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9 Beds
4 Baths
2,912 sqft

$359,900

4500 W 39th Street, Cleveland OH, 44109

Price per sqft$123.59
Built in1904
Property size2,912 sqft
Property typeMulti-family

Overview

Active

Listed Sep 3, 2026

Updated Sep 4

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.

$2,394/mo

Est. mortgage payment based on a $359,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5241709

Interior Features

Bedrooms
9
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$3,651
Tax Frequency
Annually

Courtesy of RE/MAX Above & Beyond

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