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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.

Agent Description

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

2 stories
2 full
1915

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

3316 W 97th Street

Cleveland, OH 44102

H C Fords

Property Details

Construction

AluminumSiding

Parking

Off StreetDriveway

Heating

Forced Air

Appliances

RangeRefrigerator

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.

MG

Megan Gordon

Agent at Keller Williams Citywide

(216) 392-8075

Listed by Keller Williams Citywide

MLS# 5189396· Source: listhub· Updated 43 days ago

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.

3316 W 97th Street, Cleveland, OH 44102

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