Collect $2,373/month OR MORE on this
3-Unit Property in East Cleveland, OH!
• Are you looking for real passive income?
• Are you looking to multiply your returns in real estate?
• Tired of competing over single family units?
For less than the price of many Single Family Homes, you can have 3 income-producing units!
PRICED TO MOVE QUICKLY: $40,000
Don’t miss out!
This multifamily property offers multiple money-generating strategies:
? Pro forma cap rate after repairs 23.4%
? Cash on cash return 31.1%
? 5 year annual ROI 43.4% per year
? About 27k in repairs needed
? Great mix of three 2 bed/1 bath units
? Priced to MOVE
? Fully occupied
? Perfect small apartment starter
? Priced below market
? Even more possible value plays!
This is an off-market deal.
For IMMEDIATE DELIVERY of the Property Package:
Option 1: Text your name & email to 213-344-5791 and a packet will be emailed within 10 minutes
Option 2: Dial the voice box at 213-344-5791 and speak ONLY your name & email – a packet will be emailed within 10 minutes
Sold for $75,000
$75,000
1240 E 137th St, East Cleveland, OH 44112
4beds
2,827sqft
MultiFamily
Built in 1926
-- sqft lot
$109,300 Zestimate®
$27/sqft
$1,206 Estimated rent
Home value
$109,300
$80,000 - $144,000
$1,206/mo
Zestimate® history
Owner options
List your home for rent
$1,206/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,206/mo
Rent Zestimate®
Refinance and save
$437/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$437/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air
Cooling
- None
Features
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,827 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Other
Lot
- Size: 4,800 Square Feet
Details
- Parcel number: 67101142
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
Materials
- Roof: Asphalt
Condition
- Year built: 1926
Community & HOA
Location
- Region: East Cleveland
Financial & listing details
- Price per square foot: $27/sqft
- Tax assessed value: $30,900
- Annual tax amount: $662
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $75,000+650%$27/sqft |
Source: Public Record Report a problem | ||
| 12/6/2024 | Sold | $10,000-75%$4/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/30/2017 | Listing removed | $40,000$14/sqft |
Source: Owner Report a problem | ||
| 10/2/2016 | Listed for sale | $40,000$14/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $662 +1.6% | $10,820 |
| 2024 | $652 +20.6% | $10,820 +67% |
| 2023 | $541 +0.3% | $6,480 |
| 2022 | $539 +0.9% | $6,480 |
| 2021 | $534 +4.5% | $6,480 +13.5% |
| 2020 | $511 -6.3% | $5,710 +0.2% |
| 2019 | $545 -21.3% | $5,700 -0.2% |
| 2018 | $692 -25% | $5,710 -35.8% |
| 2017 | $923 +0.9% | $8,900 |
| 2016 | $915 | $8,900 |
| 2015 | $915 -6.6% | $8,900 -15% |
| 2014 | $980 +1.4% | $10,470 |
| 2013 | $966 +2.6% | $10,470 |
| 2012 | $942 +536.7% | $10,470 -46.6% |
| 2011 | $148 -90% | $19,600 |
| 2010 | $1,475 +8.8% | $19,600 |
| 2009 | $1,355 -5.6% | $19,600 -11.9% |
| 2008 | $1,435 +1.1% | $22,260 |
| 2007 | $1,419 +4.4% | $22,260 |
| 2006 | $1,359 +0.7% | $22,260 +7.6% |
| 2005 | $1,349 +1.6% | $20,690 |
| 2004 | $1,328 +3.1% | $20,690 |
| 2003 | $1,287 +3.5% | $20,690 +7.5% |
| 2002 | $1,244 -48.4% | $19,250 |
| 2001 | $2,412 | $19,250 |
| 2000 | $2,412 | $19,250 |
Find assessor info on the county website
Neighborhood: 44112
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Mayfair Elementary SchoolGrades: 3-5Distance: 0.7 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Shaw High SchoolGrades: 9-12Distance: 0.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$109,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$109,300
- Ohio
- Cuyahoga County
- East Cleveland
- 44112
- 1240 E 137th St
Nearby cities
Nearby zip codes
Other East Cleveland Topics
