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David Margolis

dbmgolis@me.com +1(216) 403-8079

$ 274,900

Est. payment | -/mo

6 Beds

4 Baths

2,742 SqFt

Save

$ 274,900

Est. payment | -/mo

Save

6 Beds

4 Baths

2,742 SqFt

Open House

Sun Jul 19, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,742 sqft

Price per Sqft $100

Subdivision John A Spetrinos Resub

MLS Listing ID 5211588

Bedrooms 6

Full Baths 2

Half Baths 2

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,742

Year Built 1957

Annual Tax Amount $5,863

Tax Year 2025

Lot Size 10,737 Sqft

Acres 0.2465

Property Sub-Type Duplex

Property Description

Cleveland Heights brick duplex, with rare 3-bedrooms per side and a potential annual GRI of $50K, is just a few miles from Case Western Reserve University and both The Cleveland CLinic's and University Hospital's main campuses!!! This well-maintained investment property offers immediate cash flow with both units currently occupied and month-to-month. This side-by-side duplex features similar layouts in each unit, with a spacious family living, formal dining room, and well-equipped kitchen, as well as 1 of the 3 bedrooms and the half bath on the 1st floor and two additional bedrooms and the full bathroom upstairs. One of the units has CENTRAL AC, which could easily be added to the other unit, as well. Each unit also enjoys its own private basement, with laundry hook-up and plenty of storage and has enough room to add a family room. Additionally, this property has been given many updates recently, including: new roof and gutters (2023), new furnaces (both in 2024), and some electrical updates (2025) .... Current long-term tenants are month-to-month. CMHA sets monthly rent for a 3-bedroom in 44121 at $2067 per month, which would generate approximately $50,000 annually in GRI. This property EASILY beats the 1% Rule and 10-cap requirement. So, if you are looking to househack as an owner-occupant, or add a stress-free property to your rental portfolio, this property is FOR YOU!

Location

State OH

County Cuyahoga

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Shingle

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 683-03-094

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by LaShawn Robinson • Premier Heights Realty LLC • 216-860-0005, sophie@premierheights.com

Schools and Properties Nearby

David Margolis

Agent | License ID: 2011001930

+1(216) 403-8079 | dbmgolis@me.com

3825 Mayfield RD Cleveland Heights, OH 44121

David Margolis

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

3825 Mayfield RD