3281 E 118th ST, Cleveland, OH 44120
3281 E 118th ST, Cleveland, OH 44120
3281 E 118th ST, Cleveland, OH 44120
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$170,000
Est. payment /mo
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8 Beds
3 Baths
2,481 SqFt
New

3281 E 118th ST Cleveland, OH 44120

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Jordan Smith

Jordan Smith

+1(814) 925-5183

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,481 sqft

Price per Sqft $68

Subdivision Crawford Woodhill Sub

MLS Listing ID 5208605

Bedrooms 8

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,481

Year Built 1918

Annual Tax Amount $1,394

Tax Year 2025

Lot Size 5,005 Sqft

Acres 0.1149

Property Sub-Type Triplex

Property Description

INVESTOR ALERT: Potential Cash-flow powerhouse-Rarely does an asset this stabilized hit the market with these numbers. This renovated "8-Bedroom" Triplex in the Buckeye/Shaker neighborhood is a "Cash-flow Powerhouse," delivering an incredible 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 from top to bottom over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: Newer Furnaces (2024), Newer Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. The exterior features a roof~ Approx: 2016, vinyl windows (1st/3rd floors), and a waterproofed basement. The first and second floors offer identical 3-BR layouts with large dining and living rooms, built-ins, and porches, while the third floor features a contemporary 2-BR layout. Located in a vibrant, growing area within walking distance to groceries and dining, and minutes from the Cleveland Clinic, University Hospital, Case Western, and Shaker Square. Over 2,400 sq/ft of high-performance living space with separate entrances and basement storage. Lead risk assessment is in process; buyers to assume any requirements to meet Cleveland's Lead Safe standards. Whether you are a first-time investor looking to house-hack or a seasoned pro seeking a high-yield asset, this property delivers exceptional value and long-term performance. Secure this stabilized, high-velocity income stream today! Selling “as is”. Call today to schedule a private showing before it's gone!

Location

State OH

County Cuyahoga

Community Other, Park

Rooms

Basement Full, Sump Pump

Interior

Interior Features Built-in Features, Crown Molding, His and Hers Closets, Multiple Closets, Storage, Walk-In Closet(s)

Heating Forced Air, Gas

Cooling None

Fireplace No

Appliance Range, Refrigerator

Laundry Laundry Chute, In Basement

Exterior

Exterior Feature Balcony

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Other, Park

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 130-01-119

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tom Partin • EXP Realty, LLC. • [email protected], 440-829-4541

Nearby Locations

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Jordan Smith

Jordan Smith

Agent

+1(814) 925-5183

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3281 E 118th ST