Renovated Three-Unit
For Sale
$395,000
4438 Pearl Rd, Cleveland, OH 44109
Fully renovated three-unit building with a separate included parking lot and basement framed for potential expansion.
Property Size5,230 SF
Price / SF$75.53
Days on Market131
Property Features for 4438 Pearl Rd
General Information
Standard status
Active
Size
5,230 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,360
Building Details
Year Renovated
2025
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Chassity Miller
(330) 604-2363
Source:
Exprealty
Added: Jun 12
Changed: Oct 19
Last Checked: Oct 19 at 7:31AM
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 EXP Realty, LLC.
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Investment Insights
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This fully renovated three-unit multifamily property includes two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all currently occupied. Interiors have been updated throughout, including flooring, cabinets, paint, bathrooms, and kitchens, and appliances convey with the sale. Key building improvements include a new furnace installed in 2025, a completely replaced flat roof, and underground plumbing redone. The basement is framed and permit-ready for 1–2 additional units, offering a clear path for future reconfiguration.
The property includes a large adjacent parking lot on a separate parcel (#012-07-027) at no additional cost. It is located near MetroHealth with easy access to I-480/I-71, and is approximately 5 miles to Downtown Cleveland. The offering can be purchased on its own or bundled with the adjacent single-family home at 4432 Pearl Road.
For investors or owner-occupants seeking a turn-key, renovated asset, the building provides immediate rental income with one unit operating under Section 8. The condition and recent mechanical and infrastructure updates reduce near-term capital needs, while the framed, permit-ready basement supports potential future expansion beyond the current three units.
The property includes a large adjacent parking lot on a separate parcel (#012-07-027) at no additional cost. It is located near MetroHealth with easy access to I-480/I-71, and is approximately 5 miles to Downtown Cleveland. The offering can be purchased on its own or bundled with the adjacent single-family home at 4432 Pearl Road.
For investors or owner-occupants seeking a turn-key, renovated asset, the building provides immediate rental income with one unit operating under Section 8. The condition and recent mechanical and infrastructure updates reduce near-term capital needs, while the framed, permit-ready basement supports potential future expansion beyond the current three units.
Key Highlights
- Fully renovated three‑unit multifamily in Cleveland’s Brooklyn Centre/Old Brooklyn—one 3/1 and two 2/1 units
- All three units currently occupied with $3,410/month income and $3,995/month upside at market rents; one unit is Section 8
- New furnace installed in 2025, with entire flat roof replaced and underground plumbing completely redone
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
864
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
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Market
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Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-unit building with a separate included parking lot and basement framed for potential expansion.
Where is this triplex located?
The property is located at 4438 Pearl Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully renovated three‑unit multifamily in Cleveland’s Brooklyn Centre/Old Brooklyn—one 3/1 and two 2/1 units; All three units currently occupied with $3,410/month income and $3,995/month upside at market rents; one unit is Section 8; New furnace installed in 2025, with entire flat roof replaced and underground plumbing completely redone
