Multifamily
9907 Denison Avenue, Cleveland, OH 44102
For Sale
New
$399,999
The 1910-built property has forced-air heating and an unfinished interior area.
Property Size3,040 SF
Price / SF$131.58
Days on Market7
Property Features for 9907 Denison Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
None, Forced Air
Unfinished
Asphalt, Paved
Building Details
Year Built
Buildings
Stories
Listing Agency:
EXP Realty
Listed By:
Jack Krusinski · License #2021004622
(216) 789-6736
Source:
Evrealestate
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 9:38AM
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 EXP Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 9907 Denison Avenue in Cleveland contains 3,040 square feet. Built in 1910, it has forced-air heating and an unfinished interior area. The exterior includes asphalt paving.
Key Highlights
- 3,040‑square‑foot multifamily property
- Built in 1910
- Forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,708
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,160
$674.2K
Cap Rate 7%
$481,543
$481.5K
Cap Rate 9%
$374,533
$374.5K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$63.8K $21.00/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$61.3K $20.16/SF
− OpEx
−$27.6K −$9.07/SF
NOI
$33.7K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,160
Cap Rate 7%
$481,543
Cap Rate 9%
$374,533
Alternative Uses
Best Use
Apartment 5plus
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.9K
$649.1K – $865.5K
NOI $51,930 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 44102, OH
43,347
Population
22,984
Households
1.9
Avg Household Size
35
Median Age
25%
College-Educated
80%
High-School Grad
6.1 sq mi
ZIP Area
7,106
Density / Sq Mi
$40,303
Median Household Income
$34,958
Median Earnings
$911
Median Rent
$99,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Cleveland, OH
Properties on Market for Multifamily properties in Cleveland
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1910-built property has forced-air heating and an unfinished interior area.
Where is this multifamily property located?
The property is located at 9907 Denison Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 3,040‑square‑foot multifamily property; Built in 1910; Forced‑air heating
