3611 E 116th Street, Cleveland, Ohio image 1
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3611 E 116th Street

Cleveland, OH 44105
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$175,500 $739/Mo
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Bed 6

Bed

Bath 2

Bath

Acres0.10

Acre(Lot)

Strong turnkey investment opportunity at 3611 E 116th Street in Cleveland. This duplex features two 3-bedroom, 1-bath units and is being delivered vacant and rent ready, allowing the next owner to immediately lease the property at current market rents. The property is underwritten at $2,740 per month in combined HUD Fair Market Rent, offering strong income potential with an estimated 12.22% cap rate. The property is Lead Safe Certified and has already received significant improvements, helping reduce near-term deferred maintenance and providing a more streamlined ownership experience. Additional value-add potential exists in the upper unit, where a full walk-up third-floor attic with a permanent staircase creates an opportunity to potentially convert the unit from a 3-bedroom to a 4-bed room layout, allowing an investor to pursue a higher HUD rental tier without expanding the building footprint. Located in Cleveland's 44105 ZIP code, the property offers convenient access to I-77, I-490, the Opportunity Corridor, University Circle, Cleveland Clinic, shopping, public transportation, and other major employment and amenity centers. This property is also available as part of an attractive four-duplex, eight-unit Cleveland investment portfolio offered at $702,000. The portfolio includes 15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave, with more than $120,000 in capital improvements completed across the portfolio, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements. For investors looking to expand their Cleveland rental portfolio, 3611 E 116th offers a compelling combination of turnkey condition, strong projected rental income, Lead Safe certification, and additional value-add potential, while the full portfolio provides the opportunity to acquire eight units at scale.

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Detail Ic Property Details

Property Type : Residential Income

Price : $175,500

AD Id : 91365181

MLS Id : 5246465

Beds : 6

Lot Size : 0.10 Acre

Tax Amount : $578

Year Built : 1900

County : Cuyahoga

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 10 Has Basement: Yes

  • Roofing Information

    Asphalt

  • Interior Features

    Roof: Asphalt

  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Cooling: None

  • Building Information

    Year Built: 1900 Construction Materials: Vinyl Siding Private Pool: No

  • Lot Information

    Main Square Feet: 0.1004 Acres Lot Size Acres: 0.1004 Lot Size Source: Assessor

    Property Information

    Subdivision: Union Rice Source Property Type: Residential Income Property SubType: Duplex Levels: Three Or More Property Age: 126

  • Listing Price Information

    Listing Price: $175500

  • Tax Information

    Parcel Number: 137-07-011 Tax Year: 2025 Annual Tax: $578 Tax Legal Desc: 452 UNIONR 0251 ALL

  • Parking Information

    Direct Access, Driveway

  • Location Information

    Direction: S off E 117th WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
13611 Beachwood Avenue, Cleveland, OH, 44105 $137,000 4 2 1,690 0.12 Acre
13701 Benwood Avenue, Cleveland, OH, 44105 $135,000 6 2 -- 0.09 Acre
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13313 Ferris Avenue, Cleveland, OH, 44105 $130,000 4 2 3,097 0.13 Acre
13305 Ferris Avenue, Cleveland, OH, 44105 $112,000 4 2 2,054 0.13 Acre
4236 E 131st Street, Cleveland, OH, 44105 $137,000 7 3 2,540 0.11 Acre
4309 E 128th Street, Cleveland, OH, 44105 $99,000 5 2 1,714 0.12 Acre
12500 Ferris Avenue, Cleveland, OH, 44105 $85,000 4 2 1,938 0.13 Acre
3963 E 123rd Street, Cleveland, OH, 44105 $150,000 6 3 -- 0.09 Acre
12524 Union Avenue, Cleveland, OH, 44105 $200,000 10 4 -- 0.19 Acre

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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 09/20/2026 @ 14:19

MLS: 5246465 LISTED BY: Kim Lewis, Home Equity Realty Group 330-952-2244 SOURCE: MLS Now

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