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    Fixer-Upper Duplex Investment Title is generated by Realmo AI

    8100 Simon Avenue, Cleveland, OH 44103

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    For Sale
    $30,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    2,105 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $14/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 8100 Simon Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bathroom 1
    Parking features
    Driveway, Garage
    Standard status
    Active
    APN
    107-05-105
    Size
    2,105 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    375 BAUER 0032 ALL
    Tax Annual Amount
    377

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Asphalt, Fiberglass

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    Listing Contact
    Keyano Burgess

    Listing agent Keyano Burgess License #2022000189

    Listing office Lokal Real Estate, LLC. 7043 Pearl Road Suite 250, Cleveland, OH

    Listing date Jun 2, 2026

    MLS# 5215199 Listing URL

    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.

    HighLights

    • Fixer‑upper duplex at 8100 Simon Ave (44103 ZIP) being sold as‑is; seller will make no repairs
    • Year built 1910 with wood siding exterior; asphalt/fiberglass roof
    • Natural gas forced‑air heating; public water and public sewer service
    • Garage and driveway parking available
    • Room layout includes 4 bedrooms, 2 bathrooms, and a basement (Bedroom 1–4 and Bathroom 1–2)
    • Remarks indicate potential Section 8 rent up to $1,209/month for a 2‑bedroom unit and up to $2,418/month total if both units are stabilized and approved

    Overview

    This is an as-is fixer-upper duplex in Cleveland, offering two rental units with significant renovation needs throughout. The property is well-suited for buyers prepared to manage a heavy value-add scope and oversee full due diligence before committing funds. With seller no repairs, the duplex requires an investor approach focused on rehab planning, budgeting, and re-stabilization after improvements.

    The duplex is located in the 44103 ZIP code and is positioned for convenience to major local employment and healthcare destinations. Public remarks note it is less than 10 minutes from Downtown Cleveland and University Circle, and near Cleveland Clinic Main Campus, creating a rental-oriented setting with straightforward access to key areas.

    Given the condition and the “investor special” nature of the asset, this property may fit investors targeting a BRRRR strategy, a contractor-led renovation, or a renovation-and-hold approach once units are stabilized. The best use for this duplex is likely for experienced buyers who can bring capital and execution capability, run realistic renovation projections, and evaluate tenant-ready outcomes for both units. Proceed with caution and confirm all details during your due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.631708
    Latitude
    41.526912

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    FAQs

    What type of property is this?
    Duplex - As-is duplex with both units needing major renovation, offering value-add potential for experienced investors and contractors.
    Where is this duplex located?
    The property is located at 8100 Simon Avenue Cleveland, OH.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Fixer‑upper duplex at 8100 Simon Ave (44103 ZIP) being sold as‑is; seller will make no repairs; Year built 1910 with wood siding exterior; asphalt/fiberglass roof; Natural gas forced‑air heating; public water and public sewer service
    (216) 387-7220
    We can help!
    Listing Contact
    Keyano Burgess
    Real Estate License ID: 2022000189
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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