Great opportunity in Ohio City to renovate a historic property built in 1903. Since the 1970s it has been a three unit apartment building. Each unit has a separate address. 5311 Franklin is on the first floor with one bedroom. 5313 Franklin is on the second floor with two bedrooms with the potential of a third bedroom on the third floor. 5315 Franklin is an up and down with two bedrooms. Total rents are estimated to be $8,000 monthly after renovation. Option two would be to split the parcel into two parcels, each with an up and down townhome For Sale in the $650,000 range.
Closed
$417,500
5311-5315 Franklin Ave, Cleveland, OH 44102
5beds
4,070sqft
Triplex, Multi Family
Built in 1903
-- sqft lot
$485,200 Zestimate®
$103/sqft
$2,076 Estimated rent
Home value
$485,200
$446,000 - $534,000
$2,076/mo
Zestimate® history
Owner options
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$2,076/mo
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$2,076/mo
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$2,964/mo
Est. payment
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$2,964/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Teri G Chmielewski 216-839-5500klrw297@kw.com,
Keller Williams Greater Metropolitan,
Ben Chmielewski 216-577-0114,
Keller Williams Greater Metropolitan
Bought with:
Meghan Mason, 2023000952
M. C. Real Estate
Source: MLS Now,MLS#: 5008800
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Basement: Common Basement,Partially Finished
Interior area
- Total structure area: 4,070
- Total interior livable area: 4,070 sqft
- Finished area above ground: 4,070
Property
Parking
- Parking features: Unpaved
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
- Fencing: Other
Lot
- Size: 4,116 Square Feet
- Features: Additional Land Available, Corner Lot, Wooded
Details
- Parcel number: 00233066
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick, Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Fixer
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: James M Hoyts & J Wade Jrs A
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $103/sqft
- Annual tax amount: $6,044
- Date on market: 1/2/2024
- Cumulative days on market: 47 days
- Tenant pays: Electricity, Gas, Heat
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 3/18/2026 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 2/23/2024 | Sold | $417,500+5.7%$103/sqft |
Source:  MLS Now #5008800 Report a problem | ||
| 2/23/2024 | Pending sale | $395,000$97/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 2/10/2024 | Contingent | $395,000$97/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 2/10/2024 | Price change | $395,000-12.2%$97/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 2/5/2024 | Pending sale | $450,000+13.9%$111/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 1/17/2024 | Contingent | $395,000$97/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 1/9/2024 | Listed for sale | $395,000-36.7%$97/sqft |
Source: MLS Now #5008800 Report a problem | ||
| 8/26/2023 | Listing removed | -- |
Source: MLS Now #4472833 Report a problem | ||
| 8/15/2023 | Price change | $624,500-2.3%$153/sqft |
Source: MLS Now #4472833 Report a problem | ||
| 7/24/2023 | Price change | $639,000-5.3%$157/sqft |
Source: MLS Now #4472833 Report a problem | ||
| 7/9/2023 | Listed for sale | $675,000+110.9%$166/sqft |
Source: MLS Now #4472833 Report a problem | ||
| 5/20/2022 | Sold | $320,000+18.6%$79/sqft |
Source: MLS Now #4355107 Report a problem | ||
| 3/19/2022 | Pending sale | $269,900$66/sqft |
Source: MLS Now #4355107 Report a problem | ||
| 3/15/2022 | Listed for sale | $269,900$66/sqft |
Source: MLS Now #4355107 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Detroit Shoreway
Nearby homes
- $477,8001 bd1 ba1k sqft5311 Franklin Blvd, Cleveland, OH 44102Off Market
- $--5 bd4 ba4k sqft5311 Franklin Blvd #5315, Cleveland, OH 44102Off Market
- $--2 bd1 ba-- sqft5313 Franklin Blvd, Cleveland, OH 44102Off Market
- $8,600435 Square Feet5309 Franklin Blvd, Cleveland, OH 44102Off Market
- $264,4006 bd2 ba2.5k sqft1761 W 54th St, Cleveland, OH 44102Off Market
- $208,8004 bd2 ba1.8k sqft5301 Franklin Blvd, Cleveland, OH 44102Off Market
- $517,9003 bd3 ba3.3k sqft1765 W 54th St, Cleveland, OH 44102Off Market
- $--1 bd1 ba1.3k sqft1765 W 54th St APT 3, Cleveland, OH 44102Off Market
Nearby schools
GreatSchools rating
- 3/10Waverly Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 5/10Garrett Morgan School of Engineering & InnovationGrades: 9-12Distance: 0.3 mi
- 6/10Joseph M Gallagher SchoolGrades: PK-8Distance: 0.4 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$485,200
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Estimated market value
$485,200
- Ohio
- Cuyahoga County
- Cleveland
- 44102
- Detroit Shoreway
- 5311-5315 Franklin Ave
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