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Turnkey Triplex Income Property

3038 E 116th Street Cleveland, OH 44120

3038 E 116th Street, Cleveland, OH, 44120
$190,000
Pending
For Sale
Claim this Listing
$190,000
Pending

MULTI_FAMILY - Cleveland, OH

Lot Size0.10 Acres
AddedJul 1
Days on Market16
Last RefreshJul 16 at 9:06 am

Property Features for 3038 E 116th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1
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
Fiberglass, Asphalt

Listing agent Midge Maguire License #2023004311

Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH

Listing date Jul 1, 2026

MLS# 5221392 Listing URL

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.

Key Highlights

  • Triplex built in 1914 with vinyl siding and forced‑air heating
  • Public water and public sewer service
  • Brand‑new vinyl siding, newer roof, updated mechanicals, new vinyl plank flooring, and fresh interior paint

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Infectious Gaming Gym & Fitness Center

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Hotel & Motel Acupuncture Cafe & Coffee Shop Accounting Firm Carpet & Flooring Store Travel Agency

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

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: Triplex built in 1914 with vinyl siding and forced‑air heating; Public water and public sewer service; Brand‑new vinyl siding, newer roof, updated mechanicals, new vinyl plank flooring, and fresh interior paint
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