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About This Home
This 5-bedroom, 2-bathroom residential multi family at 3316 W 97th Street in Cleveland, OH is listed for $199,900 ($65 per sqft). Built in 1915, the home offers 3,058 sqft of living space on a 0.11 acres lot.
Welcome to the Cleveland investment market! This fully occupied, turnkey duplex presents an outstanding opportunity for both seasoned and first-time investors looking to generate immediate cash flow. Currently producing $2,050 per month in rental income, this property offers strong returns with an estimated cap rate of approximately 10%+ (based on market operating assumptions), making it a valuable addition to any investment portfolio.
Each unit has been well maintained and features spacious layouts, including an oversized 2-bedroom, 1-bath lower unit and an oversized 3-bedroom, 1-bath upper unit. The property showcases beautiful original woodwork in pristine condition, a rare find that adds character and long-term tenant appeal.
Major capital improvements provide peace of mind for the next owner, including a full roof and sheathing replacement completed in 2025 and a rear porch roof replacement in 2024, helping minimize near-term maintenance expenses. This is truly a set-it-and-collect-rent opportunity in one of the Midwest's strongest cash-flow markets. Don't miss your chance to secure a performing asset - schedule your private showing today and see how YOU can start or expand your real estate investing journey!
Key Features
- Built in 1915
- 0.11 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,069/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3316 W 97th Street
Cleveland, OH 44102
H C Fords
Property Details
Construction
Parking
Heating
Appliances
Questions & Answers
This 5-bedroom, 2-bathroom residential multi family at 3316 W 97th Street is listed at $199,900 ($65/sqft). The estimated monthly payment is $866 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.11 acre lot, 2 stories.
This property is listed by Megan Gordon and can be reached at 2163928075 or megangordon@kw.com.




































