3151 W 41st StreetCleveland, OH 44109

3151 W 41st StreetCleveland, OH 44109

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$190,000 Active
Multi Unit - Multiple MLS 5190840
7 beds 3 full baths 1,848 sqft

Listed By

Agency Name: RE/MAX Haven Realty
Agency Contact: mike@theazzamgroup.com, 216-446-7606

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This cash-flowing duplex presents a strong investment opportunity with reliable rental income and valuable updates already completed. The down unit features 4 bedrooms and 2 bathroom, a spacious living room, and a functional kitchen, currently rented for $1,500 per month on a month-to-month lease. The upper unit offers 3 bedrooms and 1 bathroom, along with a generous living space and functional kitchen, and is currently rented for $1,000 per month, also on a month-to-month lease. Both tenants have been in place for approximately two years, providing stability while still offering flexibility for future rent adjustments or lease terms. The property has seen several key improvements, including updated plumbing replacing the original cast iron, PEX plumbing lines, vinyl windows, and 200-amp electrical panels. Additional upgrades include two newer hot water tanks, an updated meter base, and durable aluminum siding. The down unit bathroom has been renovated with modern LVP flooring, while hardwood floors run throughout both units, adding character and durability. Conveniently located in a Cleveland neighborhood near major roads, public transportation, schools, shops, and local amenities, this duplex offers both strong current cash flow and long-term investment potential. Whether you're looking to expand your rental portfolio or secure a property with immediate income, this property is a great opportunity worth considering. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're looking to expand your rental portfolio or secure a property with immediate income, this property is a great opportunity worth considering. No wholesalers. No Seller financing. No low ball offers.

3151 W 41st Street | MLS# 5190840

This multi-family property located at 3151 W 41st Street, Cleveland, OH 44109 is currently listed for sale with an asking price of $190,000. W 41st Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Days on Market: 6
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $2,322 / year
Year Built: 1910

Feature Descriptions

Exterior: Aluminum Siding, Vinyl Siding
Laundry: In Basement
Parcel#: 007-29-059
Parking: Driveway
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3151 W 41st Street, Cleveland, OH 44109
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,175.93 per month $927.01 Principal & Interest $193.50 Property Tax $55.42 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage