Turnkey Triplex Income
3038 E 116th Street Cleveland, OH 44120
3038 E 116th Street, Cleveland, OH, 44120
$190,000
Pending
For Sale
$190,000
Pending
MULTI_FAMILY - Cleveland, OH
Lot Size0.10 Acres
Days on Market22
Property Features for 3038 E 116th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Driveway
- Standard status
- Pending
- APN
- 128-25-026
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 435 SWC CONTINENTAL
- Tax Annual Amount
- 691
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 3
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass
Listing agency
Keller Williams Greater Metropolitan
(216) 839-5500
Listed by
Midge Maguire · License #2023004311
(714) 402-5560
Added: Jul 1 Updated: Jul 17 at 10:18PM Checked: Jul 22 at 6:06AM
MLS# 5221392
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey triplex is configured with three separate units, including a leased front down 2-bedroom unit. The property has brand-new vinyl siding, a newer roof, updated mechanicals, new vinyl plank flooring, and fresh interior paint, with rent-ready finishes in place. Two units are currently vacant: the rear 1-bedroom unit has an RFTA submitted and is awaiting a rent offer, and the front upper 2-bedroom unit is ready for immediate occupancy.
The property is located at 3038 E 116th Street in Cleveland, OH 44120, on a 0.0964-acre lot.
For tenants and buyers seeking a low-lift, move-in-ready residential income property, this setup offers an occupied unit alongside two units that can be brought into service immediately or upon leasing. With one unit already leased and one ready for immediate occupancy, the triplex can support a streamlined leasing plan while maintaining a consistent three-unit building structure.
The property is located at 3038 E 116th Street in Cleveland, OH 44120, on a 0.0964-acre lot.
For tenants and buyers seeking a low-lift, move-in-ready residential income property, this setup offers an occupied unit alongside two units that can be brought into service immediately or upon leasing. With one unit already leased and one ready for immediate occupancy, the triplex can support a streamlined leasing plan while maintaining a consistent three-unit building structure.
Key Highlights
- Turnkey triplex built in 1914 with vinyl siding and asphalt/fiberglass shingle roof
- Two‑bedroom unit (front down) is leased at $1,246/month with 100% CMHA
- Vacant rear 1‑bedroom unit with RFTA submitted and awaiting a rent offer
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Infectious Gaming
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex with updated roof, mechanics, siding, and rent-ready interiors in Cleveland’s 44120.
Where is this triplex located?
The property is located at 3038 E 116th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Turnkey triplex built in 1914 with vinyl siding and asphalt/fiberglass shingle roof; Two‑bedroom unit (front down) is leased at $1,246/month with 100% CMHA; Vacant rear 1‑bedroom unit with RFTA submitted and awaiting a rent offer
