3617 SiamCleveland, OH 44113

3617 SiamCleveland, OH 44113

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$385,000 Active
Multi Unit - Multiple MLS 5195281 New to the Market
4 beds 4 full baths 2,336 sqft
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Listed By

Agency Name: RE/MAX Above & Beyond
Agency Contact: rogers@remax.net, 440-477-1188

Shown By

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

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Property Description

Exceptional investment opportunity in the heart of Ohio City's sought-after SOLO neighborhood (44113). This well-positioned 4-unit property sits on an oversized 60' x 114' parcel, offering both immediate income and future upside. Each unit features 1 bedroom, 1 bath, in-unit laundry, and separately metered gas and electric?ideal for efficient management and tenant independence. The property is currently income-producing with clear value-add potential through strategic updates. Zoned 4090-C (46 Unit Apartments), the site presents a rare opportunity for further development. Investors may explore adding an additional structure (such as a duplex), subject to city approval, and potential tax abatement opportunities?enhancing long-term returns in a rapidly appreciating area.

3617 Siam | MLS# 5195281

This multi-family property located at 3617 Siam, Cleveland, OH 44113 is currently listed for sale with an asking price of $385,000. Siam 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: Common Basement, Exterior Entry
Basement: Yes
Cooling: Other
Days on Market: 2
Heating: Forced Air, Gas
Lot Size: 0.07 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,409 / year
Year Built: 1870

Feature Descriptions

Exterior: Vinyl Siding
Laundry: In Unit
Lot: Back Yard, City Lot
Parcel#: 007-07-074
Parking: No Garage
Sewer: Public Sewer
View: City
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3617 Siam, Cleveland, OH 44113
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

$ 2,274.79 per month $1,878.42 Principal & Interest $284.08 Property Tax $112.29 Homeowner's Insurance

Change Payment Information

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