3281 E 118th Street, Cleveland, OH 44120

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
3281 E 118th Street,Cleveland, OH 44120
$170,000
Virtual Tour
  • 8 Beds
  • 3 Baths
  • 2,481 sq. ft.
  • Multi-family
  • Pending
Listed by: tom partin
Office: exp realty, llc.
MLS#:5208605
Source:OH_NORMLS

Price summary

  • Price:$170,000
  • Price per sq. ft.:$68.52

About this home

Investor Alert: Potential Cash-flow - Rarely does an asset this stabilized hit the market with these numbers. This updated "8-Bedroom" Triplex in the Buckeye/Shaker neighborhood is a potential "Cash-flow Powerhouse," delivering a 2.99% Monthly Return Potential—Nearly Triple the Traditional 1% rule. Based on 2026 CMHA standards ($1,762.00 for 3-BRs, $1,367.00 for 2-BRs), plus $200.00 for the 2-car garage, this property has a potential projected monthly income of $5,091.00. Every unit has been thoughtfully updated over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: 2 total Furnaces (2024), 2 total Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. 2 total utility meters (2nd and 3rd unit on a shared meter). The exterior features a roof~ Approx: 2016, vinyl windows (1st/3rd floors), and a waterproofed basement....

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Home facts

  • Year built:1918
  • Listing ID #:5208605
  • Added:14 day(s) ago
  • Updated:May 23, 2026 at 07:28 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Sump Pump
  • Living area:2,481 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1918
  • Building area:2,481 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Aluminium Siding

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$68.52
  • Tax amount:$1,394 (2025)

Features and amenities

  • Appliances:Range, Refrigerator

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:2
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