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3359 E 65th St 2 Unit Apartment Building $199,000 ($99,500/Unit) Cleveland, OH 44127
Investment Highlights
- Updated kitchen and bathrooms, in-suite laundry, LVP flooring, etc
- Quick access to Downtown Cleveland
- Newer roof, newer furnaces, younger water heaters, updated electrical panels, etc
Executive Summary
Welcome to this versatile and income-producing duplex offering strong cash-flow potential for both investors and homebuyers alike! The spacious front unit features 5 beds and 1.5 baths across two levels, with two bedrooms on the main floor and three additional carpeted bedrooms upstairs. Recent updates include LVP flooring, newer vinyl windows, updated light fixtures, refreshed finishes, newer cabinetry, laminate countertops, updated bathroom fixtures, new vanity, and newer tub surround. The rear unit offers a comfortable 2 beds, 1 bath layout, creating an excellent additional income opportunity. Separate gas and electric meters allow both units to operate independently, ideal for maximizing rental efficiency. Major improvements include updated PVC plumbing main stack and drain lines, newer furnaces, younger water heaters, updated electrical panels, updated exterior 100 AMP meter bases, glass block basement windows, vinyl siding, vinyl windows, and a newer roof. The property also includes in-suite laundry, a detached 1-car garage, and functional outdoor space. The income potential is strong, with the front unit currently vacant and projected at approximately $2,000/mo in market rent, while the rear unit is tenant occupied at $1,085/mo, providing immediate income from day one. Conveniently located near Washington Reservation, Morgana Park, and Mill Creek Falls, with quick access to Downtown Cleveland. Near major highways, public transportation, schools, shopping centers, restaurants, parks, and more. 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 investment portfolio or live in one unit while offsetting your mortgage with rental income, this cash-flowing duplex offers space, flexibility, and long-term upside in a growing Cleveland market. No wholesalers. No Seller financing. No low ball offers.
Property Facts
| Price | $199,000 | Building Class | C |
| Price Per Unit | $99,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,016 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | ||
| Zoning | MF-1 | ||
| Price | $199,000 |
| Price Per Unit | $99,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,016 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Zoning | MF-1 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 125-30-015 | Improvements Assessment | $13,615 |
| Land Assessment | $2,835 | Total Assessment | $16,450 |
Property Taxes
Parcel Number
125-30-015
Land Assessment
$2,835
Improvements Assessment
$13,615
Total Assessment
$16,450
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3359 E 65th St