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.
For sale
$289,000
3909 Memphis Ave, Cleveland, OH 44109
5beds
2,354sqft
Est.:
Duplex, Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$123/sqft
$-- HOA
What's special
Automated locksSecurity systemVideo doorbellSecure entryRemote accessCentral acNew flooring
- 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#: 5123525
Originating MLS: Akron Cleveland Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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