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Investment Property for Sale at 3429 Martin Luther King Jr Drive in Cleveland, OH for $274,900

Open House Saturday, December 13, 2025 11:00 am – 1:00 pm

Listing data last changed 12/09/2025 - 3:11am
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3429 Martin Luther King Jr Drive | Cleveland

$274,900 | 6 Beds | 2 Baths (2 Full) | 3,382 Sq. Ft.

Attention investors and owner-occupants. This fully renovated multifamily delivers strong projected income with rents of $1,468 \u002B $1,468 \u002B $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 consistent payments.\r\nWhether you\u2019re purchasing strictly as an investment or planning to live in one unit while the other two cover your mortgage, this home offers flexibility and long term value. Located near major highways, transit, parks, schools, hospitals, and employment centers, it sits in a high demand area with strong rental appeal. A true turnkey addition to any portfolio. Schedule your private tour today. MLSNow 5174021 Directions to property: N off Union

MLS Listing ID: 
MLSNow 5174021
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$274,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Property Sub Type: 
Duplex
Primary Market Area: 
Cleveland
Address: 
3429 Martin Luther King Jr Drive, Cleveland, OH 44104
County: 
Cuyahoga
Latitude: 
41.4654570
Longitude: 
-81.6064810
Directions: 
N off Union
Public Remarks: 
Attention investors and owner-occupants. This fully renovated multifamily delivers strong projected income with rents of $1,468 \u002B $1,468 \u002B $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 consistent payments.\r\nWhether you\u2019re purchasing strictly as an investment or planning to live in one unit while the other two cover your mortgage, this home offers flexibility and long term value. Located near major highways, transit, parks, schools, hospitals, and employment centers, it sits in a high demand area with strong rental appeal. A true turnkey addition to any portfolio. Schedule your private tour today.
Community Information
School District: 
Cleveland Municipal - 1809
Subdivision: 
Woodhill East Blvd Sub
Building Details
Details about the building on a property.
Year Built: 
1930
Living Area: 
3,382
Basement: 
Unfinished
Construction
Construction Materials: 
Wood Siding
Roof: 
Shingle
Room Details
Details about the rooms in the building.
Total Rooms: 
10
Total Bedrooms: 
6
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
Wall Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.18
Lot Size (Area): 
0.18
Lot Features
Parking Type: 
Driveway,Detached,Garage
Public Record
Parcel Number: 
127-26-038
Annual Tax: 
$1,709.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Citywide

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