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USAOHClevelandHenritze3909 Memphis Ave
View of front of house featuring a balcony and a porch | Image 1
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$289,000

3909 Memphis Ave, Cleveland, OH

Real Estate

For Sale

$--,---,---
520
  • Key Facts
  • Description
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Key Facts

Type Duplex
Levels Residential Income
Size 2354 sqft
Garage No
Taxes $2,270
Days Active 0
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $122
MLS® Number 5123525

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Fully furnished and previously run as a successful Airbnb, this income-producing duplex in Old Brooklyn is now leased to long-term tenants at $1, 600 per unit — totaling $3, 200/month. That’s a strong return with an estimated 9% cap rate and solid cash flow from day one. Each unit is updated and includes secure entry, automated locks, and supply closets — making future short-term rental use simple if desired. The upper unit is currently being used as a 3-bedroom, though the third room remains open as a flex space. The current owners left it unwalled to allow flexibility — offering potential to add value and increase future rents by fully converting the space. The property features central AC, a full remodel with new flooring, windows, kitchens, bathrooms, drywall, insulation, trim, doors, and appliances. A security system with video doorbell and remote access is also included. Outside, a concrete pad remains in place for buyers who may want to rebuild the garage. At the current offer price, all furnishings are included — making this truly turnkey. Located in one of Cleveland’s most in-demand rental pockets, this property is minutes from the Cleveland Metroparks Zoo, Brookside Reservation, and the shops and restaurants of the Memphis Fulton retail corridor. Tenants love the quick access to I-480, I-71, downtown Cleveland, and MetroHealth’s main campus. Whether you’re looking for a hands-off investment or an eventual house hack, this one checks all the boxes.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number5123525
Laundry LevelIn Basement
Central VacNo
FireplaceNo
Acreage0.0972
Exterior
GarageNo
Approx. Age1925
BasementFull
DrivewayDriveway, Detached, Garage
Garage Spaces
HeatForced Air, Gas
A/CCentral Air
Heating Fuel

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