3289 W 61st Street
Cleveland, OH 44102
5
Bed
3
Bath
0.11Acre(Lot)
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 flashlig
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Rooms Total: 12 Has Basement: Yes -
Roofing Information
Asphalt, Fiberglass -
Interior Features
Roof: Asphalt, Fiberglass -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None
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Building Information
Year Built: 1905 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.1148 Acres Lot Size Acres: 0.1148 Lot Size Source: AssessorProperty Information
Subdivision: Otis Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 121
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Listing Price Information
Listing Price: $65000 Original Price: $85000
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Tax Information
Parcel Number: 016-06-074 Tax Year: 2025 Annual Tax: $1000 Tax Legal Desc: 34 OTIS S/L 15 SP 0016 ALL
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Parking Information
Off Street
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Location Information
Direction: North of Stoner Ave. and South of Clark Ave. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3304 W 46th Street, Cleveland, OH, 44102 | $136,000 | 3 | 2 | -- | |
| 3411 W 49th Street, Cleveland, OH, 44102 | $227,500 | 4 | 3 | 1,782 | 1,782 SqFt |
| 3318 W 48th Street, Cleveland, OH, 44102 | $180,000 | 4 | 2 | 1,932 | 1,932 SqFt |
| 3404 W 49th Street, Cleveland, OH, 44102 | $230,000 | 6 | 2 | 2,988 | 2,988 SqFt |
| 3618 W 49th Street, Cleveland, OH, 44102 | $124,000 | 4 | 2 | 2,312 | 2,312 SqFt |
| 3206 W 50th Street, Cleveland, OH, 44102 | $124,900 | 4 | 2 | 1,888 | 1,888 SqFt |
| 4809 Fenwick Avenue, Cleveland, OH, 44102 | $154,900 | 7 | 3 | 1,160 | 1,160 SqFt |
| 1960 W 48 Street, Cleveland, OH, 44102 | $214,900 | 4 | 2 | 1,718 | 1,718 SqFt |
| 3062 W 51st Street, Cleveland, OH, 44102 | $209,900 | 5 | 2 | 1,785 | 1,785 SqFt |
| 4915 Tillman Avenue, Cleveland, OH, 44102 | $529,900 | 8 | 4 | -- |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 06/22/2026 @ 13:55
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