Duplex with Third-Floor
For Sale
$175,500
9223 Adams Ave, Cleveland, OH 44108
Two vacant apartments are ready for occupancy, with additional rooms and utility connections on the upper level.
Property SizeContact for details
Days on Market20
Property Features for 9223 Adams Ave
General Information
Standard status
Active
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$939
Listing Agency:
Home Equity Realty Group
Listed By:
Kim Lewis · License #2017004453
(330) 952-2244
Source:
Exprealty
Added: Sep 19
Changed: Oct 5
Last Checked: Oct 7 at 4:20PM
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 Home Equity Realty Group
Investment Insights
Based on property information with market context.
This Cleveland duplex contains two apartments, each configured with 2 bedrooms and 1 bathroom. The units are vacant and described as rent ready, and the property has Lead Safe Certification. The third floor includes two additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room. The building was previously used as a triplex; restoring another unit or reconfiguring the upper level would require current City of Cleveland zoning and approvals.
The property is in Cleveland’s 44108 Glenville area, minutes from University Circle, Case Western Reserve University, Cleveland Clinic, and University Hospitals. Combined HUD Fair Market Rent is stated as $2,320 per month, and the property is underwritten at a 10.09% cap rate in its current configuration.
The property is in Cleveland’s 44108 Glenville area, minutes from University Circle, Case Western Reserve University, Cleveland Clinic, and University Hospitals. Combined HUD Fair Market Rent is stated as $2,320 per month, and the property is underwritten at a 10.09% cap rate in its current configuration.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- Vacant and rent ready; Lead Safe Certified
- Third floor has 2 additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 44108, OH
20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments are ready for occupancy, with additional rooms and utility connections on the upper level.
Where is this duplex located?
The property is located at 9223 Adams Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $175,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; Vacant and rent ready; Lead Safe Certified; Third floor has 2 additional bedrooms, a full bathroom, kitchen plumbing and electrical, and a great room
