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Renovated Duplex
For Sale
$155,000

7222 Dearborn Ave, Cleveland, OH 44102

Two separately leased units offer a five-bedroom, two-bathroom residential income property.

Property Size1,832 SF
Price / SF$84.61
Days on Market26

Property Features for 7222 Dearborn Ave

General Information

Standard status Active
Size 1,832 SF
Property subtype Residential Income
Occupancy 100%

Financials

Gross Income $21,600
Average Monthly Rent $900

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,452

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Key Realty
Listed By: Joshua Janus
Source: Exprealty
Added: Aug 6 Changed: Aug 22 Last Checked: Aug 30 at 7:37PM

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 Key Realty

Investment Insights

Based on property information with market context.

This 1,832-square-foot duplex contains two apartments with a combined five bedrooms and two bathrooms. The upper unit has three bedrooms and one bathroom, while the lower unit includes two bedrooms and one bathroom. Both apartments are leased month to month and were renovated a few years ago with LVP flooring, updated paint and trim, improved lighting, remodeled kitchens, and remodeled bathrooms.

The exterior includes vinyl windows, a shared large front porch, and new stairs. The property is located in Cleveland’s West Boulevard neighborhood at 7222 Dearborn Ave.

Key Highlights

  • 1,832‑square‑foot duplex with 5 bedrooms and 2 bathrooms
  • Upper 3‑bedroom/1‑bath unit and lower 2‑bedroom/1‑bath unit
  • Both apartments are leased on a month‑to‑month basis

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Accounting Firm Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately leased units offer a five-bedroom, two-bathroom residential income property.
Where is this duplex located?
The property is located at 7222 Dearborn Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,832‑square‑foot duplex with 5 bedrooms and 2 bathrooms; Upper 3‑bedroom/1‑bath unit and lower 2‑bedroom/1‑bath unit; Both apartments are leased on a month‑to‑month basis
More about this property
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