Closed

$111,000

3831 W 40th St, Cleveland, OH 44109

3beds

1,043sqft

Single Family Residence

Built in 1913

1,559 Square Feet Lot

$91,600 Zestimate^®

$106/sqft

$1,436 Estimated rent

Home value

$91,600

$71,000 - $114,000

$1,436/mo

Zestimate^® history

Owner options

List your home for rent

$1,436/mo

Rent Zestimate^®

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$1,436/mo

Rent Zestimate^®

Refinance and save

$647/mo

Est. payment

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$647/mo

Est. payment

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What's special

Manageable yardComfortable bedroomsTraditional layoutFunctional kitchen

Great investment opportunity in Cleveland! This well maintained and updated 3 bed, 1 bath home is currently tenant occupied and generating $1,350 per month in rental income, offering immediate cash flow for the next owner. The home features a traditional layout with a spacious living area, functional kitchen, and comfortable bedrooms. Outside, the property includes a manageable yard adding to its tenant appeal. Located conveniently near schools, parks, shopping, and major roadways, making it an attractive rental for long-term tenants. Whether you’re a new investor or looking to expand your portfolio, this property provides reliable income in a strong rental market.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air

Cooling

Window Unit(s)

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,043
Total interior livable area: 1,043 sqft
Finished area above ground: 1,043

Property

Parking

Parking features: On Street

Features

Levels: Two
Stories: 2

Lot

Size: 1,559 Square Feet

Details

Parcel number: 01402021
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Asphalt

Condition

Year built: 1913

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Alice J Barkers

HOA

Has HOA: No

Location

Region: Cleveland

Financial & listing details

Price per square foot: $106/sqft
Tax assessed value: $44,900
Annual tax amount: $1,051
Date on market: 6/27/2025
Cumulative days on market: 116 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
12/22/2025	Sold	$111,000+147.2%$106/sqft
Source: MLS Now #5134302 Report a problem
8/28/2023	Sold	$44,900+72.7%$43/sqft
Source: MLS Now #4437476 Report a problem
12/12/2019	Sold	$26,000-57.5%$25/sqft
Source: MLS Now #4129129 Report a problem
3/29/2017	Sold	$61,125+27.3%$59/sqft
Source: Public Record Report a problem
6/21/2016	Sold	$48,000+242.9%$46/sqft
Source: Public Record Report a problem
2/3/2016	Sold	$14,000+15%$13/sqft
Source: Public Record Report a problem
9/30/2015	Sold	$12,179-44.6%$12/sqft
Source: Public Record Report a problem
2/5/2009	Sold	$22,000-43.1%$21/sqft
Source: Public Record Report a problem
7/10/2008	Sold	$38,667-0.9%$37/sqft
Source: Public Record Report a problem
3/4/2004	Sold	$39,000$37/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,052 +0%	$15,720
2024	$1,051 +36.3%	$15,720 +58.1%
2023	$771 +0.6%	$9,940
2022	$767 +0.9%	$9,940
2021	$760 +11.6%	$9,940 +29.1%
2020	$681 -45.9%	$7,700
2019	$1,260 +100.3%	$7,700
2018	$629 -24.7%	$7,700 -22.1%
2017	$835	$9,880 +3.7%
2016	--	$9,530
2015	$987 -45.2%	$9,530 -4.8%
2014	$1,801 -60.2%	$10,010
2013	$4,522 +34.4%	$10,010
2012	$3,363 +49.9%	$10,010 -17.6%
2011	$2,244 +76.9%	$12,150
2010	$1,268 +39.1%	$12,150
2009	$912 +14.6%	$12,150 -11%
2008	$796 +6.3%	$13,650
2007	$749 +0.1%	$13,650
2006	$748 +112.7%	$13,650 +123.8%
2005	$352 -1.3%	$6,100
2004	$356 +3.6%	$6,100
2003	$344 +17.3%	$6,100 +16.2%
2002	$293 -42.8%	$5,250
2001	$513 +4.5%	$5,250
2000	$491	$5,250