3
See all 3 photos
$65,000
Est. payment /mo
5 Beds
3 Baths
5,000 Sqft Lot
Price Dropped by $20K
3289 W 61st ST Cleveland, OH 44102
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Otis
MLS Listing ID 5198660
Bedrooms 5
Full Baths 3
Construction Status Fixer
HOA Y/N No
Year Built 1905
Annual Tax Amount $1,000
Tax Year 2025
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type Triplex
Stories Two
Story Two
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.
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.
Location
State OH
County Cuyahoga
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Fixer
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 016-06-074
Listed by Jeffrey Schultheis • I Heart Real Estate, LLC. • 800-259-7670, cstevens@iheartreal.estate
NEARBY SCHOOL & BUSINESS
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