Updated Triplex with Rent-Ready
For Sale
$190,000
3038 E 116th Street, Cleveland, OH 44120
ResidentialIncome, Cleveland, OH
Property SizeContact for details
Lot Size0.10 Acres
Days on Market61
Property Features for 3038 E 116th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
2
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2
Parking features
Driveway
Subdivision
Continental
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
Corner lot off E 116th
Standard status
Active
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
Legal Description
435 SWC CONTINENTAL
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
Fiberglass, Asphalt
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Midge Maguire · License #2023004311
(714) 402-5560
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 30 at 8:06PM
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 three-unit residential income property was built in 1914 and includes a two-bedroom lower front unit, a one-bedroom rear unit, and a two-bedroom upper front unit. Recent work includes brand-new vinyl siding, a newer fiberglass and asphalt roof, updated mechanical systems, vinyl plank flooring, and fresh interior paint. The units are positioned for continued occupancy with one leased under 100% CMHA support, one awaiting a rent offer after an RFTA submission, and one vacant unit ready for occupancy.
The property sits on 0.0964 acres and is served by public water and public sewer. Forced-air heating and driveway parking provide practical building amenities for the existing unit configuration.
The property sits on 0.0964 acres and is served by public water and public sewer. Forced-air heating and driveway parking provide practical building amenities for the existing unit configuration.
Key Highlights
- Triplex with two 2‑bedroom units and one 1‑bedroom unit
- 0.0964‑acre lot with driveway parking
- Brand‑new vinyl siding and newer fiberglass and asphalt roof
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated finishes, public utilities, forced-air heat, and driveway parking.
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: Triplex with two 2‑bedroom units and one 1‑bedroom unit; 0.0964‑acre lot with driveway parking; Brand‑new vinyl siding and newer fiberglass and asphalt roof
