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    3429 Martin Luther King Jr Dr Cleveland, OH 44104

    For Sale
    $274,900

    MULTI_FAMILY - Cleveland, OH

    Property size:
    3,382 SF
    Lot size:
    0.18 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 3429 Martin Luther King Jr Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 3, Laundry Room, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 2, Basement, Bathroom 1, Bedroom 1
    Bedrooms
    6
    Bathrooms
    2
    APN
    127-26-038
    Parking features
    Driveway, Garage
    Size
    3,382 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    3
    Building materials
    WoodSiding
    Roof type
    Shingle

    Keller Williams Citywide (440) 892-2211 [email protected]

    Listing agent Joel Rodriguez Velez (216) 313-1578 License #2019005742

    Listing date Dec 3, 2025

    MLS# 5174021 Listing URL

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Investment Opportunity

    This renovated multifamily property presents an opportunity for investors and owner-occupants. The property is projected to generate a strong income with potential rents of $1,468, $1,468, and $937, totaling $3,873 per month once fully leased. With an estimated NOI of around $30,000 and an approximate 11% cap rate, this property offers potential returns. Completely updated in 2025, the property features new kitchens, updated bathrooms, fresh flooring, neutral paint, and solid mechanical upgrades. New electrical, new plumbing, new vinyl windows, new water tanks, a new roof, and new HVAC have been installed. Each unit offers spacious layouts, generous bedroom sizes, and clean finishes. The third-level bonus unit, equipped with its own kitchen and bathroom, adds an additional income stream. The property is CMHA compliant, with all required inspections completed. The property is located near major highways, transit, parks, schools, hospitals, and employment centers, in a high-demand area with strong rental appeal. The lot size is 0.1837 acres, and the property size is 3,382 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.606481
    Latitude
    41.465457

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    FAQs

    What type of property is this?
    Triplex - Turnkey multifamily property with strong income potential in Cleveland, OH.
    Where is this triplex located?
    The property is located at 3429 Martin Luther King Jr Dr Cleveland, OH.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - High Income Potential: Projected $3,873 monthly rental income and $30,000 NOI, with approx. 11% cap rate.; - Fully Renovated in 2025: Turnkey with new kitchens, updated bathrooms, fresh flooring, neutral paint, and solid mechanical upgrades.; - New Essential Systems: Features new electrical, plumbing, vinyl windows, water tanks, roof, and HVAC.
    (216) 313-1578
    Request Owner's contact information
    3429 Martin Luther King Jr Dr Cleveland, OH 44104
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    Cleveland, OH 44104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3429 Martin Luther King Jr Dr Cleveland, OH 44104
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