Investor-ready and already income-producing! This tenant-occupied Cape Cod in Cleveland's Rice Homestead Allotment is generating $1,350/month, offering a solid return from day one. With 3 bedrooms, 2 full baths, and over 1,300 square feet of living space, this two-story home features hardwood flooring throughout, a full unfinished basement, and maintenance-friendly vinyl and aluminum siding. Located near key transit routes and public amenities, it’s an ideal low-maintenance addition to any rental portfolio. No showings until an offer is accepted—please do not disturb tenants.
Closed
$89,000
2916 E 118th St, Cleveland, OH 44120
3beds
1,344sqft
Single Family Residence
Built in 1915
3,641 Square Feet Lot
$117,800 Zestimate®
$66/sqft
$1,421 Estimated rent
Home value
$117,800
$98,000 - $137,000
$1,421/mo
Zestimate® history
Owner options
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$1,421/mo
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$1,421/mo
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$519/mo
Est. payment
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$519/mo
Est. payment
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Full unfinished basementHardwood flooring
Zillow last checked:
Listing updated:
Listed by:
Katrina Spencer 216-835-4705 katrinaspencer@welldeservedllc.com,
Fairfellow Realty LLC
Bought with:
Lea K Jones, 2019005493
Keller Williams Living
Source: MLS Now,MLS#: 5153351
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,344
- Total interior livable area: 1,344 sqft
- Finished area above ground: 1,344
Property
Parking
- Parking features: No Garage, Paved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,641 Square Feet
Details
- Parcel number: 12918121
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Rice Homestead Allotment
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $44,300
- Annual tax amount: $1,037
- Date on market: 9/4/2025
- Cumulative days on market: 58 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2025 | Sold | $89,000+18.8%$66/sqft |
Source:  MLS Now #5153351 Report a problem | ||
| 2/23/2024 | Sold | $74,900+328%$56/sqft |
Source: MLS Now #5010096 Report a problem | ||
| 11/10/2015 | Sold | $17,500-10.3%$13/sqft |
Source: Public Record Report a problem | ||
| 5/13/2015 | Sold | $19,500$15/sqft |
Source: Public Record Report a problem | ||
| 11/4/2013 | Sold | $19,500+200%$15/sqft |
Source: Public Record Report a problem | ||
| 9/13/2012 | Sold | $6,500-47.2%$5/sqft |
Source: Public Record Report a problem | ||
| 10/7/2009 | Sold | $12,300$9/sqft |
Source: Public Record Report a problem | ||
| 6/17/2008 | Sold | $12,300-75.4%$9/sqft |
Source: Public Record Report a problem | ||
| 3/19/2007 | Sold | $50,000-51%$37/sqft |
Source: Public Record Report a problem | ||
| 7/30/2004 | Sold | $102,000+178.2%$76/sqft |
Source: Public Record Report a problem | ||
| 4/9/2004 | Sold | $36,667-26.7%$27/sqft |
Source: Public Record Report a problem | ||
| 9/5/1995 | Sold | $50,000$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,038 +0% | $15,510 |
| 2024 | $1,037 +50.3% | $15,510 +74.5% |
| 2023 | $690 +0.6% | $8,890 |
| 2022 | $686 +0.9% | $8,890 |
| 2021 | $680 +1.2% | $8,890 +17% |
| 2020 | $671 +8% | $7,600 |
| 2019 | $622 +0.3% | $7,600 |
| 2018 | $620 -60.8% | $7,600 -38.2% |
| 2017 | $1,580 +53.4% | $12,290 |
| 2016 | $1,031 | $12,290 |
| 2015 | $1,031 -78% | $12,290 -10% |
| 2014 | $4,686 +24.1% | $13,660 |
| 2013 | $3,776 -25.5% | $13,660 |
| 2012 | $5,067 +38.8% | $13,660 +58.7% |
| 2011 | $3,650 +31.8% | $8,610 |
| 2010 | $2,770 -36.6% | $8,610 -72.6% |
| 2009 | $4,370 +99.9% | $31,430 -12% |
| 2008 | $2,186 +8.5% | $35,710 |
| 2007 | $2,014 +3% | $35,710 |
| 2006 | $1,956 -4.9% | $35,710 |
| 2005 | $2,058 -2.6% | $35,710 +67.2% |
| 2004 | $2,114 +75.6% | $21,360 |
| 2003 | $1,204 +13.6% | $21,360 +12.6% |
| 2002 | $1,059 -42.8% | $18,970 |
| 2001 | $1,853 +4.5% | $18,970 |
| 2000 | $1,774 | $18,970 |
Find assessor info on the county website
Neighborhood: Buckeye Shaker
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Nearby schools
GreatSchools rating
- 3/10Harvey Rice Elementary SchoolGrades: PK-8,10Distance: 0.4 mi
- 3/10Sunbeam PreK-8 SchoolGrades: PK-8Distance: 0.7 mi
- 3/10Nathan Hale SchoolGrades: PK-8Distance: 1.3 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$117,800
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Estimated market value
$117,800
- Ohio
- Cuyahoga County
- Cleveland
- 44120
- Buckeye Shaker
- 2916 E 118th St
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