Residential Income Property with
For Sale
$885,000
3771 W 36th St Avenue, Cleveland, OH 44109
Built in 1895, the property features central air, a finished walk-out lower level, and an attached side-entry garage.
Property Size5,770 SF
Price / SF$153.38
Days on Market26
Property Features for 3771 W 36th St Avenue
General Information
Standard status
Active
Size
5,770 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Brooklyn-Centre
Taxes and HOA fees
Annual Taxes
$7,376
Amenities
Ceiling Fan(s), Central Air
Forced Air, Hot Water, Steam
Full, Finished, Storage Space, Walk-Out Access
Dryer, Dishwasher, Range, Refrigerator, Washer
Vaulted Ceiling(s), Breakfast Bar, Built-in Features, Ceiling Fan(s), Crown Molding, Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Granite Counters, High Ceilings, In-Law Floorplan, Kitchen Island, Storage, Natural Woodwork, Walk-In Closet(s)
Attached, Garage, Garage Faces Side
Building Details
Year Built
1895
Buildings
2
Stories
3
Listed By:
John P Lucien
(440) 897-0834
Source:
Evrealestate
Added: Oct 2
Changed: Oct 25
Last Checked: Oct 26 at 4:05PM
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 John P Lucien
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Investment Insights
Based on property information with market context.
This residential income property dates to 1895 and includes central air, forced-air, hot-water and steam heating, plus an attached garage with side-facing access. Interior details include vaulted and cathedral ceilings, natural woodwork, granite counters, a kitchen island, and an eat-in kitchen. The finished lower level offers storage and walk-out access.
The property is at 3515 Archwood Avenue in Cleveland, Ohio. Kitchen appliances include a dishwasher, range, and refrigerator; a washer and dryer are also included.
The property is at 3515 Archwood Avenue in Cleveland, Ohio. Kitchen appliances include a dishwasher, range, and refrigerator; a washer and dryer are also included.
Key Highlights
- 1895 construction
- Finished lower level with storage and walk‑out access
- Attached garage with side‑facing access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,978
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,560
$1.3M
Cap Rate 7%
$913,971
$914.0K
Cap Rate 9%
$710,867
$710.9K
Market Conditions
NOI Build-Up for 5,770 SF
Gross rent
$121.2K $21.00/SF
− Vacancy
−$4.8K −$0.84/SF
EGI
$116.3K $20.16/SF
− OpEx
−$52.3K −$9.07/SF
NOI
$64.0K $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,560
Cap Rate 7%
$913,971
Cap Rate 9%
$710,867
Alternative Uses
Best Use
Apartment 5plus
$914.0K
$799.7K – $1.07M
NOI $63,978 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,565 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1895, the property features central air, a finished walk-out lower level, and an attached side-entry garage.
Where is this residential income property located?
The property is located at 3771 W 36th St Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 1895 construction; Finished lower level with storage and walk‑out access; Attached garage with side‑facing access
