# 3240 W 98th Street, Cleveland, OH 44102

> **TL;DR:** multi-family, $1,349,900, built 1928. Est. $5,850/mo. Listed 58 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,349,900 |
| Year Built | 1928 |
| Lot Size | 10,454 sqft (0.24 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 58 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,850 |
| **Total** | **$5,850** |

## Property Highlights

- Built in 1928
- 0.24 acre lot
- 2 stories
- 12 parking spaces

## Description

### Agent Description
Summary: All Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. Mix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail This offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland's downtown. The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. Highlights: - CAP rate operates at 7.1% "As Is", with proforma at 8.9% small adjustments needed to be implemented. - Great occupancy history. _ Currently professionally managed would stay on. - - Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving.

## Location

- **Address:** 3240 W 98th Street, Cleveland, OH 44102
- **County:** Cuyahoga
- **Coordinates:** 41.46605705, -81.75148734
- **Google Maps:** https://www.google.com/maps?q=41.46605705,-81.75148734

## Listing Agent

- **Name:** James P Matheos
- **Brokerage:** Keller Williams Citywide
- **Phone:** 4408479033
- **Email:** jmatheos@kw.com

## Primary Photo

![3240 W 98th Street - Primary Photo](http://lh.rdcpix.com/ac61a3d7e68fbdf0a53af32b4a078882l-f3472371219r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/3240-w-98th-street-cleveland-oh-44102-5186026)*

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**MLS#:** 5186026 | **Updated:** 2026-04-24
**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/3240-w-98th-street-cleveland-oh-44102-5186026)

---

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