3429 Martin Luther King Jr Drive, Cleveland, OH 44104

• 6 beds |
• 2 baths |
• 3,382 sqft

Property Description

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 consistent payments. Whether you’re 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.

Listing Status:

Active

Listing Office:

Keller Williams Citywide : 440-892-2211

Listing Agent:

Joel Rodriguez Velez : 216-313-1578

MLS ID:

5174021

Interior

• Laundry: In BasementLower Level
• Basement: Unfinished
• A/C: Wall Unit(s)
• Heating: Forced Air

Exterior

• Parking: DrivewayDetachedGarage

Construction

• Roofing: Shingle
• General: Wood SidingThree Or More

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 443 WDL E BLVD 0012 ALL127-26-038

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM

This listing courtesy of Joel Rodriguez Velez, Keller Williams Citywide