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Triplex with Stabilized Tenancy
For Sale
$165,000

957 Parkway Rd, Cleveland, OH 44108

Three occupied units offer an established rental configuration with functional interiors and exterior improvement potential.

Property Size4,265 SF
Price / SF$38.69
Days on Market137

Property Features for 957 Parkway Rd

General Information

Standard status Active
Size 4,265 SF
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,313
Listing Agency: Coldwell Banker Schmidt Realty
Listed By: Christopher A Frederick · License #426983
Source: Exprealty
Added: Apr 10 Changed: Aug 20 Last Checked: Aug 23 at 3:57AM

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 Coldwell Banker Schmidt Realty

Investment Insights

Based on property information with market context.

This triplex at 957 Parkway Rd in Cleveland, OH contains three residential units within 4,265 square feet. All units are currently rented, and the interiors have been maintained with practical layouts suited to ongoing occupancy. The property is not participating in Section 8 housing assistance.

Minor exterior repairs remain, creating a defined improvement scope for a new owner. Showings are available after an accepted offer, and tenants are not to be disturbed.

Key Highlights

  • Triplex configuration with three residential units
  • 4,265 square feet of total property size
  • All three units are currently rented

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three occupied units offer an established rental configuration with functional interiors and exterior improvement potential.
Where is this triplex located?
The property is located at 957 Parkway Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Triplex configuration with three residential units; 4,265 square feet of total property size; All three units are currently rented
More about this property
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