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Triplex With Updated Exterior
For Sale
$199,000

3408 Riverside Ave, Cleveland, OH 44109

Three finished levels include two three-bedroom units and a one-bedroom efficiency.

Property Size3,596 SF
Lot Size0.19 Acres
Price / SF$55.34
Days on Market19

Property Features for 3408 Riverside Ave

General Information

Standard status Active
Size 3,596 SF
Lot size 0.19 Acres
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence interior cosmetic updates

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 3BR, 1 x 1BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,494

Building Details

Buildings 1
Stories 3
Listing Agency: Coldwell Banker Schmidt Realty
Listed By: Christopher A Frederick · License #426983
Source: Exprealty
Added: Aug 6 Changed: Aug 20 Last Checked: Aug 23 at 3:12AM

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 Coldwell Banker Schmidt Realty

Investment Insights

Based on property information with market context.

This 3,596-square-foot triplex contains three finished levels, with two spacious three-bedroom apartments on the first and second floors and a one-bedroom efficiency on the third floor. The layouts include generous living areas, large kitchens, and natural light. The property is currently vacant, allowing for immediate occupancy, and includes a full basement with updated electrical panels, water tanks installed in 2012, and modern furnaces.

Exterior improvements include vinyl siding, vinyl windows, a newer roof, and a composite front porch. The 64x130 lot provides an expansive yard, large driveway, and a two-car garage. Separate electric meters are installed, while water service is measured through a single meter. The property is located on Cleveland’s west side near highways, shopping, dining, and local attractions.

Key Highlights

  • 3,596‑square‑foot triplex with three finished levels
  • Two 3‑bedroom units plus a 1‑bedroom efficiency
  • 64x130 lot with expansive yard and large driveway

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,060
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three finished levels include two three-bedroom units and a one-bedroom efficiency.
Where is this triplex located?
The property is located at 3408 Riverside Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 3,596‑square‑foot triplex with three finished levels; Two 3‑bedroom units plus a 1‑bedroom efficiency; 64x130 lot with expansive yard and large driveway
More about this property
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