3865 W 40th Street, Cleveland, OH 44109

$150,000

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Sold Price
$150,000
List Price
$95,000
Status
CLOSED
Days on Market
32
Closing Date
May 06, 2025
MLS#
5112275
Subtype
Commercial Sale
Year Built
1900
Acres
0.23
Subdivision
Alice J Bakers Allotment
Neighborhood
Alice J Bakers Allotment
MLS Area Major
Cleveland

Property Description

Great investment opportunity in Old Brooklyn! This 6-unit brick building at 3865 West 40th Street is just 10 minutes from downtown Cleveland. Each unit features 2 bedrooms and 1 bathroom, plus its own private basement—ideal for storage or extra space. Tenants enjoy both front and rear porches, as well as access to a rear deck. Two units are currently rented and generating income. The other four units need renovation, giving you the chance to add value and increase returns. Located in a growing neighborhood with easy access to shops, restaurants, parks, and highways, this property has strong potential. Whether you're starting your investment journey or adding to your portfolio, this multi-family building is worth a look.

Additional Information

Taxes
$3,293
Heating
Forced Air
Air Conditioning
None
School District
Cleveland Municipal - 1809

Listing Courtesy of: Dennis Mallett, dennismallett@kw.com With Keller Williams Greater Cleveland Northeast

Selling Office: Howard Hanna.

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