, 2 Bed/1 Bath, and 2 Bed/2 Bath residences
- In‑suite laundry and separate utilities in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,819
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,380
$876.4K
Cap Rate 7%
$625,986
$626.0K
Cap Rate 9%
$486,878
$486.9K
Market Conditions
NOI Build-Up for 3,666 SF
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.
Gross rent
$65.5K $17.88/SF
− Vacancy
−$2.9K −$0.80/SF
EGI
$62.6K $17.08/SF
− OpEx
−$18.8K −$5.12/SF
NOI
$43.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,380
Cap Rate 7%
$625,986
Cap Rate 9%
$486,878
Alternative Uses
Best Use
Multifamily LT 5
$626.0K
$547.7K – $730.3K
NOI $43,819 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$894.6K
$782.8K – $1.04M
NOI $62,623 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
894
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with separate utilities, a three-car garage, and multiple outdoor areas.
Where is this triplex located?
The property is located at 6110 W Clinton Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $663,500.
What are key features of this property?
This property features: 3,666 SF triplex with three 2‑bedroom units; Unit mix includes 2 Bed/1.5 Bath, 2 Bed/1 Bath, and 2 Bed/2 Bath residences; In‑suite laundry and separate utilities in every unit
