5101 Herman Avenue, Cleveland, OH 44102
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:kevin ramsammy
Office:re/max above & beyond
MLS#:5142169
Source:OH_NORMLS
Price summary
- Price:$309,900
- Price per sq. ft.:$150
About this home
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.
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Home facts
- Year built:1920
- Listing Id #:5142169
- Added:18 day(s) ago
- Updated:August 16, 2025 at 02:13 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,066 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1920
- Building area:2,066 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$309,900
- Price per sq. ft.:$150
- Tax amount:$3,970 (2024)
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