Updated 3-Unit
For Sale
$190,000
3038 E 116th Street, Cleveland, OH 44120
The unit mix includes two 2-bedroom apartments and one 1-bedroom apartment, with one unit leased and two vacant.
Property SizeContact for details
Days on Market10
Property Features for 3038 E 116th Street
General Information
Standard status
Active
Property subtype
Residential Income
Site & Location
Neighborhood
Little Arabia
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$691
Amenities
Unfinished
true
2
4
false
Public
0.0964
Assessor
Driveway
1
Building Details
Year Built
1914
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patrick Lucey
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Investment Insights
Based on property information with market context.
This 1914 triplex contains two 2-bedroom apartments and one 1-bedroom apartment. One of the 2-bedroom units is leased through CMHA; the other two apartments are vacant. An RFTA has been submitted for the vacant 1-bedroom unit, while the vacant upper 2-bedroom unit is ready for occupancy.
Recent property work includes vinyl siding, a newer roof, updated mechanical systems, vinyl plank flooring, and fresh interior paint.
Recent property work includes vinyl siding, a newer roof, updated mechanical systems, vinyl plank flooring, and fresh interior paint.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- One 2‑bedroom apartment leased through CMHA
- RFTA submitted for the vacant 1‑bedroom apartment
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
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Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The unit mix includes two 2-bedroom apartments and one 1-bedroom apartment, with one unit leased and two vacant.
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: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; One 2‑bedroom apartment leased through CMHA; RFTA submitted for the vacant 1‑bedroom apartment
