3408 Riverside AvenueCleveland, OH 44109

3408 Riverside AvenueCleveland, OH 44109

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$199,000 Active
Multi Unit - Multiple MLS 5234368 New to the Market
7 beds 3 full baths 2,422 sqft

Listed By

Agency Name: Keller Williams Living
Agency Contact: james@impactsellshomes.com, 440-391-0159

Shown By

Agency Title: Cutler Real Estate
Agency Phone:

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Property Description

Excellent investment opportunity on Cleveland's west side! This spacious three-family property offers a versatile unit mix and strong income potential, making it an ideal addition to any investment portfolio or a great option for an owner-occupant looking to offset their mortgage with rental income. The first and second-floor units each feature spacious 3-bedroom layouts with comfortable living areas, functional kitchens, and plenty of natural light. The third-floor unit offers a well-designed 1-bedroom apartment, providing an attractive mix of rental options. Major exterior improvements have already been completed, including a new roof (2024) and new vinyl siding (2025), while additional updates include updated furnaces (2013), electrical panels, and hot water tanks (2012). Situated on an oversized lot, the property also offers a detached two-car garage, ample off-street parking, and a large yard. With the major capital improvements already in place, this property is ready for a new owner to add cosmetic updates and unlock its full income potential. Conveniently located near shopping, dining, public transportation, parks, and major highways, this is an excellent opportunity to build equity and generate long-term cash flow. Immediate possession available.

3408 Riverside Avenue | MLS# 5234368

This multi-family property located at 3408 Riverside Avenue, Cleveland, OH 44109 is currently listed for sale with an asking price of $199,000. Riverside Avenue is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 235fallisroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Garage: 2
Heating: Forced Air
Lot Size: 0.18 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $4,494 / year
Year Built: 1890

Feature Descriptions

Exterior: Vinyl Siding
Parcel#: 015-19-067
Parking: Driveway, Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3408 Riverside Avenue, Cleveland, OH 44109
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

$ 1,451.92 per month $1,019.38 Principal & Interest $374.50 Property Tax $58.04 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage