3186 W 52nd Street, Cleveland, OH 44102
- $190,000
- 8
- BD
- 4
- BA
- 4,413
- SqFt
- Sold Price
- $190,000
- List Price
- $214,900
- Status
- CLOSED
- MLS#
- 5058233
- Year Built
- 1900
- Closing Date
- Oct 23, 2024
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 4,413
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- James M Hoyts Sub
Property Description
Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland’s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.
/u.realgeeks.media/connorsellsohio/Screenshot_2026-08-31_141409.png)
Additional Information
- Taxes
- $4,614
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Composition
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Russell Real Estate Services.The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 MLS Now. All Rights Reserved.