3334 W 82nd St - 4 Units
3334 West 82nd St, Cleveland, OH 44102
Price
$199,000
Units
4
Cap Rate
5.47%
NOI
$10,893
Price / Unit
$4,975
Occupancy
50%
Year Built
1910
Type
2-4 Units
Proforma
Cap Rate
12.51%
NOI
$24,900
About This Property
Four-unit investment property on Cleveland's west side offered at just $49,750/door — currently generating $10,893 in annual NOI at a 5.47% cap rate with two of four units occupied, leaving meaningful upside as the remaining units are leased. Built in 1910, this well-constructed multi-family sits in the 44102 zip code with easy access to I-90, I-71, and I-480, making it a consistently rentable location for Cleveland's west-side workforce. The proforma tells the better story: fully leased at market rents, NOI climbs to $24,900 and the cap rate reaches 12.51%. Go-and-show for qualified buyers.