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    871 E 141St St Cleveland, OH 44110

    Pending
    For Sale
    $275,000

    MULTI_FAMILY - Cleveland, OH

    Property size:
    4,550 SF
    Lot size:
    0.11 Acres
    Days on Market:
    101
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 871 E 141St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 5, Bathroom 1, Bathroom 6, Bedroom 11, Bedroom 9, Basement, Bathroom 2, Bedroom 3, Bedroom 10, Bathroom 7, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 1, Bedroom 4, Laundry Room, Bathroom 4, Bedroom 2
    Bedrooms
    11
    Bathrooms
    7
    APN
    115-02-067
    Parking features
    On Street
    Size
    4,550 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Steam, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt, Fiberglass

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Brandi Peyatt (440) 539-7008 License #2019000533

    Listing date Sep 5, 2025

    Copyright © 2025 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.

    Overview

    Cleveland Investment Property For Sale

    This is a solid brick, seven-unit investment property located in Cleveland, Ohio. Six of the seven units are currently occupied. The current rents are $850, $750, $750, $750, $700, and $700. There is one vacant studio apartment available for lease. The property generates a current gross monthly income of $4,500, resulting in a current gross annual income of $54,000. With full occupancy, the projected monthly income is approximately $5,100, leading to an estimated annual income of around $61,200. The property, situated on a 0.1069-acre lot, has a total size of 4,550 square feet. It features a strong rental history and a stable tenant base, offering reliable cash flow with upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.583681
    Latitude
    41.55584

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit brick building with reliable cash flow and upside potential.
    Where is this apartment building located?
    The property is located at 871 E 141St St Cleveland, OH.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Solid brick 7-unit investment property with 6 of 7 units currently occupied, providing immediate income.; - Strong rental history and stable tenant base, indicating reliable cash flow.; - Current gross annual income of $54,000 with potential to reach $61,200 when fully rented.
    (440) 539-7008
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    Cleveland, OH 44110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    871 E 141St St Cleveland, OH 44110
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