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3280 E 121st Street

Cleveland, OH 44120
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Bed 5

Bed

Bath 2

Bath

SqFt1,404

Sqft

Acres0.11

Acre(Lot)

ATTENTION INVESTORS: CASH COW!!! CASHFLOW FROM DAY 1 WITH SECTION 8 TENANT ALREADY IN PLACE! No need to wait 6 months to get it renovated and rented generating 100% rent from Uncle Sam. TURNKEY LISTING WITH TENANT IN PLACE! HUGEE RENTS! $1,954 per month — $23,448 annually!! Practically prints money! MASSIVE DSCR RATIO! Do the math!! Large 5-bedroom, 2-bath Cleveland rental currently generating The housing authority (CMHA) currently pays 100% of the rent, with a $0 tenant portion, providing reliable government-paid monthly income with minimal collection risk. TLocated in Cleveland’s 44120 rental corridor near Shaker Heights, Shaker Square, Buckeye–Shaker, Larchmere, University Circle, major hospitals, public transit, and downtown routes. The location benefits from stronger voucher rents associated with the surrounding Shaker-area market, while the owner still receives the advantage of lower Cleveland property taxes and no Heights POS escrow requirements. Major capital improvements have already been completed, including a complete remodel with fresh interior and exterior paint, a partial roof replacement, a new A/C unit, newer dual pane vinyl windows (no more lead based paint window probs!) LEAD BASED PAINT INSPECTED AND CERTIFIED! This is an income-producing property with much of the major upfront work already handled. Remodel, tenant placement process, and large capex expenses! BONUS! Top tier Luke Park and community center is just around the corner, offering nearly professional fields, basketball and tennis courts, a gym, classes, skating, boxing, swimming pools, and other amenities that help support strong tenant demand. Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!

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Detail Ic Property Details

Property Type : Residential

Price : $142,400

AD Id : 90968428

MLS Id : 5241608

Beds : 5

Lot Size : 0.11 Acre

Living Area Size : 1,404

Tax Amount : 1389.00

Year Built : 1920

County : Cuyahoga

Subdivision: Oak Ridge Estates

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

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

    Fiberglass, Shingle
  • Interior Features

    Roof: Fiberglass, Shingle Appliances: Range, Refrigerator Window Features: Double Pane Windows
  • Heating & Cooling

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

  • Building Information

    Year Built: 1920 Construction Materials: Wood 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: $142400

  • Tax Information

    Parcel Number: 130-04-135 Tax Year: 2025 Annual Tax: $1389 Tax Legal Desc: 444 CRAWWDL 0230 ALL

  • Parking Information

    Off Street

  • Location Information

    Direction: From I-480, take Warrensville Center Rd north, west on Harvard Ave, north on E 121st St to 3280 E 121st St, Cleveland, OH 44120. WaterSource: Public
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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 @ 12:29

MLS: 5241608 LISTED BY: Scott Marvin, Team Results Realty 614-382-2124 SOURCE: MLS Now

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