1141 E 148th Street, Cleveland, OH 44110

Local realty services provided by:Better Homes and Gardens Real Estate Central
1141 E 148th Street,Cleveland, OH 44110
$123,900
  • 5 Beds
  • 3 Baths
  • 2,700 sq. ft.
  • Single family
  • Active
Listed by: glen g whitten
Office: ohio property group, llc.
MLS#:5148359
Source:OH_NORMLS

Price summary

  • Price:$123,900
  • Price per sq. ft.:$45.89

About this home

High-ROI Turnkey Duplex – Fully Occupied, 15% Cap Rate, Instant Cash Flow! Do you like checks in the mail every month? Rare opportunity for real estate investors! This income-producing duplex is fully rented with stable, long-term tenants. Upstairs unit rents for $1,129/mo and downstairs for $1,269/mo, generating $2,398/month - $28,776/year in gross rental income. At a purchase price of $129,000, that’s an impressive 15% capitalization rate with immediate positive cash flow. Both units have separate utilities, strong rental history, and is located close to shopping, dining, schools, and major highways. Perfect for buy-and-hold investors, 1031 exchange buyers, and cash-flow seekers. Low-maintenance investment property in a market with rising rents—add this turnkey rental property to your portfolio today! WHEN OFFERING: Proof of funds required. Cash offers will be considered before offers contingent on bank financing. $2K EMD. Cash Flow, ROI, Below Market, Handyman Special,

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Home facts

  • Year built:1919
  • Listing ID #:5148359
  • Added:91 day(s) ago
  • Updated:November 15, 2025 at 04:11 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:2,700 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1919
  • Building area:2,700 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$123,900
  • Price per sq. ft.:$45.89
  • Tax amount:$907 (2024)
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