3947 W 22nd Street, Cleveland, OH 44109
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:scott a marvin
Office:team results realty
MLS#:5133461
Source:OH_NORMLS
Price summary
- Price:$139,000
- Price per sq. ft.:$106.03
About this home
ATTENTION INVESTORS: RARE OPPORTUNITY TO CONTROL THE BLOCK — This turnkey cash cow sits in the path of rapid wealth creation on Cleveland’s West Side. MetroHealth has committed over $1 billion to its campus and surrounding area — including housing, community services, and transit upgrades. This institutional anchor is fast-tracking area home values, outpacing the broader market, which itself rose 15% year-over-year. Own 3947 W 22nd alongside 3943 W 22nd — a rare chance to lock in both instant cashflow + long-term appreciation. Both are SFHs, both Section 8 occupied. "LEAD BASED PAINT TESTED & CERTIFIED!".
TURNKEY CASH COW: Strong appreciation plays aside, Section 8 investors will love this — currently rented at almost $1,400/mo with a 100% RENT SPLIT through CMHA Section 8. That means 100% of the rent is covered by the government with $0 tenant portion risk. Tenant is cooperative, happy, great to deal with. No waiting months to fill vacancies -- government-backed income from day one of ownership.
Extensive CapEx completed: Brand new full house siding, new roof (full replacement), updated basement, fresh paint and finishes, new bathroom vanity, upgraded plumbing.
Fully rehabbed, rent-stabilized, well maintained, low-maintenance asset. Strong lease is transferrable and very owner-protective. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS.
Do not disturb tenants. 48-hour notice typically required for showings. Showings after accepted offer.
Contact an agent
Home facts
- Year built:1922
- Listing ID #:5133461
- Added:101 day(s) ago
- Updated:September 30, 2025 at 02:14 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,311 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1922
- Building area:1,311 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$139,000
- Price per sq. ft.:$106.03
- Tax amount:$2,027 (2024)
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