ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK — This turnkey cash cow sits in the path of rapid wealth creation on Cleveland’s West Side. MetroHealth has committed over $1 billion to its campus and surrounding area — including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd — a rare chance to lock in both instant cashflow + long-term appreciation. Both are SFHs, both Section 8 occupied. "LEAD BASED PAINT TESTED & CERTIFIED!".
TURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this — currently rented at almost $1,400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership.
Extensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing.
Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer.
For sale
Price increase: $39K (6/21)
$139,000
3947 W 22nd St, Cleveland, OH 44109
4beds
1,311sqft
Est.:
Single Family Residence
Built in 1922
3,598.06 Square Feet Lot
$-- Zestimate®
$106/sqft
$-- HOA
What's special
Updated basementFresh paint and finishesUpgraded plumbingNew bathroom vanityNew roof
- 64 days
- on Zillow |
- 555 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: June 21, 2025 at 08:09am
Listing Provided by:
Scott A Marvin 614-382-2124scottamarvin@gmail.com,
Team Results Realty
Source: MLS Now,MLS#: 5133461
Originating MLS: Other/Unspecificed

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Range, Refrigerator
Features
- Windows: Double Pane Windows
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 1,311
- Total interior livable area: 1,311 sqft
- Finished area above ground: 1,117
- Finished area below ground: 194
Video & virtual tour
Property
Parking
- Parking features: Off Street, On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,598.06 Square Feet
Details
- Parcel number: 00902098
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Fuller Kam & Krohle
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $86,600
- Annual tax amount: $2,027
- Date on market: 6/21/2025
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