3183 W 46th Street, Cleveland, OH 44102
- $200,000
- 10
- BD
- 5
- BA
- 4,745
- SqFt
- Sold Price
- $200,000
- List Price
- $175,000
- Status
- CLOSED
- Days on Market
- 24
- Closing Date
- Mar 30, 2026
- MLS#
- 5180847
- Subtype
- Residential Income
- Year Built
- 1880
- Bedrooms
- 10
- Bathrooms
- 5
- Full Baths
- 4
- Half Baths
- 1
- Living Area
- 4,745
- Acres
- 0.15
- Subdivision
- Clark
- Neighborhood
- Clark
- MLS Area Major
- Cleveland
Property Description
Cash-Flow Opportunity – Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included — all offered at $175,000. Unit mix: • 2 – Three-bedroom / 1 bath units • 2 – Two-bedroom / 1 bath units • Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR ˜ $1,638/mo; 2BR ˜ $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors — this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move fast. NO SELLER FINANCING
Additional Information
- Taxes
- $2,661
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- On Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Nicole Raichart, shakerheightsrealtor@gmail.com With Berkshire Hathaway HomeServices Professional Realty
Selling Office: EXP Realty, LLC..Mortgage Calculator
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