3438 Martin Luther King Jr DriveCleveland, OH 44104

3438 Martin Luther King Jr DriveCleveland, OH 44104

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$219,900 Active
Multi Unit - Multiple MLS 5194919 New to the Market
6 beds 2 full baths 4,269 sqft

Listed By

Agency Name: Dwelling Network Advisors
Agency Contact: 440-232-9111, sales@dwellingnetworkadvisors.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

This one-of-a-kind side-by-side two-family property offers a unique opportunity for both homeowners and investors. Each unit features three spacious bedrooms and one full bathroom, providing comfortable living space for residents. Both units have their own separate basements, ensuring privacy and additional storage or utility space. The interiors are designed with convenience and comfort in mind. Each unit includes a large living room, a formal dining room suitable for gatherings, and an eat-in kitchen that accommodates family meals. For added privacy and flexibility, each side has its own front and back entrances, allowing for easy and independent access. Throughout the property, beautiful luxury vinyl plank (LVP) woodwork enhances the visual appeal and durability of the interiors. The full, unfinished basements are equipped with vinyl block windows and modern electrical breaker boxes, providing a safe and functional foundation for both units. The roof is in good condition, and vinyl windows are installed throughout the property for energy efficiency and low maintenance. Prior to transfer, the property will receive City of Cleveland lead certification, ensuring compliance with safety standards and peace of mind for new owners. This property boasts an excellent location near downtown Cleveland, with quick access to Case Western Reserve University, Cleveland Clinic, University Hospitals, VA Hospital, and University Circle. Whether you choose to live in one unit while renting out the other, or add this building to your real estate portfolio, this is a rare investment opportunity you won't want to miss.

3438 Martin Luther King Jr Drive | MLS# 5194919

This multi-family property located at 3438 Martin Luther King Jr Drive, Cleveland, OH 44104 is currently listed for sale with an asking price of $219,900. Martin Luther King Jr Drive is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Garage: 3
Heating: Forced Air
Lot Size: 0.18 Acres
Roof Type: Asphalt, Shingle
Stories: 3.0
Taxes: $4,818 / year
Year Built: 1921

Feature Descriptions

Exterior: Vinyl Siding
Fencing: Chain Link
Parcel#: 127-26-019
Parking: Detached, Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3438 Martin Luther King Jr Drive, Cleveland, OH 44104
Fips
Fips Code 39035
Population
2020 to 2023 Change down 2.5%
2010 Count 1,280,122
2020 Count 1,264,817
2023 Estimate (V2023) 1,233,088
2020 Estimate (V2023) 1,264,775
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 20.3%
18 to 64 54.8%
65 and Older 19.6%
Gender
Male 48.1%
Female 51.9%
Place of Birth
Foreign 7.6%
US 92.4%
Education
High School Graduate, Age 25+ 90.9%
Bachelor's Degree or Higher, Age 25+ 35.2%
Computer and Internet use
Households with a computer 92.0%
Households with a broadband Internet subscription 85.7%
Language
English is Second Language, Age 5+ 12.3%
English is First Language, Age 5+ 87.7%
Veterans
Veterans 60,427
Income
Per Capita Income $39,807
Median Household Income $60,074
People in Poverty 16.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 615,116
Households 552,421
Average Household Size 2.23
Owner-Occupied 58.4%
Multi-Family 34.9%
Owner-Occupied Median Value $168,700
Median selected monthly owner costs -with a mortgage $1,472
Median selected monthly owner costs -without a mortgage $630
Median gross rent $952
Building Permits
New Private Housing Issued 2023 1,028
Years at Residence
1 Year or More 86.1%
Less Than 1 Year 13.9%
Business and Employment
Private non-farm Establishments 31,738
Private non-farm Employment 631,443
Private non-farm Employment Growth up 0.7%
Nonemployer Establishments 105,877
Number of Firms 114,192
Business Production
Value of Shipments $23,225,392,000
Wholesale Trade $24,854,217,000
Retail Trade $16,920,714,000
Retail Sales Per Capita $11,914
Accommodation and Food Services $3,332,698,000
Land
Land Area 457.19 sq. miles
Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,538.53 per month $1,072.89 Principal & Interest $401.50 Property Tax $64.14 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage