BEDS8
BATHS3 full
SQUARE FEET2,481
MLS#5208605
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCrawford Woodhill Sub
SCHOOLCleveland Municipal - 1809
Property Description
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. 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 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. Whether you are a first-time investor looking to house-hack or a seasoned pro seeking a high-yield asset, this property delivers value and long-term performance. Secure this investment today! Selling 'as is. Call today to schedule a private showing before it's gone!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Sump Pump
Cooling: None
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,394 / year
Year Built: 1918
Amenities
Built-in Features
Crown Molding
His and Hers Closets
Multiple Closets
Storage
Walk-In Closet(s)
Balcony
Feature Descriptions
Appliances: Range, Refrigerator
Community Features: Other, Park
Days on Site: 6
Exterior: Aluminum Siding
Laundry: Laundry Chute, In Basement
Parcel#: 130-01-119
Parking: Detached, Garage
Patio/Porch: Balcony
Sewer: Public Sewer
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: homeswithtom@gmail.com, 440-829-4541
Shown By
Agent Name: Amber Smith
Agent Phone: (567) 454-7882
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,116.68 per month $950.93 Principal & Interest $116.17 Property Tax $49.58 Homeowner's InsuranceChange Payment Information
Amber Smith
Cell: (567) 454-7882
Email Me
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3281 E 118th Street | MLS# 5208605
This multi-family property located at 3281 E 118th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $170,000. E 118th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on ambersmith.ikeyrealty.com today.