3429 Martin Luther King Jr Drive, Cleveland, OH 44104

Local realty services provided by:Better Homes and Gardens Real Estate Central
3429 Martin Luther King Jr Drive,Cleveland, OH 44104
$274,900
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  • 6 Beds
  • 2 Baths
  • 3,382 sq. ft.
  • Multi-family
  • Active
Listed by: joel rodriguez velez
Office: keller williams citywide
MLS#:5174021
Source:OH_NORMLS

Price summary

  • Price:$274,900
  • Price per sq. ft.:$81.28

About this home

Attention investors and owner-occupants. This fully renovated multifamily delivers strong projected income with rents of $1,468 + $1,468 + $937, giving you $3,873 per month once leased. With an estimated NOI of around $30,000 and an approximate 11% cap rate, the numbers speak for themselves. Completely updated in 2025, this property offers true turnkey living with new kitchens, updated bathrooms, fresh flooring, neutral paint, and solid mechanical upgrades. The home features new electrical, new plumbing, new vinyl windows, new water tanks, a new roof, and new HVAC, providing reliable performance for years ahead. Each unit offers spacious layouts, generous bedroom sizes, and clean finishes that attract quality tenants. The third level bonus unit, equipped with its own kitchen and bathroom, adds an additional income stream to maximize profitability. The property is CMHA compliant, with all required inspections completed, ideal for investors seeking dependable tenant demand and

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Home facts

  • Year built:1930
  • Listing ID #:5174021
  • Added:16 day(s) ago
  • Updated:December 19, 2025 at 03:13 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:3,382 sq. ft.

Heating and cooling

  • Cooling:Wall Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1930
  • Building area:3,382 sq. ft.
  • Lot area:0.18 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$274,900
  • Price per sq. ft.:$81.28
  • Tax amount:$1,709 (2024)
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