3289 W 61st Street, Cleveland, OH 44102
- $58,000
- 5
- BD
- 3
- BA
- Sold Price
- $58,000
- List Price
- $65,000
- Status
- CLOSED
- Days on Market
- 117
- Closing Date
- Jul 29, 2026
- MLS#
- 5198660
- Subtype
- Residential Income
- Year Built
- 1905
- Bedrooms
- 5
- Bathrooms
- 3
- Full Baths
- 3
- Acres
- 0.11
- Subdivision
- Otis
- Neighborhood
- Otis
- MLS Area Major
- Cleveland
Property Description
ttention savvy investors and portfolio builders! This vacant 3-unit multi-family property is the perfect "buy-and-hold" addition to your Cleveland portfolio. Located in an area with steady rental demand, this tri-plex offers a blank canvas to renovate and achieve top-of-market rents. With Cleveland’s average 2-bedroom rents currently climbing toward $1,750+, the income potential here is substantial. The property is being sold AS-IS, allowing you to choose your finishes and build equity from day one. Configuration: 3 Units (Ready for a full refresh) Status: 100% Vacant – No tenant headaches, start work tomorrow! Potential: Pro-forma Cap Rate of 10%+ once stabilized. Location: Minutes from Detroit Shoreway and Clark-Fulton Areas, and easy highway access. Bring your flashlight and your contractor.
Additional Information
- Taxes
- $1,000
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Foundation
- Block
- Parking Features
- Off Street
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Jeffrey Schultheis, Jeff@JSREALTORTEAM.com With I Heart Real Estate, LLC.
Selling Office: Real of Ohio.Mortgage Calculator
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