# 3150 W 40th Street, Cleveland, OH 44109

> **TL;DR:** 4bd/2ba residential multi family, $125,000 ($87/sqft), built 1910, 1,430 sqft. Est. $542/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $125,000 |
| Price/sqft | $87 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 1,430 |
| Year Built | 1910 |
| Lot Size | 3,720 sqft (0.09 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $542 |
| **Total** | **$542** |

## Property Highlights

- Built in 1910
- 0.09 acre lot
- 2 stories

## Description

### Agent Description
Rare opportunity to acquire a 10-unit multifamily portfolio consisting of five duplexes located within minutes of each other across Cleveland's westside rental corridors including Clark-Fulton, Stockyards, and West Boulevard. This portfolio offers investors the chance to acquire scale and execute a clear value-add stabilization strategy. The properties are currently in transition with 4 occupied units and 6 units vacant or in turnover, creating an opportunity for experienced investors to renovate, lease-up, and increase rents across the portfolio. The unit mix consists of 2- and 3-bedroom units, with market rents in the surrounding areas supporting approximately $1,000-$1,200 per unit once renovated and stabilized. Estimated renovation scope across the portfolio is approximately $120,000, including one heavier project requiring mechanical replacement and exterior improvements, along with several lighter unit turns. Once stabilized, the portfolio has the potential to generate $120K+ in annual gross rental income, with projected portfolio value approaching $950K-$1M. The property will be sold as the a portfolio during the initial marketing period. Ideal opportunity for experienced investors or operators seeking a westside Cleveland value-add multifamily project. Detailed rent projections and property information available upon request. See MLS 5191112 & 5191117 & 5191122 & 5191124 & 5191126. Tenant occupied units will only be shown once an offer has been accepted. EMAIL for any additional questions. $695,000 for the entire portfolio. NO SELLER FINANCING.

## Location

- **Address:** 3150 W 40th Street, Cleveland, OH 44109
- **County:** Cuyahoga
- **Neighborhood:** Rhodes Hartnell Barber & Selde
- **Coordinates:** 41.468305, -81.712471
- **Google Maps:** https://www.google.com/maps?q=41.468305,-81.712471

## Listing Agent

- **Name:** Michael L Magno
- **Brokerage:** Keller Williams Living
- **Phone:** 2162368849
- **Email:** michael@themagnogroup.com

## Primary Photo

![3150 W 40th Street - Primary Photo](http://lh.rdcpix.com/3dfe4f469f142b12d477ff0fa24e335bl-f4078189266r.jpg)

*45 total photos available on [listing page](https://www.propertysimple.com/listing/3150-w-40th-street-cleveland-oh-44109-5191126)*

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**MLS#:** 5191126 | **Updated:** 2026-04-26
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3150-w-40th-street-cleveland-oh-44109-5191126)

---

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