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Kate Darrah
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3281 E 118th Street, Cleveland, OH 44120

$170,000
  • 3281 E 118th Street, Cleveland, OH 44120 Main Photo
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New to the Market Active
BEDS8 BATHS3 full SQUARE FEET2,481 MLS#5208605
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCrawford Woodhill Sub SCHOOLCleveland Municipal - 1809

Property Description

INVESTOR ALERT: Potential Cash-flow powerhouse-Rarely does an asset this stabilized hit the market with these numbers. This renovated 8-Bedroom Triplex in the Buckeye/Shaker neighborhood is a Cash-flow Powerhouse, delivering an incredible 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 from top to bottom over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: Newer Furnaces (2024), Newer Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. 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 in a vibrant, growing area 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 exceptional value and long-term performance. Secure this stabilized, high-velocity income stream today! Selling 'as is. Call today to schedule a private showing before it's gone!

3281 E 118th Street | MLS# 5208605

This multi-family property located at 3281 E 118th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $170,000. E 118th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on kdarrah.dehoff.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Sump Pump
Cooling: None
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Stories: 3.0
Taxes: $1,394 / year
Year Built: 1918

Amenities

Built-in Features
Crown Molding
His and Hers Closets
Multiple Closets
Storage
Walk-In Closet(s)
Balcony

Feature Descriptions

Appliances: Range, Refrigerator
Community Features: Other, Park
Days on Site: 2
Exterior: Aluminum Siding
Laundry: Laundry Chute, In Basement
Parcel#: 130-01-119
Parking: Detached, Garage
Patio/Porch: Balcony
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC.
Agency Contact: homeswithtom@gmail.com, 440-829-4541

Shown By

Agent Name: Kate Darrah
Agent Phone: (330) 354-7419
Agency Title: DeHOFF REALTORS

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Estimated Payment

$ 916.75 per month $751.00 Principal & Interest $116.17 Property Tax $49.58 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/11/2026. The listing information on this page last changed on 05/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 05/11/2026 6:38:06 AM EST) or MLS NOW (last updated Mon 05/11/2026 12:17:28 AM EST). Real estate listings held by brokerage firms other than DeHOFF REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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