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Three-Unit Multifamily Property
New
For Sale
$165,000

957 PARKWAY ROAD, Cleveland, OH 44108

MULTI_FAMILY - CLEVELAND, OH

Property Size4,265 SF
Price / SF$38.69
Days on Market2

Property Features for 957 PARKWAY ROAD

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2
Subdivision ADAMS REALTY
Standard status Active
Size 4,265 SF

Building Details

Year built 1900
Listing Agency: Schmidt Realty · Coldwell Banker Real Estate
Listed By: Christopher Frederick · License #426983
Added: Aug 13 Last Checked: Aug 14 at 6:06AM
MLS# 5199471

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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.

This three-unit multifamily property in Cleveland contains 4,265 square feet and was built in 1900. The building includes seven listed bedrooms, with each unit currently rented. Interior areas have been maintained and provide practical residential layouts for the existing occupants.

Located at 957 Parkway Road in Cleveland, Ohio, the property is within Cuyahoga County and carries the 44108 ZIP Code. Minor exterior repairs are needed, creating a defined scope for improving the building’s exterior presentation while maintaining its existing residential configuration.

Key Highlights

  • Three‑unit multifamily property with all units currently rented
  • 4,265 square feet of building area
  • Seven listed bedrooms across the property

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units are currently rented and include functional interior layouts with an opportunity for exterior improvements.
Where is this triplex located?
The property is located at 957 PARKWAY ROAD 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: Three‑unit multifamily property with all units currently rented; 4,265 square feet of building area; Seven listed bedrooms across the property
More about this property
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