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Renovated Duplex with Two Units
For Sale
$156,500

723 E 162nd Street, Cleveland, OH 44110

MULTI_FAMILY - Cleveland, OH

Property SizeContact for details
Lot Size0.16 Acres
Days on Market8

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 Bathroom 1, Bathroom 2, Basement, Bedroom 2, Laundry Room, Bedroom 4, Bedroom 3, Bedroom 1
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

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: Aug 10 Last Checked: Aug 14 at 6:06PM
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 two-bedroom, one-bath units, each with its own front and rear porch. Both residences have fresh paint, new flooring, updated kitchen cabinetry, range and refrigerator appliances, and access to laundry hookups in the basement. Major renovations completed in 2025 include a new roof, windows, furnaces, and hot water tanks, along with updated electrical panels and plumbing.

Built in 1925, the property sits on 0.1552 acres at 723 E 162nd Street in Cleveland, Ohio. The home has vinyl siding, forced-air heating, a shingle roof, a driveway, public water, and public sewer. The Collinwood neighborhood and 44110 postal area provide the surrounding residential context.

Key Highlights

  • Two 2‑bedroom, 1‑bath units
  • Renovated in 2025 with updated electrical panels and plumbing
  • New roof, windows, furnaces, and hot water tanks

Property Analytics

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

396
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Updated two-unit property with refreshed kitchens, major mechanical improvements, and separate front and rear porches.
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 $156,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Renovated in 2025 with updated electrical panels and plumbing; New roof, windows, furnaces, and hot water tanks
More about this property
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