3568 E 118th Street, Cleveland, OH 44105

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
3568 E 118th Street,Cleveland, OH 44105
$72,300
  • 4 Beds
  • 2 Baths
  • 2,200 sq. ft.
  • Multi-family
  • Pending
Listed by: daniel s reid
Office: berkshire hathaway homeservices stouffer realty
MLS#:5187749
Source:OH_NORMLS

Price summary

  • Price:$72,300
  • Price per sq. ft.:$32.86

About this home

Investor-friendly buy & hold opportunity at 3568 E 118th St, Cleveland, OH 44105. This 4-bedroom, 2-bath, 2,200 SQFT duplex is tenant-occupied (month-to-month) and offers light rehab potential with an estimated $12–18K needed post-vacancy. Built in 1920, the property features separate furnaces (no central AC), 2 newer water heaters, and no major plumbing or electrical issues reported. With an ARV of $135,000, providing ~$35000 in built-in equity. Current rent is $650/month downstairs, with market rent projected at $1,150–$1,250/month, offering an estimated cash flow of $300–$400/month/ unit and a 15–20% cash-on-cash return. Light cosmetic updates and turnover work will position this property for long-term rental success in the 44105 market.

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Home facts

  • Year built:1920
  • Subdivision & Development:Union Rice
  • Listing ID #:5187749
  • Added:172 day(s) ago
  • Updated:May 13, 2026 at 07:23 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:2,200 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Slate
  • Year built:1920
  • Building area:2,200 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level
  • Exterior Features:Level
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$72,300
  • Price per sq. ft.:$32.86
  • Tax amount:$1,636 (2024)

Features and amenities

  • Appliances:Range, Refrigerator

Parking

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