3214 W 61st Street , Cleveland, OH 44102 - $245,000

  • Beds: 4
  • Baths: 3 full
  • Sq. Feet: 1,963
  • Days on Site: n/a
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3214 W 61st Street , Cleveland, OH 44102
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Comments for 3214 W 61st Street , Cleveland, OH 44102

Attention investors looking for true turnkey cash-flow opportunity! Fully occupied 3-family investment package consisting of a duplex plus a separate single-family home generating over $3,100 per month rental income w/secure Section 8 tenants already in place. Property is Lead Certified as of April 2026 meeting the City of Cleveland requirements, making this an excellent low-maintenance investment opportunity. Completely remodeled w/no expense spared, property is successfully self-managed from the West Coast & is ideal as your first investment property or strong addition to an existing portfolio. Two homes are situated on one lot featuring a front duplex plus separate stand-alone home in the rear. Duplex includes a spacious 2-bedroom unit on the first floor & 1-bedroom unit upstairs, while the rear home offers a private 1-bedroom layout. Both homes feature updated mechanicals, newer vinyl siding, updated vinyl windows, extensive interior renovations throughout. Interiors fresh paint, updated flooring, remodeled kitchens & baths plus appliances included for added convenience. Attractive & well-maintained condition supports long-term tenant retention & stable rental income. Located in a desirable appreciating zip code w/strong rental demand, investment-friendly property offers excellent long-term upside potential w/reliable income already in place. Rare opportunity to purchase a fully occupied, lead-certified, professionally updated multifamily package.

$245,000

Estimated Monthly Payment: $740.06 (including taxes & insurance estimates)

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Property Details

City: ClevelandProperty Type: Multi Unit - Multiple
Subdivision: SargentLot Size: 1.00 Acres
School District: Cleveland Municipal - 1809Bedrooms: 4
Taxes: $1,480Bathrooms: 3 full
Status: ActiveSquare Feet: 1963
Year Built: 1900MLS#: 5211842

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Property Features

Property Type: Multi Unit - MultipleParcel#: 016-07-023
Appliances: Dishwasher, Microwave, Range, RefrigeratorParking: Shared Driveway
Basement: UnfinishedRoof Type: Asphalt, Fiberglass
Basement: YesSewer: Public Sewer
Cooling: NoneStories: 2.0
Exterior: Aluminum SidingTaxes: $1,480
Heating: Forced Air, GasWater: Public
Laundry: In UnitYear Built: 1900
Lot Size: 1.00 Acres 

School Information

School District: Cleveland Municipal - 1809

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 555-555-5555

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  • Demographics
  • Walk Score

Cuyahoga County Demographic Information

Fips
Fips Code39035
Population
2020 to 2025 Changedown 2.5%
2010 Count1,280,122
2020 Count1,264,817
2025 Estimate (V2025)1,232,925
2020 Estimate (V2025)1,264,775
Age Distribution (Years Old)
0 to 45.2%
5 to 1720.1%
18 to 6454.2%
65 and Older20.5%
Gender
Male48.0%
Female52.0%
Place of Birth
Foreign7.7%
US92.3%
Education
High School Graduate, Age 25+91.5%
Bachelor's Degree or Higher, Age 25+36.5%
Computer and Internet use
Households with a computer94.0%
Households with a broadband Internet subscription89.5%
Language
English is Second Language, Age 5+12.3%
English is First Language, Age 5+87.7%
Veterans
Veterans54,264
Income
Per Capita Income$42,747
Median Household Income$64,468
People in Poverty14.9%
Commute
Average Work Commute Time24 minutes
Housing
Total Housing Units615,116
Households554,551
Average Household Size2.20
Owner-Occupied59.4%
Multi-Family34.9%
Owner-Occupied Median Value$195,400
Median selected monthly owner costs -with a mortgage$1,570
Median selected monthly owner costs -without a mortgage$671
Median gross rent$1,060
Building Permits
New Private Housing Issued 20241,685
Years at Residence
1 Year or More86.7%
Less Than 1 Year13.3%
Business and Employment
Private non-farm Establishments31,496
Private non-farm Employment681,543
Private non-farm Employment Growthup 0.7%
Nonemployer Establishments110,977
Number of Firms23,160
Business Production
Value of Shipments$23,225,392,000
Wholesale Trade$24,854,217,000
Retail Trade$16,920,714,000
Retail Sales Per Capita$11,914
Accommodation and Food Services$3,332,698,000
Land
Land Area457.19 sq. miles
Population Per Square Mile2,800

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