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34625315

3615 W 52ND ST, CLEVELAND, OH 44102 For Sale

JC
OH 201702330
Russell Commercial Advisory
Listed by Russell Commercial Advisory
$139,000
1 day on market
Updated 1 day ago

CASH FLOWING DUPLEX

Details
APN 016-17-058
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,592
Units 3
Cap Rate 6.12%
NOI $8,500
Occupancy 100%
Pro-Forma Cap Rate 11.87%
Pro-Forma NOI $16,500
Price per SqFt $54
Year Built 1910
Stories 2
Lot Size (SqFt) 4,795

About This Property for Sale

Marketing description

Affordable Cleveland Duplex with Income and Value-Add Potential

Opportunity awaits at 3615 W. 52nd Street, a spacious Cleveland duplex offering approximately 1,728 square feet, four total bedrooms and two full bathrooms. Built in 1910, the property features a classic two-story layout, covered front porch, full basement, detached two-car garage and convenient off-street parking.

Located near Denison Avenue with access to neighborhood shopping, public transportation, major employment centers and Cleveland’s west-side amenities, this property is well suited for both investors and owner-occupants. Maintain the existing rental configuration, improve operations and rents over time, or occupy one unit while generating income from the other.

Demonstrated rental income, a practical unit configuration and additional upside through stabilized occupancy and market-based leasing, 3615 W. 52nd Street offers a solid opportunity to acquire an income-producing duplex in the 44102 market.

Investment highlights

3615 W. 52nd Street presents a compelling two-family investment opportunity in Cleveland’s established 44102 rental corridor. The property offers approximately 1,728 square feet, with a total of four bedrooms and two full bathrooms, along with a full unfinished basement, detached two-car garage, open front porch and off-street parking.

The duplex configuration provides flexibility for a traditional rental strategy, owner-occupant investment or affordable-housing use. Historical operations show monthly collections reaching approximately $1,750, supporting meaningful income potential when both units are fully occupied and collections are stabilized.

With professional management, improved collections and market-based leasing, the property offers a straightforward path to stronger gross income and improved NOI. Its manageable operating profile, public water and sewer, forced-air gas heat and durable two-family layout make it an attractive value-add opportunity for investors seeking attainable entry pricing and long-term rental demand on Cleveland’s west side.

Listing Contacts

JC
OH 201702330
Russell Commercial Advisory
Listed by Russell Commercial Advisory

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$8,500.00
$708.33/mo

Valuation Metrics

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DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
Justin Campbell
License
201702330
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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