Property Description

Located in the heart of Ohio City, one of Cleveland's strongest rental submarkets, this four-unit property offers immediate income with significant upside. Three of the four units are currently occupied on month-to-month leases, providing in-place cash flow while allowing flexibility for repositioning or rent adjustments to market rate. One vacant one-bedroom unit (approximately 450 SF) creates an immediate opportunity for lease-up or owner-occupancy. While current financials are limited due to inherited ownership, market rents in Ohio City for comparable 1 bed / 1 bath units commonly range between $800$1,200+ per month, depending on size, condition, and finishes. With separate entrances and a corner lot location near West 25th, this asset checks the boxes for: long-term hold, value-add reposition, house-hack strategy, and portfolio expansion in a high-demand corridor. In Ohio City, scale at this price point is increasingly rare.

3202 Whitman Avenue | MLS# 5188503

This multi-family property located at 3202 Whitman Avenue, Cleveland, OH 44113 is currently listed for sale with an asking price of $365,000. Whitman Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Yes

Basement: Interior Entry, Other, Partial

Cooling: None, Other

Days on Market: 9

Heating: Forced Air

Lot Size: 0.08 Acres

Roof Type: Asphalt, Shingle

Stories: 2.0

Taxes: $9,158 / year

Year Built: 1895

Amenities

Private Entrance

Feature Descriptions

Exterior: Wood Siding

Fencing: Chain Link, Front Yard

Lot: Corner Lot, Front Yard, Irregular Lot, Other, Pie Shaped Lot

Parcel#: 003-31-050

Parking: No Garage, On Street, Unassigned

Sewer: Public Sewer

View: City, Park/Greenbelt

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3202 Whitman Avenue, Cleveland, OH 44113

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,739.33 per month $1,869.71 Principal & Interest $763.17 Property Tax $106.46 Homeowner's Insurance

Change Payment Information

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