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(440) 539-6347
Real Estate Company
3289 W 61st Street, Cleveland, OH 44102
- $58,000
- 5
- BD
- 3
- BA
- Sold Price
- $58,000
- List Price
- $65,000
- Status
- CLOSED
- Stories
- 2
- MLS#
- 5198660
- Year Built
- 1905
- Closing Date
- Jul 29, 2026
- Bedrooms
- 5
- Bathrooms
- 3
- Region
- Cleveland
- Township
- Cleveland
- Subdivision / Building
- Otis
Property Description
ttention savvy investors and portfolio builders! This vacant 3-unit multi-family property is the perfect "buy-and-hold" addition to your Cleveland portfolio. Located in an area with steady rental demand, this tri-plex offers a blank canvas to renovate and achieve top-of-market rents. With Cleveland’s average 2-bedroom rents currently climbing toward $1,750+, the income potential here is substantial. The property is being sold AS-IS, allowing you to choose your finishes and build equity from day one. Configuration: 3 Units (Ready for a full refresh) Status: 100% Vacant – No tenant headaches, start work tomorrow! Potential: Pro-forma Cap Rate of 10%+ once stabilized. Location: Minutes from Detroit Shoreway and Clark-Fulton Areas, and easy highway access. Bring your flashlight and your contractor.
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Additional Information
- Taxes
- $1,000
- Acres
- 0.11
- Sewer
- Public Sewer
- Roof
- Asphalt, Fiberglass
- Water
- Public
- Heating
- Forced Air, Gas
- Cooling
- None
- School District
- Cleveland Municipal - 1809
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Listing Courtesy of: Jeffrey Schultheis, Jeff@JSREALTORTEAM.com With I Heart Real Estate, LLC.
Selling Office: Real of Ohio.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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