3909 Memphis AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44109
Key Details
Property Type Single Family Home
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,354 sqft
Price per Sqft $122
Subdivision Henritze
MLS Listing ID 5123525
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 2,354
Total Fin. Sqft 2354
Year Built 1925
Annual Tax Amount $2,270
Tax Year 2024
Lot Size 4,234 Sqft
Acres 0.0972
Property Sub-Type Duplex
Property Description
Fully furnished and previously run as a successful Airbnb, this income-producing duplex in Old Brooklyn is now leased to long-term tenants at $1,600 per unit — totaling $3,200/month. That's a strong return with an estimated 9% cap rate and solid cash flow from day one. Each unit is updated and includes secure entry, automated locks, and supply closets — making future short-term rental use simple if desired. The upper unit is currently being used as a 3-bedroom, though the third room remains open as a flex space. The current owners left it unwalled to allow flexibility — offering potential to add value and increase future rents by fully converting the space.
The property features central AC, a full remodel with new flooring, windows, kitchens, bathrooms, drywall, insulation, trim, doors, and appliances. A security system with video doorbell and remote access is also included. Outside, a concrete pad remains in place for buyers who may want to rebuild the garage. At the current offer price, all furnishings are included — making this truly turnkey.
Located in one of Cleveland's most in-demand rental pockets, this property is minutes from the Cleveland Metroparks Zoo, Brookside Reservation, and the shops and restaurants of the Memphis Fulton retail corridor. Tenants love the quick access to I-480, I-71, downtown Cleveland, and MetroHealth's main campus. Whether you're looking for a hands-off investment or an eventual house hack, this one checks all the boxes.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Microwave,Range,Refrigerator
Laundry In Basement
Exterior
Parking Features Driveway,Detached,Garage
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 014-14-014
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition Standard