5101 Herman AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44102
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $150
Subdivision S S Stones
MLS Listing ID 5142169
Bedrooms 6
Full Baths 3
Year Built 1920
Annual Tax Amount $3,970
Tax Year 2024
Lot Size 3,301 Sqft
Property Sub-Type Triplex
Property Description
Welcome to 5101 Herman Avenue, a unique triplex opportunity in one of Cleveland's most dynamic and fast-growing neighborhoods. This rare property features two buildings on one lot ? a front duplex with two spacious units, and a rear single-family home ? offering flexible rental configurations and strong cash flow potential. Positioned in the heart of Detroit-Shoreway, this property is surrounded by some of Cleveland's most exciting attractions. Tenants will love being just minutes from the Gordon Square Arts District, where indie theaters, art galleries, coffee shops, and breweries make it a cultural hotspot. Enjoy Edgewater Park and Lake Erie's beaches less than a 10-minute walk, perfect for summer draw and long-term tenant satisfaction. Located in an Opportunity Zone, 5101 Herman offers potential tax advantages for savvy investors, while the ongoing neighborhood development signals strong appreciation upside. Whether you're looking for long-term tenants, short-term rentals, or a house-hack setup, this triplex checks all the boxes. Recent updates, good care from a local owner, solid bones, and separate entrances/utilities make this a low-hassle, high-reward investment. With high rental demand and a walkable, transit-friendly location near downtown Cleveland, Ohio City, and Tremont, this property won't stay on the market long.
Location
State OH
County Cuyahoga
Community Public Transportation
Interior
Heating Forced Air,Gas
Cooling Ceiling Fan(s),Window Unit(s)
Laundry Washer Hookup,Gas Dryer Hookup,In Basement
Exterior
Exterior Feature Awning(s)
Parking Features None,On Street
Community Features Public Transportation
Waterfront Description Lake Front
View Y/N Yes
View Beach,City Lights,City,Lake
Roof Type Asphalt,Fiberglass
Building
Lot Description Back Yard,Interior Lot,Lake Erie Front,Lake Front
Story 4
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),Private Financing Available
Listing Terms Cash,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),Private Financing Available
Special Listing Condition Standard