Listed price in listed location currency (USD).
$675,000

000

MLS® 5219798

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
HOA Fees $1,500
Taxes $17,664
Days Active 3
Approx. Age 1925
MLS® Number 5219798

Property Address: 3438 Bosworth Rd, Cleveland, OH, 44111-6050

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

Description

3438 Bosworth Road is an 11-unit brick multifamily building located in the West Boulevard / Kamms Corner neighborhood of Cleveland, Ohio. Built in 1925 and spanning 10, 450 SF across three stories, the property is offered for sale at $675, 000 ($61, 364/unit). The building features a unit mix of 3 two-bedroom/one-bath and 8 one-bedroom/one-bath apartments, currently 73% occupied (8 of 11 units). Three recently renovated vacancies are move-in ready with no additional capital required. One unit is leased to a Section 8 (CMHA) tenant at $1, 034/month — above market rate — with utilities included in the CMHA payment. The seller has completed a comprehensive capital improvement program estimated at $140, 000–$250, 000+, covering a full roof replacement, complete plumbing stack overhaul, all-new water heaters building-wide, partial furnace replacement (6 of 11 units), and common area restoration. The property carries current Lead Certification. On-site coin laundry via CSC ServiceWorks. At stabilization, the asset projects NOI of $68, 005 (low blended) to $105, 987 (peak/CMHA), implying cap rates of 10.07% to 15.70% at asking price.
MLS® Number5219798
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1925
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 17, 2026List Date
$675,000List Price
  • Commute

Commute

Starting Address
Destination Address
3438 Bosworth Rd, Cleveland, OH

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