🏘️ Investing in Cleveland Heights Real Estate: Duplexes vs. Triplexes

If you're eyeing real estate in Cleveland Heights, Ohio, knowing the pros and cons between duplexes and triplexes is critical. With price shifts and rising rental opportunities, both options present unique paths to profitability.

📊 Market Overview: 2022 vs. 2024

• Duplexes

  • 2022 Avg. Price: $222,000

  • 2024 Avg. Price: $277,000

  • Range: $13,000 – $430,000

• Triplexes

  • 2022 Avg. Price: $226,000

  • 2024 Avg. Price: $251,000

🏡 Duplexes: Pros & Cons

Pros:

• Popular with owner-occupants

• Potential to live in one unit and rent the other

• Lower entry point for first-time investors

Cons:

• High property taxes in Cleveland Heights can reduce returns

• Wide price variability may require deeper due diligence

🏢 Triplexes: A Lucrative Alternative

Triplexes bring the benefit of increased rental units and stronger cash flow.

• 2024 Avg. Price: $251,000

• Potential Income: Up to $2,000/unit monthly via programs like Section 8

• Challenges: Less buyer demand, more tenants = more management

IN PARTNERSHIP WITH UNION CAPITAL MORTGAGE

🏡 Choose Your Dream Home — We'll Handle the Rest!

Ready to make your homeownership dreams a reality? Mike Buynak, Managing Partner (NMLS #728205), is here to guide you every step of the way. With expert mortgage solutions tailored to your needs, Mike makes financing simple, fast, and stress-free. Whether you're buying your first home or upgrading to your forever home, trust experience that delivers results.

📞 Call Mike today at 234-380-1703 or 440-533-5901.
📑 Start your application here: Apply Now

NMLS 728205
LO .043464.000
LO35263
Cell- 440-533-5901

💸 Cap Rate Spotlight: Triplex Example

• Purchase Price: $251,000

• Gross Annual Income: ~$72,000

• Estimated Cap Rate: 17.2%

A cap rate this high represents strong ROI, especially in a high-demand rental area.

⚠️ Buyer Beware: What You Must Consider

1. High Property Taxes
Taxes can impact your net operating income, so adjust expectations accordingly.

2. POS (Point of Sale) Inspections
Cleveland Heights requires inspections before transfer. If violations exist:

• Seller must fix OR

• Buyer must assume and repair within timeline

📍 Where to Invest in Cleveland Heights

Focus on:
✅ Middle and Southern neighborhoods (away from East Cleveland)
✅ Areas with better comps and rental demand
✅ Stable tenant profiles

➡️ Suggested Infographic:
Cleveland Heights Map Highlight – Safe investment zones shaded or pinned

🧠 Final Thoughts

Both duplexes and triplexes have their place in your portfolio.

• Duplexes offer simplicity and owner-occupant flexibility

• Triplexes drive stronger cash flow and cap rates

Your strategy should reflect your:
🔹 Financial goals
🔹 Risk appetite
🔹 Management capacity

👨‍💼 Need Help Choosing Between a Duplex or Triplex in Cleveland Heights?

📲 Tyler Finkler, Appraiser & Realtor
🔗 www.FinklerRealEstateServices.com
📞 216-217-0223
✉️ [email protected]

Whether you're buying, selling, or just need guidance clearing POS violations — I'm here to help you close confidently.

The C.R.E.I Off-Market Deals 🔍💰

Your inside track to Cleveland’s hidden real estate deals, investor insights, and untapped opportunities.

454 E 260th St, Euclid, OH 44132

• SFR | 3b/2b | 1,364sf | 1942

• ARV: $165,000

• Purchase Price: $120,000

• Current Income: $1,100/mo (Section 8)

• Market Income: $1,500/mo

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Until next week,
Cleveland Real Estate Investors
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