Active

3241 E 116th Street

Cleveland, OH 44120
Mark as Favorite
Bed 5

Bed

Bath 1

Bath

SqFt1,344

Sqft

Acres0.13

Acre(Lot)

Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living. The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel. From an inv estment standpoint, the property is positioned to provide immediate cash flow. A tenant is scheduled to move in on September 9, 2026 under a one-year lease at $1,700 per month, allowing the new owner to benefit from established rental income. Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital – Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities. The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and incoming tenant already secured, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value! No wholesalers, seller financing, or low-ball offers.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $149,999

AD Id : 90968426

MLS Id : 5241788

Beds : 5

Lot Size : 0.13 Acre

Living Area Size : 1,344

Tax Amount : 850.22

Year Built : 1918

Garage : 1

County : Cuyahoga

Subdivision: Oak Ridge Estates

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 7 Has Basement: Yes Basement: Full
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Laundry Features: In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Cooling: None

  • Building Information

    Year Built: 1918 Construction Materials: Aluminum Siding, Vinyl Siding Stories: 2 Patio And Porch Features: Covered Private Pool: No

  • Lot Information

    Main Square Feet: 0.1286 Acres Lot Size Acres: 0.1286 Lot Size Source: Assessor

    Property Information

    Subdivision: Johnson Farms Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 108

  • Listing Price Information

    Listing Price: $149999 Cash, Conventional

  • Tax Information

    Parcel Number: 130-01-015 Tax Year: 2025 Annual Tax: $850.22 Tax Legal Desc: 444 JOHNSON S/L 73SP 0072 NP

  • Parking Information

    Driveway, Detached, Garage, On Street

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Off E 116th St, between Ely Ave and Luke Ave WaterSource: Public
Sell a home like this and save $8,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3588 Pennington Road, Cleveland, OH, 44120 $130,000 3 4 -- 0.11 Acre
3713 E 153rd Street, Cleveland, OH, 44120 $135,000 5 2 -- 0.12 Acre
3448 E 149th Street, Cleveland, OH, 44120 $37,900 4 1 -- 0.13 Acre
3464 E 147th Street, Cleveland, OH, 44120 $106,900 3 1 1,800 0.11 Acre
3474 E 145th Street, Cleveland, OH, 44120 $68,000 3 2 1,554 0.07 Acre
3337 E 143rd Street, Cleveland, OH, 44120 $90,000 3 1 818 0.12 Acre
3315 E 142nd Street, Cleveland, OH, 44120 $110,000 3 1 1,806 0.12 Acre
13812 Southview Avenue, Cleveland, OH, 44120 $109,900 5 2 2,108 0.15 Acre
3527 E 140th Street, Cleveland, OH, 44120 $63,000 3 1 1,571 0.15 Acre
13805 Chapelside Avenue, Cleveland, OH, 44120 $114,900 3 1 2,160 0.09 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 09/03/2026 @ 10:31

MLS: 5241788 LISTED BY: Michael Azzam, RE/MAX Haven Realty 440-519-3100 SOURCE: MLS Now

Homes around $149,999

Selling? Save $8,501 when you sell a home like this

Tour with a ByOwner Agent