Active

3438 E 140th Street

Cleveland, OH 44120

$270,000 $1,138/Mo

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Overview

Bed

Bath

6,219

Sqft

0.14

Acre(Lot)

Description

Excellent investment opportunity at 3438 E 140th St in Cleveland! This solid brick four-unit property offers strong cash flow potential with three occupied units and one vacant unit ready for lease or owner occupancy. Each spacious unit features 2 bedrooms, 1 full bath, and approximately 800 square feet with practical layouts that attract long-term tenants. Current gross monthly income is $2,340 with additional upside by leasing the vacant unit at market rent, creating immediate value-add potential for investors. Tenants pay gas and electric, while the owner covers water, sewer, taxes, snow removal, and repairs. Built in 1924 and updated/remodeled over time, this well-maintained quadruplex offers over 6,200 total square feet, including more than 4,100 above grade plus a full unfinished bas ement. The basement provides common laundry area access with electric dryer hookup and washer hookups. Property features include forced air heating, ceiling fans, energy-efficient lighting and windows, and efficient hot water distribution. Appliances include ranges, refrigerators, smoke detectors, and CO detectors in units. Situated on a level 0.14-acre lot in the Rapid Transit Land Cos Shaker subdivision, the property offers a detached 4-car garage, and additional driveway parking, a major bonus for tenant retention. Brick exterior construction and asphalt shingle roof contribute to long-term durability and lower exterior maintenance. Public water and sewer services are in place. Conveniently located with access to Kinsman Road, public transportation, shopping, schools, and major highways, this property sits within the Cleveland Municipal School District and remains attractive to renters seeking accessibility and value. With solid rental history, strong occupancy, and opportunity to increase rents over time, this income-producing asset presents an excellent addition to any portfolio. This property offers stability, income, and long-term appreciation potential.

Property Details

Property Type : Residential Income

Price : $270,000

AD Id : 76133035

MLS Id : 5189373

Beds : 8

Lot Size : 0.14 Acre

Living Area Size : 6,219

Year Built : 1924

Garage : 4

County : Cuyahoga

Subdivision: Buckingham Place

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Rooms Total: 16 Has Basement: Yes Basement: Unfinished
Roofing Information

Asphalt, Shingle
Interior Features

Roof: Asphalt, Shingle Appliances: Range, Refrigerator Laundry Features: Common Area, Washer Hookup, Electric Dryer Hookup, In Basement
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None, Ceiling Fan(s)

Building Information

Year Built: 1924 Construction Materials: Brick Stories: 2 Pool Features: None Private Pool: No View: City Lights, City, Neighborhood

Lot Information

Main Square Feet: 0.1398 Acres Lot Size Acres: 0.1398 Lot Size Source: Public Records Lot Description: Cleared, Front Yard, Landscaped, Level

Property Information

Subdivision: Rapid Transit Land Cos Shaker Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 102

Listing Price Information

Listing Price: $270000 Original Price: $299900 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: 130-12-056 Tax Year: 2024 Annual Tax: $3595 Tax Legal Desc: 446 RTLD#5 0196 ALL

Parking Information

Driveway, Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 4

Location Information

Direction: Kinsman Road to East 137th Street to Byron Avenue to East 140th Street WaterSource: Public Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

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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 @ 02:45

MLS: 5189373 LISTED BY: Majdey Taye, RE/MAX Transitions 440-597-3629 SOURCE: MLS Now