www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31311691
31311719

3161 Scranton Rd, Cleveland, OH 44109

RC
OH 2016001279
RE/MAX Above & Beyond
Listed by RE/MAX Above & Beyond
$370,000
72 days on market
Updated 23 days ago
Opportunity zone

3161 Scranton Road, Cleveland, OH 44109

Details
APN 008-11-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,452
Net Rentable (SqFt) 4,452
Units 4
Cap Rate 3.48%
NOI $12,861
Occupancy 75%
Price per SqFt $83
Broker Co-Op No
Class B
Year Built 1900
Buildings 2
Stories 2
Acreage 0.145
Zoning Retail
Investment Type Owner/User
Ownership No resident

Multifamily | 4 Units | $92,500/unit

Marketing description

Excellent opportunity to own two income properties on one parcel in the desirable Metro–North Tremont area. The properties are professionally managed and include three occupied units and one vacant unit, offering flexibility for investors or owner occupancy. The front building has three one-bedroom, one-bath units, two on the first floor and one on the second. Major updates completed in 2020 include updated electrical with new panel, plumbing, three furnaces, vinyl windows, new drywall and ceilings, kitchens with granite countertops and appliances, updated bathrooms, and newer hot water tanks. The rear house offers two bedrooms and one bath and was renovated in 2019 with updated electrical and plumbing. A driveway provides parking for all units. One unit is currently vacant and available for showings while the others are tenant occupied. Current rents are $1,100, $950, and $900 per month with leases in place. Conveniently located near the West Side Market, Christmas Story House, MetroHealth Medical Center, Cuyahoga Community College, Cleveland State University, Downtown Cleveland, the Rock and Roll Hall of Fame, and many restaurants and attractions. Showings available for the vacant unit, occupied units upon accepted offer. Please DO NOT disturb tenants under any circumstances. DO NOT lock unit knob. Please ONLY lock exterior door. Contact Daniel Farai at 216.854.9349 or [email protected] for questions.

Investment highlights

4-unit investment opportunity in one of Cleveland’s most in-demand neighborhoods. ✔️ Strong rental potential ✔️ Prime location near downtown ✔️ Value-add opportunity with upside Opportunities like this don’t last — especially in Tremont. Whether you’re adding to your portfolio or looking for your first multi-family… this is one to watch. Contact Daniel Farai at 216.854.9349 or [email protected] for questions.

Listing Contacts

RC
OH 2016001279
RE/MAX Above & Beyond
Listed by RE/MAX Above & Beyond

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$12,861.00
$1,071.75/mo

Valuation Metrics

0
DSCR
3.48%
Cap Rate
3.48%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
RE/MAX Above & Beyond
License
Daniel Farai
Brokerage Phone
2168549349
Title
Broker of Record
Brokerage Address
Name
Robert Cole Sr.
License
2016001279
Brokerage Phone
440-842-7200
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591