Exceptional investment opportunity in the heart of Ohio City's sought-after SOLO neighborhood (44113). This well-positioned 4-unit property sits on an oversized 60' x 114' parcel, offering both immediate income and future upside. Each unit features 1 bedroom, 1 bath, in-unit laundry, and separately metered gas and electric?ideal for efficient management and tenant independence. The property is currently income-producing with clear value-add potential through strategic updates. Zoned 4090-C (46 Unit Apartments), the site presents a rare opportunity for further development. Investors may explore adding an additional structure (such as a duplex), subject to city approval, and potential tax abatement opportunities?enhancing long-term returns in a rapidly appreciating area.
Listed By
Agency Name: RE/MAX Above & Beyond
Agency Contact: rogers@remax.net, 440-477-1188
Shown By
Agent Name: The Shahmardian Group
Agent Phone: (970) 637-7882
Agency Title: Key Realty
Estimated Payment
$ 2,549.96 per month $2,153.58 Principal & Interest $284.08 Property Tax $112.29 Homeowner's Insurance
3617 Siam | MLS# 5195281
This multi-family property located at 3617 Siam, Cleveland, OH 44113 is currently listed for sale with an asking price of $385,000. Siam is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.shahmardian.com today.