# 3738 W 137th Street, Cleveland, OH 44111

> **TL;DR:** 6bd/4ba residential multi family, $339,000 ($41/sqft), built 1927, 8,288 sqft. Est. $1,469/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $339,000 |
| Price/sqft | $41 |
| Bedrooms | 6 |
| Bathrooms | 4 full |
| Square Feet | 8,288 |
| Year Built | 1927 |
| Lot Size | 4,800 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,469 |
| **Total** | **$1,469** |

## Property Highlights

- Built in 1927
- 0.11 acre lot
- 2 stories

## Description

### Agent Description
ATTENTION VALUE-ADD INVESTORS: 30-YEAR LEGACY PROPERTY WITH MASSIVE UPSIDE! Unlock incredible equity in this rock-solid, all-brick 4-plex located in a high-demand rental pocket of Cleveland. Held by the same owner for over 30 years, this property is the definition of a "diamond in the rough." While the building requires some TLC and shows deferred maintenance (condition is slightly below average), the structural integrity of this all-brick 1927 build is a major selling point that is hard to find in today's market. WHY THIS IS THE DEAL OF THE YEAR: * Massive Rent Spread: Rents are currently significantly below market value. With professional management and cosmetic updates, there is a clear path to double the current NOI. * Solid Infrastructure: A "forever" building with 2) 2-bed/1-bath and 2) 1-bed/1-bath units. It features separate gas/electric meters, newer water tanks, and a sturdy brick exterior. * In-Demand Amenities: Includes 2 off-street parking spaces and basement washer/dryer hookups-essential features that drive 0% vacancy. * Priced for the Spread: Strategically priced to account for maintenance needs, allowing the next owner to capture the appreciation gap as the property is brought to "Market Gold" standard. * Financials: Currently performing at a 6.3% Cap Rate even with below-market rents. Projections show a total equity accumulation of over $117k within Year 1 following stabilization. Bring your contractor and your vision-this is a "set it and forget it" asset once the initial work is done. Priced to Sell AS-IS no retrade. Can show 1 vacant unit - Don't miss this one!

## Location

- **Address:** 3738 W 137th Street, Cleveland, OH 44111
- **County:** Cuyahoga
- **Neighborhood:** Fairwdhts
- **Coordinates:** 41.452552, -81.786996
- **Google Maps:** https://www.google.com/maps?q=41.452552,-81.786996

## Listing Agent

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

## Primary Photo

![3738 W 137th Street - Primary Photo](http://lh.rdcpix.com/aeb802b1fd86dbcc063508a54543c9e5l-f2488815538r.jpg)

*29 total photos available on [listing page](https://www.propertysimple.com/listing/3738-w-137th-street-cleveland-oh-44111-5202364)*

---

**MLS#:** 5202364 | **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/3738-w-137th-street-cleveland-oh-44111-5202364)

---

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  "description": "ATTENTION VALUE-ADD INVESTORS: 30-YEAR LEGACY PROPERTY WITH MASSIVE UPSIDE! Unlock incredible equity in this rock-solid, all-brick 4-plex located in a high-demand rental pocket of Cleveland. Held by the same owner for over 30 years, this property is the definition of a \"diamond in the rough.\" While the building requires some TLC and shows deferred maintenance (condition is slightly below average), the structural integrity of this all-brick 1927 build is a major selling point that is hard to find",
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