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    3983 Elmwood Rd Cleveland, OH 44121

    For Sale
    $309,000

    MULTI_FAMILY - Cleveland Heights, OH

    Property size:
    3,620 SF
    Lot size:
    0.17 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 9 at 7:06 am

    Property Features for 3983 Elmwood Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 3, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 4, Basement, Bedroom 3, Bathroom 2
    Bedrooms
    6
    Bathrooms
    4
    APN
    682-24-059
    Parking features
    Garage
    Appliances
    Range, Refrigerator
    Size
    3,620 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1929
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Shingle

    Keller Williams Realty Greater Cleveland Northeast (440) 255-5500 [email protected]

    Listing agent Alex Vallejos (505) 400-5024 License #2024000347

    Listing date Nov 21, 2025

    MLS# 5164854 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

    Updated Cleveland Heights Duplex Investment

    Located in Cleveland Heights, this Tudor-style duplex at 3983 Elmwood Road is designed for immediate income generation. Situated on a corner lot, the side-by-side configuration features two private front entrances. The property has been renovated within the last four years, including a new roof and refreshed interiors with new kitchens featuring stainless steel appliances and 1.5 bathrooms with tile showers. Each unit offers a 3-bedroom, 1.5-bathroom layout. The property has separate meters for all utilities, including gas, electric, and water. Each unit has a private basement with washer and dryer hookups, and tenants share a large back deck. Parking includes one space per tenant in the detached garage, plus driveway parking. The property generates $2,900 per month in gross rents, totaling $34,800 annually. The property is located within a 10-minute drive to Cedar-Lee, Coventry Village, and University Circle. The property size is 3,620 square feet and the lot size is 0.1679 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Clothing Store 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
    -81.537142
    Latitude
    41.527764

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in Cleveland Heights, generating $2,900 monthly income.
    Where is this duplex located?
    The property is located at 3983 Elmwood Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $309,000.
    What are key features of this property?
    This property features: - High-yield income potential: Currently generating $2,900/month ($34,800 annually) in gross rents.; - Recently renovated: Enjoy updated interiors with new kitchens and stainless steel appliances, including a new roof within the last four years.; - Desirable Cleveland Heights location: Close to Cedar-Lee, Coventry Village, and University Circle.
    (505) 400-5024
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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
    3983 Elmwood Rd Cleveland, OH 44121
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