Property Description

Investor opportunity! This occupied duplex offers immediate rental income with added upside. In addition to the two primary units, the property features a finished third floor with 2 bedrooms and 1 bathroom?providing additional living space and potential for increased rental income. While the property may need some TLC, it presents a strong value-add opportunity for investors looking to make upgrades, increase rents, and maximize returns. Ideal for those seeking a multi-unit with built-in income and long-term growth potential.

1872 Torbenson Drive | MLS# 5195094

This multi-family property located at 1872 Torbenson Drive, Cleveland, OH 44112 is currently listed for sale with an asking price of $79,500. Torbenson Drive is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 2949cortonaroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Unfinished

Basement: Yes

Cooling: None

Days on Market: 26

Garage: 2

Heating: Forced Air

Lot Size: 0.12 Acres

Roof Type: Asphalt

Stories: 3.0

Taxes: $1,991 / year

Year Built: 1926

Feature Descriptions

Exterior: Frame

Parcel#: 117-21-007

Parking: Driveway, On Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 1872 Torbenson Drive, Cleveland, OH 44112

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 593.19 per month $404.09 Principal & Interest $165.92 Property Tax $23.19 Homeowner's Insurance

Change Payment Information

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1872 Torbenson DriveCleveland, OH 44112