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For sale
  • $289,000

    3909 Memphis Ave, Cleveland, OH 44109

    5beds
    2,354sqft
    : 
    Duplex, Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $123/sqft
    $-- HOA

    What's special

    Automated locksSecurity systemVideo doorbellSecure entryRemote accessCentral acNew flooring
    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.
    93 days
    on Zillow
    |
    415
    |
    39
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2025 at 02:08pm

    Listing Provided by:

    Kit Custer kitsoldit@gmail.com330-221-6578,

    RE/MAX Transitions

    Source: MLS Now,MLS#: 5123525MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3909 Memphis Ave.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Range, Refrigerator
    • Laundry: In Basement
    Features
    • Basement: Full
    Interior area
    • Total structure area: 2,354
    • Total interior livable area: 2,354 sqft
    • Finished area above ground: 2,354
    Video & virtual tour

    Property

    Parking
    • Parking features: Driveway, Detached, Garage
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 4,234.03 Square Feet
    Details
    • Parcel number: 01414014
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Aluminum Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1925

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Henritze
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $123/sqft
    • Tax assessed value: $89,800
    • Annual tax amount: $2,270
    • Date on market: 5/19/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
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