Renovated 3-Unit
New
For Sale
$399,999
9907 Denison Avenue, Cleveland, OH 44102
ResidentialIncome, Cleveland, OH
Property Size3,040 SF
Lot Size0.13 Acres
Price / SF$131.58
Days on Market2
Property Features for 9907 Denison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
11
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 4, Bedroom 5, Bedroom 9, Bedroom 6, Bedroom 7, Bedroom 1, Laundry Room, Bathroom 1, Bathroom 6, Bedroom 11, Bathroom 3, Basement, Bedroom 10, Bathroom 2, Bedroom 4
Subdivision
Pletscher
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
South off Lorain
Standard status
Active
APN
017-19-004
Size
3,040 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
14 PLETSCHER 0004 ALL
Tax Annual Amount
3895
Legal Description
14 PLETSCHER 0004 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Building materials
AluminumSiding, VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Jack Krusinski · License #2021004622
(216) 789-6736
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 8:06AM
MLS# 5257146
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.
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Investment Insights
Based on property information with market context.
This 3,040-square-foot triplex contains three distinct residences: a 4-bedroom, 1.5-bath unit, a 5-bedroom, 2-bath unit, and a 2-bedroom, 1-bath unit. The property was renovated 1.5 years before listing, with work extending to the roof, windows, furnaces, hot water tanks, electrical panels, wiring, plumbing, drywall, and exterior siding. Interior finishes include LVP flooring, recessed lighting, granite counters, white soft-close cabinetry, stainless steel appliances, and tiled bathrooms with updated vanities.
The 0.13-acre property includes six off-street parking spaces. Public water and sewer serve the building. Constructed in 1910, the triplex is heated by forced-air systems.
The 0.13-acre property includes six off-street parking spaces. Public water and sewer serve the building. Constructed in 1910, the triplex is heated by forced-air systems.
Key Highlights
- Three units: 4 bedrooms/1.5 baths, 5 bedrooms/2 baths, and 2 bedrooms/1 bath
- 3,040 SF building on a 0.13‑acre lot
- Six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,336
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,720
$726.7K
Cap Rate 7%
$519,086
$519.1K
Cap Rate 9%
$403,733
$403.7K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$54.4K $17.88/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$51.9K $17.08/SF
− OpEx
−$15.6K −$5.12/SF
NOI
$36.3K $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 Rate 5%
$726,720
Cap Rate 7%
$519,086
Cap Rate 9%
$403,733
Alternative Uses
Best Use
Multifamily LT 5
$519.1K
$454.2K – $605.6K
NOI $36,336 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 8.43%
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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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
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View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied bedroom and bath configurations, refreshed interiors, and off-street parking.
Where is this triplex 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: Three units: 4 bedrooms/1.5 baths, 5 bedrooms/2 baths, and 2 bedrooms/1 bath; 3,040 SF building on a 0.13‑acre lot; Six off‑street parking spaces
