3183 W 46th Street, Cleveland, OH 44102

Cleveland
Local realty services provided by:ERA Real Solutions Realty
3183 W 46th Street,Cleveland, OH 44102
$175,000
Virtual Tour
  • 10 Beds
  • 5 Baths
  • 4,745 sq. ft.
  • Multi-family
  • Active
Listed by: nicole raichart
Office: berkshire hathaway homeservices professional realty
MLS#:5180847
Source:OH_NORMLS

Price summary

  • Price:$175,000
  • Price per sq. ft.:$36.88

About this home

Cash-Flow Opportunity – Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included — all offered at $175,000. Unit mix: • 2 – Three-bedroom / 1 bath units • 2 – Two-bedroom / 1 bath units • Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR ˜ $1,638/mo; 2BR ˜ $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors — this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move

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Home facts

  • Year built:1880
  • Listing ID #:5180847
  • Added:1 day(s) ago
  • Updated:March 06, 2026 at 08:43 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Full bathrooms:4
  • Half bathrooms:1
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:4,745 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1880
  • Building area:4,745 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$175,000
  • Price per sq. ft.:$36.88
  • Tax amount:$2,661 (2025)
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