3183 W 46th Street, Cleveland, OH 44102
- $200,000
- 10
- BD
- 5
- BA
- 4,745
- SqFt
- Sold Price
- $200,000
- List Price
- $175,000
- Status
- CLOSED
- Stories
- 2
- MLS#
- 5180847
- Year Built
- 1880
- Closing Date
- Mar 30, 2026
- Bedrooms
- 10
- Bathrooms
- 5
- Half-baths
- 1
- Living Area
- 4,745
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Clark
Property Description
Cash-Flow Opportunity – Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included — all offered at $175,000. Unit mix: • 2 – Three-bedroom / 1 bath units • 2 – Two-bedroom / 1 bath units • Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR ˜ $1,638/mo; 2BR ˜ $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors — this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move fast. NO SELLER FINANCING
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Additional Information
- Taxes
- $2,661
- Acres
- 0.15
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air
- Cooling
- None
- School District
- Cleveland Municipal - 1809
Mortgage Calculator
Listing Courtesy of: Nicole Raichart, shakerheightsrealtor@gmail.com With Berkshire Hathaway HomeServices Professional Realty
Selling Office: EXP Realty, LLC..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).
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