4385 W 50th StreetCleveland, OH 44144

4385 W 50th StreetCleveland, OH 44144

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$220,000 Contingent
Multi Unit - Multiple MLS 5208728 Contingent
5 beds 2 full baths 2,304 sqft

Listed By

Agency Name: Platinum Real Estate
Agency Contact: daniellesellsohio@gmail.com, 440-488-1893

Shown By

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

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Property Description

Fantastic opportunity to own a duplex on Cleveland's west side! 4385 W 50th Street offers a versatile multi-family setup that's perfect for investors looking to expand their portfolio or owner-occupants interested in offsetting their mortgage with rental income. This property features two well-laid-out units with comfortable living areas and functional floor plans. The upper three bedroom unit is currently occupied, providing immediate rental income, while the vacant two bedroom lower unit offers flexibility for an owner-occupant or the opportunity to place a new tenant at market rent. Whether you're looking for a long-term investment, a value-add opportunity, or a place to call home while generating additional income, this property offers flexibility and potential. Additional highlights include front porches for both units, glass block basement windows, and all kitchen appliances staying with the property. The detached two-car garage adds extra convenience for parking, while the yard provide additional outdoor space to enjoy. Conveniently located near shopping, restaurants, parks, public transportation, and highway access, this Cleveland duplex offers strong rental potential in a desirable west side location. With strong rental potential, this duplex is a great chance to own an income-producing property with room to make it your own. Schedule your showing today and see everything this duplex has to offer!

4385 W 50th Street | MLS# 5208728

This multi-family property located at 4385 W 50th Street, Cleveland, OH 44144 is currently listed for sale with an asking price of $220,000. W 50th 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: Full, Storage Space
Cooling: Central Air
Days on Market: 6
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $3,242 / year
Year Built: 1924

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Exterior: Aluminum Siding
Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, Lower Level, Laundry Tub, Sink
Parcel#: 013-27-097
Parking: Driveway, Detached, Garage
Security: Carbon Monoxide Detector(s)
Sewer: Public Sewer
View: Neighborhood
Water: Public
Window: Blinds

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 4385 W 50th Street, Cleveland, OH 44144
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

$ 1,464.19 per month $1,129.86 Principal & Interest $270.17 Property Tax $64.17 Homeowner's Insurance

Change Payment Information

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