10117 Somerset Avenue, Cleveland, OH 44108
Local realty services provided by:ERA Real Solutions Realty
Listed by: adrian frederick, christopher a frederick
Office: coldwell banker schmidt realty
MLS#:5255965
Source:OH_NORMLS
Price summary
- Price:$150,000
About this home
NEW REDUCED PRICE! ATTENTION INVESTORS! AFFORDABLE TRIPLEX WITH EXCELLENT INCOME POTENTIAL NEAR UNIVERSITY CIRCLE & WADE PARK! Fantastic opportunity to expand your investment portfolio with this spacious, nicely updated three-family property located near major universities, hospitals, and ongoing redevelopment! Situated in a high-demand rental corridor just minutes from University Circle's educational and medical campuses, this property offers convenient access to major employment centers, shopping, dining, and neighborhood amenities. Each of the three units features 2 bedrooms and 1 full bathroom with comfortable, functional layouts. The third-floor unit is currently tenant-occupied, with a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready, providing an excellent opportunity to generate additional rental income or explore owner-occupancy options! Numerous valuable improvements have already been completed, including updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Separate metering provides added convenience for utility management and operating efficiency. Investors will appreciate the flexibility of an existing tenant combined with two available units, offering the potential to increase rental income and maximize returns. Located on a quiet street near University Circle and Wade Park, this property offers an attractive combination of affordability, location, improvements, and long-term investment potential. Don't miss this opportunity to acquire a multifamily property in an active redevelopment area! IMPORTANT: Do not disturb third-floor tenant. Only first- and second-floor units may be shown prior to an accepted offer. Third-floor unit may be shown after an accepted offer. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase....
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Home facts
- Year built:1911
- Subdivision & Development:Superior Park
- Listing ID #:5255965
- Added:1 day(s) ago
- Updated:October 27, 2026 at 03:30 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
- Basement:Yes
- Basement Description:Unfinished
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1911
- Lot area:0.1 Acres
- Construction Materials:Aluminium Siding, Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$150,000
- Tax amount:$1,616 (2025)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:1
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