$1,959

closing credit¹

3062 W 48th St Cleveland, OH 44102

$165,000
5 beds
2 full
1,900 sqft
0.1 acres
$87 / sqft
Multi-Family

Property details

About 3062 W 48th St

Investment Opportunity: Fully Vacant Duplex with 5 Bedrooms and 2 Bathrooms Unlock the potential of this prime investment opportunity! Presenting a fully vacant duplex, perfectly positioned for savvy real estate investors seeking immediate cash flow and long-term appreciation. This property features two spacious units, boasting 5 bedrooms and 2 bathrooms, providing ample space for families or multiple tenants. There is also an additional finished space above the second unit! Whether you're a seasoned investor or just starting, this fully vacant duplex is a smart addition to your portfolio. Don't miss your chance to acquire a property that promises both immediate returns and long-term growth. Schedule a viewing today!

Highlights

Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
Size1,900 sqft
BasementYes
Lot size0.1148 Acres
Year built1908
ParkingDriveway, Detached, Garage
MLS #5094717
Garage1 space

Summary

  • MLS Number: 5094717
  • MLS Name: NOWDD
  • Office Name: EXP Realty, LLC.
  • Office Phone: (330) 741-1237
  • Office Email: realtorrhemeyer@gmail.com
  • Listing Agent: Ryan Hemeyer

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property with a sunroom

$165,000

3062 W 48th St

$1,959

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 12, 2021
Home Sold
$90,000
Apr 26, 2013
Home Sold
$15,000

Tax history

YearAssessmentProperty Tax
2020$10,850$959
2019$10,860$888
2018$10,860$885
2017$12,290$1,039

History based on county public records data.

Nearby schools

4

Constellation Schools: Stockyard Community Elementary School

Public Charter KG-6

0.6 mi

3200 W 65th St

5

Louisa May Alcott Elementary School

Public District KG-5

2.1 mi

10308 Baltic Rd

2

Constellation Schools: Old Brooklyn Community Elementary School

Public Charter KG-4

2.6 mi

4430 State Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $24,085. Most Cleveland, OH residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

63%
<35k
35%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

44%
Single, No Kids
33%
Single, with Kids
12%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

22%
<11 yrs old
10%
12-17 yrs old
25%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Boston MarketBoston Market
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • HondaHonda
  • DodgeDodge

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 3062 W 48th St in Cleveland, OH and zip code 44102 in the Taylor & Hoyat neighborhood. This 1,900 square foot home, which was built in 1908, sits on a 0.11 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $165,000.

In December 2024, from all listings sold in Cleveland, OH there were more than 201 sold above asking price, over 358 sold below and more than 86 were sold right at the asked price. In December 2024 in Cleveland, OH there were 7.2% less homes for sale than in November. The median list price of listings available in December 2024 was $167,853, while the average time on the real estate market was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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