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Income Producing Triplex For Sale
For Sale
$220,000

7918 Madison Avenue, Cleveland, OH 44102

Triplex with three units and ample parking.

Property SizeContact for details
Lot Size0.21 Acres
Days on Market373

Property Features for 7918 Madison Avenue

General Information

Standard status Active
Lot size 0.21 Acres
Property subtype Triplex

Amenities

Forced Air
Range
Refrigerator
Asphalt, Fiberglass

Building Details

Year Built 1912
Stories 2
Listing Agency: Greater Metropolitan
Listed By: Lori Dague · License #2018002168
Source: Kw
Added: Aug 24, 2025 Changed: Aug 27 Last Checked: Aug 31 at 1:30AM

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 Greater Metropolitan

Investment Insights

Based on property information with market context.

This property is a triplex with three units. Two of the units feature two bedrooms and one bathroom each. The top floor unit includes three bedrooms and one bathroom. The property has a large lot with parking available for tenants. A two-car garage is located on the premises. The owner has completed some updates to all three units since purchasing the property. It is an income-producing property.

Key Highlights

  • Income‑producing triplex presents an investment opportunity.
  • Three units: two 2‑bed/1‑bath units and one 3‑bed/1‑bath unit.
  • Large lot with ample parking for tenants.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Spa & Massage Center Skin Care Clinic Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

840
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with three units and ample parking.
Where is this triplex located?
The property is located at 7918 Madison Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Income‑producing triplex presents an investment opportunity.; Three units: two 2‑bed/1‑bath units and one 3‑bed/1‑bath unit.; Large lot with ample parking for tenants.
More about this property
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