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About This Home

This 7-bedroom, 3-bathroom residential multi family at 3408 Riverside Avenue in Cleveland, OH is listed for $229,000 ($64 per sqft). Built in 1890, the home offers 3,596 sqft of living space on a 0.18 acres lot.

Agent Description

Attention investors-excellent opportunity on Cleveland's desirable west side! Situated on a quiet residential street, this spacious 3-family property offers strong income potential, owner-occupant flexibility, or ideal multi-generational living. Set on an extra-wide 64x130 lot, this is a rare chance to add a solid asset to your portfolio.

Refreshed exterior features newer low-maintenance vinyl siding, vinyl windows, newer roof, plus a beautiful composite front porch perfect for relaxing. A large driveway for ample parking, 2-car garage, expansive yard (64x130 lot) provide ample parking and outdoor space.

Conveniently located near highways, shopping, dining, and local attractions. Property offers three finished levels. The first and second floor units are spacious, light-filled 3-bedroom layouts w/generous living areas & large kitchens designed to attract/retain quality tenants.

Third-floor unit is a roomy/comfortable 1-bedroom efficiency w/great natural light & functional floor plan. Separate electric meters are already in place, with water on a single meter. Full basement includes updated electrical panels, water tanks (2012), and modern furnaces (ages unknown).

With some interior cosmetic updates, this property has the potential to become a true standout while generating impressive cash flow-estimated at approximately $3,100 per month when fully occupied. Currently vacant with immediate occupancy possible and easy to show. Serious qualified buyers only. No wholesalers or owner financing.

Key Features

  • Built in 1890
  • 0.18 acre lot
  • 3 stories

Property Details

3 stories
3 full
1890

Monthly Cost Estimate

$1,225/mo

20% down · 6.5% · 30 years

Principal$166
Interest$992
Insurance$67

Estimates only. Actual payments may vary.

Location

3408 Riverside Avenue

Cleveland, OH 44109

Property Details

Construction

VinylSiding

Parking

Garage

Heating

Forced AirNatural Gas

Appliances

RangeRefrigerator

Questions & Answers

This 7-bedroom, 3-bathroom residential multi family at 3408 Riverside Avenue is listed at $229,000 ($64/sqft). The estimated monthly payment is $992 based on 20% down at 6.5% interest.

Key features include: Built in 1890, 0.18 acre lot, 3 stories.

This property is listed by Christopher A Frederick and can be reached at 2162107653 or thefrederickteam@gmail.com.

CF

Christopher A Frederick

Agent at Coldwell Banker Schmidt Realty

(216) 210-7653

Listed by Coldwell Banker Schmidt Realty · View on Broker Site

MLS# 5209369· Source: listhub· Updated 20 days ago

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3408 Riverside Avenue, Cleveland, OH 44109

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