Pending

3281 E 118th Street

Cleveland, OH 44120

$170,000 $716/Mo

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Overview

Bed

Bath

2,481

Sqft

0.11

Acre(Lot)

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-r eplaced 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 Details

Property Type : Residential Income

Price : $170,000

AD Id : 78250573

MLS Id : 5208605

Beds : 8

Lot Size : 0.11 Acre

Living Area Size : 2,481

Year Built : 1918

Garage : 2

County : Cuyahoga

Subdivision: Harrisburg

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Has Basement: Yes Basement: Full, Sump Pump
Roofing Information

Asphalt, Fiberglass
Interior Features

Built-in Features, Crown Molding, His and Hers Closets, Storage, Walk-In Closet(s) Roof: Asphalt, Fiberglass Appliances: Range, Refrigerator Laundry Features: Laundry Chute, In Basement
Heating & Cooling

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

Building Information

Year Built: 1918 Construction Materials: Aluminum Siding Pool Features: None Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Main Square Feet: 0.1149 Acres Lot Size Acres: 0.1149 Lot Size Source: Public Records

Property Information

Subdivision: Crawford Woodhill Sub Source Property Type: Residential Income Property SubType: Triplex Levels: Three Or More Property Age: 108

Listing Price Information

Listing Price: $170000 Cash, Conventional

Tax Information

Parcel Number: 130-01-119 Tax Year: 2025 Annual Tax: $1394 Tax Legal Desc: 444 CRAWWDL 0306 ALL

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: North of 422 and S of Shaker Blvd WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3659 Chelton Road, Shaker Heights, OH, 44120	$120,000	4	2	--
3645 E 153rd Street, Cleveland, OH, 44120	$155,000	4	2	2,264	2,264 SqFt
3661 E 146th Street, Cleveland, OH, 44120	$115,900	4	2	3,012	3,012 SqFt
14702 Milverton Road, Cleveland, OH, 44120	$254,500	5	2	2,144	2,144 SqFt
3358 E 145th Street, Cleveland, OH, 44120	$130,000	4	2	2,412	2,412 SqFt
3682 E 143rd Street, Cleveland, OH, 44120	$189,999	5	3	2,070	2,070 SqFt
3461 E 143rd Street, Cleveland, OH, 44120	$159,999	6	2	2,360	2,360 SqFt
3455 E 142nd Street, Cleveland, OH, 44120	$120,000	7	3	2,934	2,934 SqFt
3264 E 142nd Street, Cleveland, OH, 44120	$124,900	4	2	--
3459 E 140 Street, Cleveland, OH, 44120	$160,000	8	10	4,146	4,146 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 06/11/2026 @ 12:19

MLS: 5208605 LISTED BY: Tom Partin, EXP Realty, LLC. 866-212-4991 SOURCE: MLS Now