1 month on rocket

3107 Archwood Ave, Cleveland, OH, 44109

$240,000

Home List Price

$2,850*

Closing Credit

6 Bedrooms
3 Full Baths
3,248 SqFt
$74/SqFt
Multi

Location

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3107 Archwood Ave, Cleveland$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDetached, Garage, Paved
Garage2 spaces
Year Built1905
HeatingForced Air, Natural Gas
CoolingNone
MLS #5074542
Lot Size0.15 Acres
StatusActive

About 3107 Archwood Ave

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.

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

3107 Archwood Ave vs Cleveland

51 DAYS ON ROCKET

+15 Days

$240,000

+$75.7K More

$74/SqFt

-$26 Less

KEY TAKEAWAY

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

IDXCopyright 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

Nov 04, 2020Home Sold
$114,440
Nov 04, 2020Home Sold
$114,440
Jan 19, 2016Home Sold
$26,667
Jul 15, 2003Home Sold
$134,500
Mar 27, 2002Home Sold
$80,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$1,265

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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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.

Nearby Schools

school-card-donut-710685
2
/10
  • Constellation Schools: Old Brooklyn Community Elementary School

  • 4430 State Rd

  • 1.28 miles

  • Public Charter Grades KG-4

school-card-donut-710686
4
/10
  • Constellation Schools: Stockyard Community Elementary School

  • 3200 W 65th St

  • 1.72 miles

  • Public Charter Grades KG-6

school-card-donut-710687
4
/10
  • William Rainey Harper IB Candidacy School

  • 5515 Ira Ave

  • 2.01 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

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.

All data provided by Home Junction and Claritas


Rocket HomesOhioCuyahoga CountyCleveland441093107 Archwood Ave

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.

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