3334 W 82nd St - Apartments FOR SALE


Cleveland, OH 44102- West Boulevard
$199,000 USD
440-526-9400
3334 W 82nd St, Cleveland, OH for Sale
$199,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

3334 W 82nd St
Cleveland, OH 44102
West Boulevard


HIGHLIGHTS

  • 4-Unit Multi - perfect for value-add investors
  • Significant upside from under-market rents
  • Projected gross annual income - $43,800
  • Located on Cleveland’s sought-after west side, a proven rental market with steady demand and reliable cash flow
  • Separate gas & electric meters for three units—owner only pays utilities for basement unit
  • Month-to-month leases in two units allow flexibility for rent increases or renovations to quickly align with market-rate returns

OVERVIEW

Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom. Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland’s rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market!

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

4

PRICE/UNIT

$49,750

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Unit | CLE's West Side

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

2F

APN/PARCEL ID

017-33-011

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.