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4030 E 44th St, Cleveland, OH, 44105

7beds
4baths
5,029sqft
$350,000
$70price/sqft
$3,503/moest. monthly cost
$140,120/yrincome needed

About This Home

Fabulous 4-Family investment property! You won't find better tenants! New driveway installed in 2019. Newer hot water tanks. Units #3 and #4 have newer furnaces. Large, spacious units. Charming front and back porches. Landscaped yard. Full basement. Plenty of storage space. Two washer & dryer hook-ups. Welcome to this well-maintained and versatile four-unit apartment residence located in an established Newburgh Heights neighborhood. Perfect for owner-occupants or savvy investors, this property features four spacious units—each offering 1 or 2 bedrooms, 1 full bathroom, a comfortable living room, and an eat-in kitchen. Each unit boasts large windows for natural light and updated kitchens. The property also includes a full basement with laundry hookups. Conveniently located near public transportation, schools, parks, and close to highway access, just minutes from downtown Cleveland. This 4-unit building presents a great opportunity for rental income and long-term equity growth. No showings without an accepted offer. Rents Unit 1 - $1200.00 Unit 2 - $1087.00 Unit 3 - $700.00 Unit 4 - $836.00 Property occupied, please do not disturb any occupants.

Getting Around

28
WalkingCar-Dependent
29
TransitSome Transit
33
BikeSomewhat Bikeable

Schools

3/10
Mound Elementary SchoolGrades PK-81.2 mi
6/10

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt,Fiberglass
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Common Basement,Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area below ground: 1,409
  • Finished area above ground: 3,620

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: Window Unit(s),Wall Unit(s)

Interior Area

  • Total structure area: 5,029
  • Total interior livable area: 5,029 sqft

Property

Details

  • Parcel number: 51112043
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,138 sqft

Parking

  • Parking features: Driveway,Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$644$7,728
Property Taxes $551$6,612
Electricity $539$6,472
Total$3,503$42,036
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,102/yr
40% on housing$105,090/yr
45% on housing$93,413/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$70This listing

vs Other Active Listings

Avg $/sqft

ZIP 44105$52
Cuyahoga County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 44105$64
Cuyahoga County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Listed for sale$350,000
2025-07-24Listing removed$240,000
2025-06-30Listed for sale$240,000
2022-10-31Sold$155,000
2022-09-27Pending sale$169,900
2022-08-30Listed for sale$169,900
2022-06-23Pending sale$169,900
2022-06-16Listed for sale$169,900
2021-12-09Listing removed--
2021-12-09Listed for sale$165,000
2021-11-19Pending sale$165,000
2021-11-03Price change$165,000
2021-09-02Pending sale$159,900
2021-08-28Listed for sale$159,900

For Sale by Agent

AgentKathyrn Parks
BrokerageMcMullan Realty, Inc.

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