USAOHClevelandRhodes Hartnell Barber & Selde3150 W 40Th St
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$125,000

For Sale

13 hours ago

3150 W 40 Th St, Cleveland, OH

MLS® 5191126

4 Bed

2 Bath

1430 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1430 sqft
Garage Yes
Taxes $1,896
Days Active 0
Lot Size 0.0854 acres
Approx. Age 1910
Avg. Price Per Sqft $87
MLS® Number 5191126

Property Address: 3150 W 40th St, Cleveland, OH, 44109-1222

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland’s westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 3 occupied units and 7 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1, 000–$1, 200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120, 000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K–$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. Detailed rent projections and property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695, 000 for the entire portfolio.
MLS® Number5191126
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.0854
Exterior
GarageYes
Approx. Age1910
BasementFull
DrivewayDriveway, Paved
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$125,000List Price
  • Commute

Commute

Starting Address
Destination Address
3150 W 40 Th St, Cleveland, OH

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