Four-Unit Multifamily
For Sale
Contact for pricing
3161 Scranton Rd, Cleveland, OH 44109
Two residential buildings provide a mix of occupied and vacant units with on-site driveway parking.
Property Size4,452 SF
Price / SF$73
Days on Market164
Property Features for 3161 Scranton Rd
General Information
Standard status
Active
Size
4,452 SF
Class
B
Property subtype
Multifamily
Zoning
Retail
Occupancy
75%
Investment Type
Owner/User
Net Operating Income
$12,861
Financials
Gross Income
$35,400
Average Monthly Rent
$983.33
Units
Unit Mix
3 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1900
Buildings
2
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
RE/MAX Above & Beyond
Listed By:
Robert Cole Sr. · License #2016001279
(440) 241-5221
Source:
Crexi
Added: Mar 26
Changed: Sep 2
Last Checked: Sep 2 at 1:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Above & Beyond
Investment Insights
Based on property information with market context.
This multifamily property includes two buildings with four total units. The front structure contains three one-bedroom, one-bath apartments, with two on the first level and one upstairs. The rear house adds a two-bedroom, one-bath residence. Three units are occupied, while one is vacant for showings. A driveway provides parking for the residences.
The front building received substantial improvements in 2020, including electrical and plumbing updates, a new electrical panel, three furnaces, vinyl windows, drywall and ceiling work, renovated kitchens with granite countertops and appliances, updated bathrooms, and newer hot water tanks. The rear house was renovated in 2019 with electrical and plumbing improvements. The property is listed at 4,452 square feet, was built in 1900, and carries Retail zoning. It is located near MetroHealth Medical Center, Cuyahoga Community College, Cleveland State University, Downtown Cleveland, West Side Market, and the Rock and Roll Hall of Fame.
The front building received substantial improvements in 2020, including electrical and plumbing updates, a new electrical panel, three furnaces, vinyl windows, drywall and ceiling work, renovated kitchens with granite countertops and appliances, updated bathrooms, and newer hot water tanks. The rear house was renovated in 2019 with electrical and plumbing improvements. The property is listed at 4,452 square feet, was built in 1900, and carries Retail zoning. It is located near MetroHealth Medical Center, Cuyahoga Community College, Cleveland State University, Downtown Cleveland, West Side Market, and the Rock and Roll Hall of Fame.
Key Highlights
- Four total units across two residential buildings
- Front building includes three 1‑bedroom, 1‑bath units
- Rear house offers 2 bedrooms and 1 bath
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings provide a mix of occupied and vacant units with on-site driveway parking.
Where is this multifamily property located?
The property is located at 3161 Scranton Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four total units across two residential buildings; Front building includes three 1‑bedroom, 1‑bath units; Rear house offers 2 bedrooms and 1 bath
