3847 W 38th StreetCleveland, OH 44109

3847 W 38th StreetCleveland, OH 44109

1/50 Fullscreen
$192,500 Active
Multi Unit - Multiple MLS 5193754
6 beds 2 full baths 4,064 sqft

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Attention all investors & owner-occupied buyers! Location, Location, Location...Rare side-by-side duplex offers a truly exceptional opportunity?each spacious, well-lit unit feels more like a single-family home than duplex/investment property. Situated on a quiet, well-maintained street in a highly desirable & investor-friendly neighborhood known for strong rents & stable demand, this property is ideal for those seeking immediate income potential or multigenerational living. Both units feature grand interiors with high first-floor ceilings, large light-filled rooms, original hardwood flooring ready to be refinished to restore their classic beauty. Updated vinyl windows enhance energy efficiency & natural light throughout. Recent updates include one newer furnace & one upgraded electrical panel. Each unit also enjoys a private full basement w/large glass block windows for laundry, storage, or future finishing potential, plus walk-up third-floor attic perfect for expansion or additional storage space. Home's charming exterior includes a welcoming front porch & second-floor rear balcony for outdoor enjoyment. While this fantastic property has great bones, it does need some updates?including a new roof (currently slate)?offering tremendous upside & equity potential for the right buyer. Limited utilities are currently active, owner is in the process of reconnection. Serious inquiries only?no wholesalers or owner-financing options will be considered. Don't miss your chance to own this distinctive, high-upside duplex with immediate cash flow potential and long-term value!

3847 W 38th Street | MLS# 5193754

This multi-family property located at 3847 W 38th Street, Cleveland, OH 44109 is currently listed for sale with an asking price of $192,500. W 38th 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: Full, Unfinished
Basement: Yes
Cooling: None
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $2,683 / year
Year Built: 1910

Amenities

Balcony

Feature Descriptions

Exterior: Brick, Vinyl Siding, Wood Siding
Laundry: Multiple Locations
Parcel#: 014-02-061
Parking: Drive Through, Paved
Patio/Porch: Balcony
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3847 W 38th 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

$ 1,268.36 per month $988.63 Principal & Interest $223.58 Property Tax $56.15 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage