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Renovated Duplex
For Sale
$155,000

723 E 162nd Street, Cleveland, OH 44110

ResidentialIncome, Cleveland, OH

Property SizeContact for details
Lot Size0.16 Acres
Days on Market63

Property Features for 723 E 162nd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Basement, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features Driveway
Appliances Range, Refrigerator
Subdivision Crosby
Elementary school district Cleveland Municipal - 1809
Middle school district Cleveland Municipal - 1809
High school district Cleveland Municipal - 1809
Directions East of E152nd St, North of Holmes
Standard status Active
APN 116-14-091
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 16 CROSBY FF 2 S/L 143 SP 0144 ALL
Tax Annual Amount 2454
Legal Description 16 CROSBY FF 2 S/L 143 SP 0144 ALL

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Amenities

porch
laundry hookups

Building Details

Year built 1925
Floors in Building 2
Building materials VinylSiding
Roof type Shingle
Listing Agency: EXP Realty, LLC.
Listed By: Mary Beth Frye · License #2015003461
Added: Aug 7 Changed: Oct 7 Last Checked: Oct 8 at 12:06AM
MLS# 5234836

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 two apartments, each with two bedrooms and one bathroom. Both have updated kitchens with new cabinetry, fresh flooring and paint, appliances, and access to basement laundry hookups. Each apartment also has a porch at the front and rear.

Major work completed in 2025 included a new roof, windows, furnaces, and hot water tanks, along with updated electrical panels and plumbing. The property was built in 1925 on a 0.1552-acre lot and has driveway parking, public water, and public sewer.

Key Highlights

  • Two apartments, each with 2 bedrooms and 1 bathroom
  • Renovation work completed in 2025, including new roof, windows, furnaces, and hot water tanks
  • Updated electrical panels and plumbing

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom Garden Center Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

641
Businesses Nearby

Demographics for 44110, OH

17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 separate apartments offer matching two-bedroom layouts and private porch access.
Where is this duplex located?
The property is located at 723 E 162nd Street 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: Two apartments, each with 2 bedrooms and 1 bathroom; Renovation work completed in 2025, including new roof, windows, furnaces, and hot water tanks; Updated electrical panels and plumbing
More about this property
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