NOT LISTED FOR SALE

3186 W 52nd St Cleveland, OH 44102

Stockyards Neighborhood
8 Beds
4 Baths
4,413 Sq Ft
4,574 Sq Ft Lot

Last Sold October 23, 2024

Last sale price $190,000 $43 Per Sq Ft

43 Days on Market

About This Home

As of October 2024

Unlock a lucrative investment opportunity with this prime 4-unit property on Cleveland’s sought-after west side! This well-maintained building boasts two currently occupied Section 8 units, with one leasing for $650/month through February 2025, the second unit rented for $775 on an annual lease expiring 7/31/2025 and another at $800/month on a month-to-month basis. The remaining unit is in the leasing process and is being marketed for $950/month, with potential for $1,000/month following minor cosmetic updates. The property features four 2-bedroom, 1-bathroom units and offers a potential strong return with a nearly 14% cap rate and over 20% cash-on-cash return. Tenants cover their own electricity and gas, while the owner is responsible for water and sewer, making this an attractive, high-yield investment with minimal management demands.

Last Agent to Sell the Property

Tal Tamir

Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com 216-870-8687 License #2018001908 Listed on: 07/31/2024

Russell Real Estate Services

Last Buyer's Agent

Tal Tamir

Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com 216-870-8687 License #2018001908 Listed on: 07/31/2024

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,614

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 4,574 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Wood Siding

Interior Spaces

  • 4,413 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • James M Hoyts Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 016-11-107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,614

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1900
  • Attribution Contact: tal@premierclevelandinvesting.com 216-870-8687
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: James M Hoyts Sub
  • Above Grade Finished Sq Ft: 4413.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2023
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition
  • Acres: 0.105
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 016-11-107
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4614.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2024 10/23/24 Sold $190,000 -11.6% $43 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $214,900 0.0% $49 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $214,900 0.0% $49 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $214,900 +54.6% $49 / Sq Ft
06/23/2020 06/23/20 Sold $139,000 -0.6% $24 / Sq Ft View Prior Sale
05/13/2020 05/13/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $139,900 0.0% $24 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/05/2020 04/05/20 For Sale $139,900 0.0% $24 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $139,900 -- $24 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tal Tamir

    Seller's Agent in 2024

    Tal Tamir

    Russell Real Estate Services

    (440) 336-5220

    4 in this area

    264 Total Sales

    Tal Tamir
    Section Image

  • L

    Seller's Agent in 2020

    Latrice Mills

    Deleted Agent

    Section Image
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Map

Source: MLS Now

MLS Number: 5058233

MLS Now
Ohio Cuyahoga County Cleveland 44102 Stockyards

3186 W 52nd St, Cleveland, OH

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