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Updated Duplex: Value-Add Opportunity
For Sale
$175,000

3424 W 117th St, Cleveland, OH 44108

Updated duplex with immediate income potential in Cleveland.

Property Size1,986 SF
Price / SF$88.12
Days on Market166

Property Features for 3424 W 117th St

General Information

Standard status Active
Size 1,986 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $3,512
Listing Agency: RE/MAX Haven Realty
Listed By: Michael Azzam · License #2014004734
Source: Exprealty
Added: Mar 20 Changed: Aug 25 Last Checked: Aug 31 at 7:34PM

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 Haven Realty

Investment Insights

Based on property information with market context.

This updated duplex in Cleveland offers a value-add opportunity for investors seeking immediate cash flow. Each of the two units features 2 beds and 1 bath, a spacious living room, and a functional kitchen layout. A shared basement provides additional storage space. The lower unit is currently vacant with a market rent of $900 per month. The upper unit is tenant-occupied at $950 per month on a month-to-month lease. The lower unit features newer LVP flooring across the main living areas, including the living room, dining room, kitchen, and bedrooms. The bathroom has vinyl flooring, a newer vanity, updated plumbing, and a tub surround in excellent condition. The kitchen includes well-maintained cabinetry, a newer sink, and a faucet. The upper unit has vinyl flooring in the main living areas and LVP flooring in the hallways and bedrooms. The kitchen cabinetry is enhanced with a newer faucet and plumbing updates in the kitchen and bathroom sinks. The bathroom has ceramic tile flooring, a newer vanity, mirror, faucet, and a well-maintained ceramic tub surround. The basement features separate electrical panels for each unit and individually metered gas and electric utilities. Major mechanicals include a furnace estimated to be approximately 10 years old and hot water tanks from 2013 for both units. The basement has a toilet and LVP flooring on the stairway leading down. The property offers convenient access to major roads, public transportation, schools, shopping, and other local amenities. The property size is 1986 square feet. With one unit vacant and the other providing steady income, this duplex is well-positioned for investors seeking a balanced mix of immediate returns and future appreciation.

Key Highlights

  • Immediate cash flow potential with one unit rented at $950/month.
  • Updated units with newer flooring, vanities, plumbing, and kitchen fixtures.
  • Separate electrical panels and individually metered gas & electric utilities for each unit.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

777
Businesses Nearby

Demographics for 44108, OH

20,005
Population
11,798
Households
1.7
Avg Household Size
41
Median Age
16%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,446
Density / Sq Mi
$32,530
Median Household Income
$29,040
Median Earnings
$910
Median Rent
$62,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Updated duplex with immediate income potential in Cleveland.
Where is this duplex located?
The property is located at 3424 W 117th St Cleveland, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Immediate cash flow potential with one unit rented at $950/month.; Updated units with newer flooring, vanities, plumbing, and kitchen fixtures.; Separate electrical panels and individually metered gas & electric utilities for each unit.
More about this property
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