5940 Engel Avenue
Cleveland, OH 44127
- 6 beds
- 3 baths
- – sqft
- 4,199 sqft lot
- 1905 build
- – on site
Investor’s Dream at 5940 Engel Avenue, Cleveland, OH 44127 Attention investors! This fully occupied powerhouse delivers massive cash flow of $3,800 per month and is priced to sell. With an estimated Net Operating Income (NOI) of $29,600 and an outstanding 10.8% cap rate, this freshly renovated property is a turnkey gem offering immediate returns and lasting value. Completely updated in 2025, this triplex shines with all-new vinyl windows, fresh paint throughout, luxury vinyl plank (LVP) flooring, and new carpet in every unit—ensuring low maintenance and high tenant appeal. The property features three income-producing units, all currently occupied and optimized for profitability. Unit 1 is a spacious 2-bedroom, 1-bathroom unit generating $1,500 per month. Unit 2 is a flexible 3-bedroom, 1-bathroom layout (convertible to a 2-bedroom, 1-bath) bringing in steady rent. Unit 3 is an efficient studio yielding $800 per month, with the potential to combine with Unit 2 for a true 1-bedroom configuration—offering versatility to boost income. Rental registered with the City of Cleveland and boasting a 2025 lead certification, this property is fully compliant and move-in ready for investors seeking hassle-free ownership. Located in a high-demand area with convenient access to local amenities, this is a rare chance to own a high-yield, cash-flowing asset with modern upgrades throughout. Act fast—secure this income generator at $275,000 and start profiting today!
Last checked:
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Last updated Apr 8, 2025
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MLS# 5113000 —
The Building
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Year Built:1905
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Year Built Source:Assessor
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Construction Materials:AluminumSiding
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Levels:Two
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Stories:2
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Roof:Asphalt,Fiberglass
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Basement:Unfinished
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Basement:true
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# of Buildings:1
Interior
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Rooms Total:13
Room Dimensions
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Living Area Units:SquareFeet
Location
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Directions:turn on Engel and park on street.
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Latitude:41.465729
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Longitude:-81.647564
The Property
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Parcel Number:125-26-049
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Lot Size Acres:0.0964
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Lot Size Area:0.0964
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Fencing:ChainLink,Partial
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 421-6352
- Office phone:
- (216) 406-1772
Taxes
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Tax Year:2024
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Tax Legal Description:321 CR&B SL 70 NP 0069 SP
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Tax Annual Amount:$726
Beds
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Bedrooms Total:6
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Home Warranty:false
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Cleveland Municipal - 1809
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Middle School District:Cleveland Municipal - 1809
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High School District:Cleveland Municipal - 1809
The Community
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Subdivision Name:Canfield Ray Bowen Allotment
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/8/25
Apr 8, 2025
|
Listed / Active | MLS_NOW | $275,000 | |
|
12/4/23
Dec 4, 2023
|
Sold Subject To Contingencies | MLS_NOW | ||
|
11/27/23
Nov 27, 2023
|
Listed / Active | MLS_NOW |
