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4-Unit | CLE's West Side 3334 W 82nd St 4 Unit Apartment Building $199,000 ($49,750/Unit) Cleveland, OH 44102
Investment Highlights
- 4-Unit Multi - perfect for value-add investors
- Projected gross annual income - $43,800
- Separate gas & electric meters for three units—owner only pays utilities for basement unit
- Significant upside from under-market rents
- Located on Cleveland’s sought-after west side, a proven rental market with steady demand and reliable cash flow
- Month-to-month leases in two units allow flexibility for rent increases or renovations to quickly align with market-rate returns
Executive Summary
Incredible opportunity to purchase a four-unit property on the highly sought-after west side of Cleveland! This value-add investment features two two-bedroom, one-bath units (both currently occupied at $550 and $650/month on month-to-month leases), a one-bedroom, one-bath attic unit, and a two-bedroom, one-bath basement unit with a full kitchen and bathroom. Projected market rents are $1,000/month for the two-bedroom units, $800/month for the one-bedroom attic and $850 per month for the basement, bringing the total projected gross annual income to $43,800. Cleveland’s rental market remains strong, driven by steady demand, affordable pricing, and reliable cash flow—making this an excellent market for investors. The property has three gas meters and three electric meters; the owner currently pays utilities for the basement unit. The City of Cleveland Lead Inspection is in process for renewal, with no anticipated issues, giving new ownership a clear path to lead-free certification at closing. A rare chance to secure an easy-to-manage multifamily asset with strong upside in a growing market!
Property Facts
| Price | $199,000 | Building Class | C |
| Price Per Unit | $49,750 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,950 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | ||
| Zoning | 2F - Two-Family | ||
| Price | $199,000 |
| Price Per Unit | $49,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,950 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | 2F - Two-Family |
Amenities
Unit Amenities
- Air Conditioning
- Attic
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
1 1
Property Taxes
| Parcel Number | 017-33-011 | Improvements Assessment | $56,455 |
| Land Assessment | $7,245 | Total Assessment | $63,700 |
Property Taxes
Parcel Number
017-33-011
Land Assessment
$7,245
Improvements Assessment
$56,455
Total Assessment
$63,700
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4-Unit | CLE's West Side | 3334 W 82nd St
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