Cleveland Multifamily Investment
4392 W 47th Street, Cleveland, OH 44144
- Added:
- Apr 4, 2026
- Days on Market:
- 48
- Last Refresh:
- May 21 at 1:06 pm
Property Features for 4392 W 47th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 1, Laundry Room, Bedroom 2
- Parking features
- Garage
- Fencing
- Privacy
- Standard status
- Active Under Contract
- APN
- 013-28-103
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2926
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1924
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agent Jesse R Kracht License #2010001088 (440) 212-5656
Listing office Russell Real Estate Services 12198 Pearl Road, Strongsville, OH (440) 572-3100
Listing date Apr 4, 2026
MLS# 5198879
Listing URL
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HighLights
- High 9.22% Cap Rate: Indicates strong potential for return on investment.
- Fully Occupied Portfolio: Ensures immediate and consistent cash flow.
- Substantial Net Operating Income: Generates $124,791.60 annually.
- Well‑Maintained Properties: Reduces potential maintenance costs and enhances tenant satisfaction.
- Flexible Purchase Options: Can be bought as a whole or in smaller packages.
- Multiple Properties Included: Diversifies investment across 7 properties in the west side of Cleveland.
Overview
This is a fully occupied, well-maintained 7-property multifamily portfolio located on the west side of Cleveland. The portfolio generates $14,379 per month ($172,548 per year) in rent, with a net operating income of $124,791.60 annually and a 9.22% cap rate. The properties can be sold together for $1,354,000 or in smaller packages. Available packages include: 1299 W. 89th St. and 3441 W. 95th St. and 3069 W 105th St. for $580,000; 3340 W. 98th St. and 3282 W. 94th St. for $380,000; and 4392 W. 47th St. and 3896 W. 21st St. for $394,000. The property at 4392 W 47th Street is located in Cleveland, OH 44144, Cuyahoga County. The lot size is 0.1012 acres. The sellers may consider other bundled options. Financials, rent roll, and individual property details/pictures are available upon request.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.718188
- Latitude
- 41.436873
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Fully occupied, well-maintained multifamily portfolio with high cash flow.
Where is this multifamily property located?
The property is located at 4392 W 47th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: High 9.22% Cap Rate: Indicates strong potential for return on investment.; Fully Occupied Portfolio: Ensures immediate and consistent cash flow.; Substantial Net Operating Income: Generates $124,791.60 annually.
