About This Home

This 9-bedroom, 4-bathroom multi-family at 4500 W 39th Street in Cleveland, OH is listed for $359,900 ($124 per sqft). Built in 1904, the home offers 2,912 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1904
  • 0.14 acre lot
  • 3 stories

Property Details

3 stories
4 full
1904
Listing Description

Prime Investment Opportunity Boasting A Current 8% Cap Rate In Cleveland's Thriving Rental Market. Two Houses On One Lot - A Triplex With Three 2-Bedroom, 1-Bathroom Units, And A Single-Family Home With 3 Bedrooms And 1 Bathroom. All Units Are Fully Occupied And Generate A Combined $3,925 In Monthly Rental Income, Making This Perfect For Investors Looking For Immediate Cash Flow And Long-Term Appreciation.

Two Units Of The Triplex Have Been Completely Remodeled, Including New Kitchens And Bathrooms. Kitchen Upgrades Include New Cabinets, Tile Backsplash, Countertops, Fixtures, And LVP Flooring. Bathroom Updates Include Tub/Shower Surround, New Vanity, Fixtures, And LVP Flooring.

Additional Triplex Upgrades Include Fresh Paint And New Carpet Throughout, New Water Heater, New Furnace, New Vinyl And Glass Block Windows, And A New Roof. The Single-Family Home Has Been Completely Remodeled, Providing A Comfortable Living Space. The All-New Kitchen Has Been Upgraded With New Cabinets, Countertops, Fixtures, And LVP Flooring.

The Bathroom Has Been Updated With A New Tub/Shower Combo, Vanity, Fixtures, And LVP Flooring. Additional Upgrades To The Single-Family Home Include Fresh Paint And New Carpet Throughout, New Hot Water Tank, New Furnace, And New Gutters. Whether You're A Seasoned Investor Or Just Starting To Build Your Rental Portfolio, This Is An Opportunity You Won't Want To Miss!

No Wholesalers - Seller Will Not Allow The Buyer To Assign The Contract To Another Party Prior To Closing. Seller Financing, Creative Financing, And "Subject To" Offers Will Not Be Considered.

Monthly Cost Estimate

$1,925/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,560
Insurance$105

Estimates only. Actual payments may vary.

Location

4500 W 39th Street

Cleveland, OH 44109

Brkter

Property Details

Construction

AluminumSiding Frame VinylSiding

Parking

Driveway

Heating

Forced Air

Questions & Answers

This 9-bedroom, 4-bathroom multi-family at 4500 W 39th Street is listed at $359,900 ($124/sqft). The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1904, 0.14 acre lot, 3 stories.

This property is listed by Ryan McCullough.

RM

Ryan McCullough

License 2016000269

Agent at RE/MAX Trinity LLC

Listed by RE/MAX Trinity LLC · Broker phone: (440) 546-1313 · View on Broker Site · Broker website

MLS# 5241709· Source: MLS Now· 58 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4500 W 39th Street, Cleveland, OH 44109

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