5940 Engel Avenue

Cleveland OH 44127

0.1 ac.

Duplex

Last sold for $273,500

John Currid, last sold this property on 05 July 2025 after 87 days on market.

Overview

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!

Features

6 bedrooms

3 bathrooms

0.1 ac. lot size

Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Cleveland over the last 12 months, the estimated median property value of 5940 Engel Avenue is $70k.

Median value

$70k

Estimated value range

$18.5k - $273.5k

Median days on market

Estimated value trend

-22%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Cleveland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5940 Engel Avenue

2025

Sold

$273,500

05 Jul 2025 by John Currid, of VSD Realty, LLC.

2024

Sold

$83,750

16 May 2024 by Jessica Ivans, of Keller Williams Greater Metrop

2023

Sold

$31,000

29 Jun 2023 by Alexander Vinokur, of Realty Now, Inc.

Happy sellers in Cleveland

We have insufficient information to provide an overview of customer satisfaction for Cleveland. Viewing the agent profiles, reviews and sales for Cleveland can provide insights for this location.