5 days on Rocket
#5134335, Shoshana Socher, Listing office: Keller Williams Greater Metropolitan
$133,333 List price
3831 W 40th St Cleveland, OH 44109
3 beds
1 full
1,043 sqft
0.04 acres
$128 / sqft
House
Property details
About 3831 W 40th St
Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio’s most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you’ll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland’s rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let’s connect.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size1,043 sqft
BasementYes
Lot size0.0358 Acres
Year built1913
ParkingOn Street
MLS #5134302
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: On Street
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $133,333
- Price/SqFt: $127
- Annual Tax Amount: $771
- Tax Year: 2023
- Directions: Right on W 40th St.
- Year Built: 1913
- Stories: 2
- Living Area: 1,043 SqFt
- Lot Size: 0.0358 Acres
- MLS Number: 5134302
- MLS Name: NOWDD
- Office Name: Keller Williams Greater Metropolitan
- Office Phone: (216) 255-7377
- Office Email: shoshana@thesocherteam.com
- Listing Agent: Shoshana Socher
Copyright 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: 7/2/2025, 7:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 29, 2023 | Home Sold | $44,900 |
| Dec 12, 2019 | Home Sold | $26,000 |
| Mar 29, 2017 | Home Sold | $61,125 |
| Jun 21, 2016 | Home Sold | $48,000 |
| Feb 03, 2016 | Home Sold | $14,000 |
| Mar 04, 2004 | Home Sold | $39,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $9,950 | $771 |
| 2022 | $9,950 | $805 |
| 2021 | $9,940 | $759 |
| 2020 | $7,700 | $681 |
| 2019 | $7,710 | $630 |
| 2018 | $7,710 | $628 |
| 2017 | $9,880 | $835 |
History based on county public records data.
Nearby schools
2
Constellation Schools: Old Brooklyn Community Elementary School
Public Charter KG-4
1.2 mi
•4430 State Rd
4
Constellation Schools: Stockyard Community Elementary School
Public Charter KG-6
1.5 mi
•3200 W 65th St
4
William Rainey Harper IB Candidacy School
Public District PK-3
1.7 mi
•5515 Ira Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,280. Residents of Cleveland, OH typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
49%
<35k
47%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
23%
Single, with Kids
18%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
26%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Boston Market
What do the neighbors drive?
Kia
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3831 W 40th St
The listing price of 3831 W 40th St property is $133,333.
The property 3831 W 40th St is a house located in Cleveland, Ohio, 44109.
Active Listing: 3831 W 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3831 W 40th St are: Constellation Schools: Old Brooklyn Community Elementary School (GreatSchools Rating 2/10), Constellation Schools: Stockyard Community Elementary School (GreatSchools Rating 4/10), William Rainey Harper IB Candidacy School (GreatSchools Rating 4/10), Denison School (GreatSchools Rating 4/10), Horizon Science Academy-Denison Middle School (GreatSchools Rating 4/10), Lincoln Park Academy (GreatSchools Rating 4/10), Facing History New Tech High School (GreatSchools Rating 3/10), Lincoln West School of Science and Health (GreatSchools Rating 2/10), Lincoln West School of Global Studies (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $771 (source: MLS/based on county public records data).
The last sale was on August 29, 2023 for $44,900 (source: MLS/tax record).
The property at 3831 W 40th St has 3 bedrooms and 1 bathroom.
The property 3831 W 40th St is 1,043 SqFt (source: MLS/tax record).
The year of construction for 3831 W 40th St is 1913.
This home is located at 3831 W 40th St in Cleveland, OH and zip code 44109 in the Brooklyn Center neighborhood. This 1,043 square foot home, which was built in 1913, sits on a 0.04 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $133,333.
While more than 306 listings in Cleveland, OH in June 2025 were sold above asking price, there were more than 98 listings sold at asking price, and more than 335 were sold below. The inventory of homes for sale in Cleveland, OH between May and June 2025 increased by 3.7%. The median list price of listings available in June 2025 was $173,756, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.