BEDS8
BATHS4 full
MLS#5201392
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCleveland Municipal - 1809
Property Description
Turnkey 4-unit investment opportunity in Cleveland featuring all 2-bedroom, 1-bathroom units, offering strong rental potential and flexibility for investors. Two units are currently occupied at $950/month with leases in place through December 2026 and March 2027, providing stable income, while the remaining two units offer upside through lease-up or rent increases. Tenants pay for gas, with the owner covering electric and water. The property has been well maintained with numerous capital improvements, making it a solid, low-maintenance addition to any investment portfolio in a strong rental market. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Heating: Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $5,312 / year
Year Built: 1920
Feature Descriptions
Days on Site: 1
Exterior: Vinyl Siding
Parcel#: 129-14-013
Parking: Driveway
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: Home Equity Realty Group
Agency Contact: charles.lewis@heqrealty.com, 440-539-4864
Shown By
Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911
Estimate Your Payment
Estimated Payment
$ 1,144.97 per month $620.93 Principal & Interest $442.67 Property Tax $81.38 Homeowner's Insurance
2829 E 116th Street | MLS# 5201392
This multi-family property located at 2829 E 116th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $279,000. E 116th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.mcrealestateohio.com today.