Property Description

Excellent opportunity to acquire this well-maintained multifamily property features an occupied upstairs unit and a recently vacated downstairs unit, providing immediate upside for an owner-occupant or investor looking to place a new tenant at market rent. Tenants are responsible for gas and electric, while the owner pays water and sewer. Recent improvements include newer flooring, updated windows, interior doors, bathroom updates, and freshly painted exterior surfaces, contributing to the property's low-maintenance appeal. The property has a strong rental history and offers solid income potential in a high-demand rental area on Cleveland's west side. Conveniently located near shopping, dining, parks, and public transportation, with easy access to major highways and Downtown Cleveland. Nearby amenities include Steelyard Commons for major retail shopping, Cleveland Metroparks Brookside Reservation and Harmody Park for outdoor recreation, along with quick access to Cleveland's dining and entertainment districts. This is a strong turnkey investment opportunity with both stability and upside potential.

3296 W 44th Street | MLS# 5208285

This multi-family property located at 3296 W 44th Street, Cleveland, OH 44109 is currently listed for sale with an asking price of $159,900. W 44th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Unfinished

Cooling: Ceiling Fan(s), None

Days on Market: 12

Heating: Forced Air

Lot Size: 0.11 Acres

Roof Type: Shingle

Stories: 2.0

Taxes: $3,011 / year

Year Built: 1900

Feature Descriptions

Exterior: Wood Siding

Parcel#: 016-12-138

Parking: Driveway, Paved, On Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3296 W 44th Street, Cleveland, OH 44109

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,118.76 per month $821.20 Principal & Interest $250.92 Property Tax $46.64 Homeowner's Insurance

Change Payment Information

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3296 W 44th StreetCleveland, OH 44109