Two-Unit
For Sale
$364,000
912 Starkweather Avenue, Cleveland, OH 44113
Both residences are occupied, with a three-bedroom layout in one and two bedrooms in the other.
Property Size1,974 SF
Price / SF$184.40
Days on Market105
Property Features for 912 Starkweather Avenue
General Information
Standard status
Active
Size
1,974 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Industrial Flats
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,602
Building Details
Building Size
1,974 SF
Year Built
1870
Buildings
1
Listing Agency:
Keller Williams Elevate
Listed By:
Ahren L Booher · License #2010002612
(440) 537-4502
Source:
Lifestagesrealty
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 27 at 3:53AM
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 Keller Williams Elevate
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Investment Insights
Based on property information with market context.
This 1,974-square-foot duplex in Cleveland contains two occupied residences. One unit has three bedrooms and one bathroom; the other has two bedrooms and one bathroom. The property was built in 1870.
Key Highlights
- Two‑unit duplex totaling 1,974 square feet
- One unit has 3 bedrooms and 1 bathroom; the other has 2 bedrooms and 1 bathroom
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,595
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,900
$471.9K
Cap Rate 7%
$337,071
$337.1K
Cap Rate 9%
$262,167
$262.2K
Market Conditions
NOI Build-Up for 1,974 SF
Gross rent
$35.3K $17.88/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$33.7K $17.08/SF
− OpEx
−$10.1K −$5.12/SF
NOI
$23.6K $11.95/SF
Area
Cleveland, OH
Vacancy
4.50%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,900
Cap Rate 7%
$337,071
Cap Rate 9%
$262,167
Alternative Uses
Best Use
Multifamily LT 5
$337.1K
$294.9K – $393.3K
NOI $23,595 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,888 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$481.7K
$421.5K – $562.0K
NOI $33,720 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with a three-bedroom layout in one and two bedrooms in the other.
Where is this duplex located?
The property is located at 912 Starkweather Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,974 square feet; One unit has 3 bedrooms and 1 bathroom; the other has 2 bedrooms and 1 bathroom; Both units are currently occupied
