Fantastic Tri-Plex Investment Opportunity at 3107 Archwood Ave, Cleveland, OH 44109 Don’t miss this incredible opportunity to own a tri-plex in the heart of Cleveland’s historic Archwood-Denison neighborhood! This spacious, well-maintained property at 3107 Archwood Ave offers three separate units, each with its own charm, making it an ideal investment for savvy buyers looking for rental income or multi-generational living. The property consists of two large 2-bedroom, 1-bathroom units and a cozy 1-bedroom, 1-bathroom unit, providing flexibility for various living arrangements. Each unit features well-lit living spaces, separate utilities, and updated kitchens and bathrooms. With ample storage space and a shared basement, tenants will appreciate the practicality and convenience of this home. The tri-plex is situated on a lovely tree-lined street, offering a serene and peaceful setting, while still being close to all the amenities Cleveland has to offer. Just minutes from shopping, restaurants, and major highways, the location provides easy access to downtown Cleveland and the surrounding suburbs. Whether you’re looking to live in one unit and rent the others or rent out all three, this property offers significant income potential. With its strong rental history and location in a thriving neighborhood, 3107 Archwood Ave is an outstanding investment! Property Highlights: 3-unit tri-plex: two 2-bedroom units and one 1-bedroom unit Updated kitchens and bathrooms Shared basement with ample storage Tree-lined street with excellent curb appeal Garage potential as additional source of rental income Prime location with easy access to downtown Cleveland, highways, and local amenities Investment Potential: This unique property is perfect for investors seeking steady rental income or owner-occupants looking to offset costs with rental income. Schedule your tour today to explore its potential!
Property Details
Property Features
Property Information:
Year Built: 1905
Stories: 3
Living Area: 3,248 SqFt
Listing Office:
Office Name: BHR & Associates
Office Email: andreasold74@gmail.com
Listing Agent: Andrea T Wilson
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached, Garage, Paved
Lot Features
Lot Information:
Lot Size: 0.15 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: None
Other
Directions Information:
Directions: W25th to Archwood
Price Information
Listing Price Info
Price Summary:
List Price: $240,000
Price Per SqFt: $74/SqFt
Tax Information:
Annual Amount: $3,247
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Cleveland, OH.
This property is $75.7K more than the Median Sold Price and $26/SqFt less than other homes in Cleveland, OH.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: NOWDD
MLS Number: #5074542
Listing Office:
Office Name: BHR & Associates
Office Email: andreasold74@gmail.com
Listing Agent: Andrea T Wilson
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 04, 2020
Nov 04, 2020Home Sold
$114,440
Nov 04, 2020
Nov 04, 2020Home Sold
$114,440
Jan 19, 2016
Jan 19, 2016Home Sold
$26,667
Jul 15, 2003
Jul 15, 2003Home Sold
$134,500
Mar 27, 2002
Mar 27, 2002Home Sold
$80,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,247
$36,750
2019
$3,007
$36,760
2018
$2,997
$36,760
2017
$2,746
$32,480
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Constellation Schools: Old Brooklyn Community Elementary School
4430 State Rd
Distance between this listing and this school1.28 miles
Public Charter Grades KG-4
4
/10
Constellation Schools: Stockyard Community Elementary School
3200 W 65th St
Distance between this listing and this school1.72 miles
Public Charter Grades KG-6
4
/10
William Rainey Harper IB Candidacy School
5515 Ira Ave
Distance between this listing and this school2.01 miles
Public District Grades PK-3
Nearby Schools
4
/10
Denison School
3799 W 33rd St
Distance between this listing and this school0.05 miles
Public District Grades PK-8
4
/10
Horizon Science Academy-Denison Middle School
1700 Denison Ave
Distance between this listing and this school0.59 miles
Public Charter Grades KG-8
4
/10
Lincoln Park Academy
3185 W 41st St
Distance between this listing and this school1.11 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Lincoln West School of Science and Health
3202 W 30th St
Distance between this listing and this school0.99 miles
Public District Grades 9-12
3
/10
Lincoln West School of Global Studies
3202 W 30th St
Distance between this listing and this school0.99 miles
Public District Grades 9-12
2
/10
Frederick Douglass High School
3167 Fulton Rd
Distance between this listing and this school1.10 miles
The neighbors living near this home have an average income of $28,198. Residents of Cleveland, OH typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 3107 Archwood Ave in Cleveland, OH and zip code 44109 in the Brooklyn Center neighborhood. This 3,248 square foot home, which was built in 1905, sits on a 0.15 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $240,000.
Over 275 listings were sold over their listed price in October 2024 in Cleveland, OH. In the same period over 333 listings were sold below the listed price and 110 listings were sold for the listed price. The inventory of homes for sale in Cleveland, OH between September 2024 and October 2024 increased by 4.7%. The median list price of listings available in October 2024 was $164,291, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.