Rhonda Albaugh
Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: rogers@remax.net, 440-477-1188
Shown By
Agent Name: Rhonda Albaugh
Agent Phone: (330) 323-3804
Agency Title: Cutler Real Estate
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Property Description
Exceptional investment opportunity in the heart of Ohio City's sought-after SOLO neighborhood (44113). This well-positioned 4-unit property sits on an oversized 60' x 114' parcel, offering both immediate income and future upside. Each unit features 1 bedroom, 1 bath, in-unit laundry, and separately metered gas and electric?ideal for efficient management and tenant independence. The property is currently income-producing with clear value-add potential through strategic updates. Zoned 4090-C (46 Unit Apartments), the site presents a rare opportunity for further development. Investors may explore adding an additional structure (such as a duplex), subject to city approval, and potential tax abatement opportunities?enhancing long-term returns in a rapidly appreciating area.
Property Features
Property Type: Multi Unit - Multiple
Basement: Common Basement, Exterior Entry
Basement: Yes
Cooling: Other
Days on Market: 19
Heating: Forced Air, Gas
Lot Size: 0.07 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,409 / year
Year Built: 1870
Feature Descriptions
Exterior: Vinyl Siding
Laundry: In Unit
Lot: Back Yard, City Lot
Parcel#: 007-07-074
Parking: No Garage
Sewer: Public Sewer
View: City
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 2,353.28 per month $1,956.91 Principal & Interest $284.08 Property Tax $112.29 Homeowner's InsuranceChange Payment Information
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3617 Siam | MLS# 5195281
This multi-family property located at 3617 Siam, Cleveland, OH 44113 is currently listed for sale with an asking price of $385,000. Siam is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on ralbaugh.cutlerhomes.com today.