Active

3280 E 121st Street

Cleveland, OH 44120

$139,000 $586/Mo

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Overview

Bed

Bath

1,404

Sqft

0.11

Acre(Lot)

Description

ATTENTION INVESTORS: SECTION 8 VALUE-ADD UPSIDE — RENT RESET PLAY WITH PROJECTED $1,600–$1,900/MO Ideal for an investor who wants control and upside instead of just inheriting an old, under-market lease. The current CMHA tenant is on a month-to-month lease and has fallen behind on rent, but is cooperative and willing to work with ownership, creating a natural transition point to either structure a cure plan or non-renew and bring in a fresh, fully qualified Section 8 tenant at today's stronger rent levels. Based on current CMHA schedules and area performance, a refreshed tenancy is expected to support a revised rent in the projected $1,500–$1,900/month range, subject to CMHA approval and buyer verification. The house also has a value-add opportunity with ample basement space to add 2 mo re bedrooms, increasing the rent potential to $1800-2400/mo. Located in a high-demand rental corridor on Cleveland's east side, this property sits in a strong proven Section 8 pocket where homes lease quickly and stay full. The house itself is in good shape, with key CapEx already handled — including a recent partial roof replacement — helping limit long-term deferred maintenance and keeping the focus on rent strategy rather than heavy repairs. Lead-based paint testing has been completed and passed, with the report available upon request, offering a compliance-ready asset for a new owner. Month-to-month status gives maximum flexibility to line up your next tenant and transition on your schedule while keeping options open with the current, cooperative renter. Once stabilized with a new or restructured Section 8 contract at updated rent, this becomes the kind of low-drama, government-backed income stream that performs well as a long-term hold. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO — INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings only after accepted offer.

Property Details

Property Type : Residential

Price : $139,000

AD Id : 75775300

MLS Id : 5190375

Beds : 3

Lot Size : 0.11 Acre

Living Area Size : 1,404

Year Built : 1920

County : Cuyahoga

Subdivision: Jamestown Crossing

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Rooms Total: 6 Has Basement: Yes Basement: Full
Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1920 Construction Materials: Brick, Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.1117 Acres Lot Size Acres: 0.1117 Lot Size Source: Assessor

Property Information

Subdivision: Crawford-Woodhill Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 106

Listing Price Information

Listing Price: $139000

Tax Information

Parcel Number: 130-04-135 Tax Year: 2025 Annual Tax: $1288 Tax Legal Desc: 444 CRAWWDL 0230 ALL

Parking Information

Off Street

Location Information

Direction: W Superior Ave 0.1 mi Turn right onto Ontario St 0.8 mi Continue onto Orange Ave 0.7 mi Continue onto Woodland Ave 0.9 mi Use the right 2 lanes to turn slightly right onto Kinsman Rd 3.2 mi Turn left onto E 121st St WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3522 E 149th Street, Cleveland, OH, 44120	$115,000	4	2	1,700	1,700 SqFt
3457 E 149th Street, Cleveland, OH, 44120	$67,000	3	1	1,535	1,535 SqFt
3380 E 147th Street, Cleveland, OH, 44120	$114,900	3	1	--
3474 E 145th Street, Cleveland, OH, 44120	$68,000	3	2	1,554	1,554 SqFt
3331 E 145th Street, Cleveland, OH, 44120	$119,500	3	1	1,849	1,849 SqFt
3694 E 143rd Street, Cleveland, OH, 44120	$60,000	2	1	--
3414 E 143rd Street, Cleveland, OH, 44120	$60,900	3	1	1,361	1,361 SqFt
13913 Chapelside Avenue, Cleveland, OH, 44120	$110,099	4	2	--
3315 E 142nd Street, Cleveland, OH, 44120	$110,000	3	1	1,806	1,806 SqFt
13901 Chapelside Avenue, Cleveland, OH, 44120	$129,000	4	1	1,236	1,236 SqFt

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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 06/09/2026 @ 05:25

MLS: 5190375 LISTED BY: Scott Marvin, Team Results Realty 614-382-2124 SOURCE: MLS Now