Two-Family Duplex with
For Sale
$364,000
912 Starkweather Avenue, Cleveland, OH 44113
ResidentialIncome, Cleveland, OH
Property Size1,974 SF
Lot Size0.07 Acres
Price / SF$184.40
Days on Market48
Property Features for 912 Starkweather Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking features
Garage
Subdivision
Pelton
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Turn right on to Starkweather Ave from W 14th St.
Standard status
Active
APN
004-14-022
Size
1,974 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
87 PELTON BREWSTER 0009 SEP
Tax Annual Amount
7602
Legal Description
87 PELTON BREWSTER 0009 SEP
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Ahren L Booher · License #2010002612
(440) 537-4502
Added: Jul 15
Changed: Aug 25
Last Checked: Aug 31 at 9:06AM
MLS# 5225726
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.
Located at 912 Starkweather Avenue in Cleveland’s Tremont area, this two-family duplex contains 1,974 square feet on a 0.0671-acre lot. The property was built in 1870 and includes two separate residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Both units are currently occupied, providing an existing rental configuration.
The building features vinyl siding, fiberglass and asphalt roofing, forced-air heating powered by natural gas, and central air conditioning. A garage provides on-site parking, while public water and public sewer serve the property. The two-unit layout and existing occupancy make the property suited to residential income ownership in Cleveland’s 44113 ZIP code.
The building features vinyl siding, fiberglass and asphalt roofing, forced-air heating powered by natural gas, and central air conditioning. A garage provides on-site parking, while public water and public sewer serve the property. The two-unit layout and existing occupancy make the property suited to residential income ownership in Cleveland’s 44113 ZIP code.
Key Highlights
- Two‑unit duplex with 1,974 square feet of building area
- Unit mix includes one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, supporting immediate use as a residential income property.
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 with 1,974 square feet of building area; Unit mix includes one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence; Both units are currently occupied
