Investor Highlight: Total monthly rental income of $3,400 ($40,800 annually) on a $289,000 purchase price, exceeding the 1% rule at 1.18%. Current rents include a $1,700/month furnished first-floor unit, $1,100/month (will be going up to $1125 soon) second-floor long-term tenant, and $600/month third-floor one-bedroom. Annual property taxes are $8,036 (˜ $670/month). Major capital improvements reduce near-term expenses with two new furnaces (2024), new refrigerator (2024), and new washer/dryer (2025). Well-maintained asset with documented annual servicing, offering immediate cash flow and minimal deferred maintenance.
No seller financing and no wholesalers. PM is in place - truly a plug and play.
Closed
$317,900
3271 Desota Ave, Cleveland Heights, OH 44118
5beds
2,896sqft
Triplex, Multi Family
Built in 1925
-- sqft lot
$322,400 Zestimate®
$110/sqft
$1,620 Estimated rent
Home value
$322,400
$300,000 - $348,000
$1,620/mo
Zestimate® history
Owner options
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$2,256/mo
Est. payment
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$2,256/mo
Est. payment
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Two new furnacesNew refrigerator
Zillow last checked:
Listing updated:
Listed by:
Nicole Raichart 503-806-6517 shakerheightsrealtor@gmail.com,
Berkshire Hathaway HomeServices Professional Realty
Bought with:
Lisa A Gaines, 2006000835
Keller Williams Living
Source: MLS Now,MLS#: 5184613
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Features
- Breakfast Bar, Ceiling Fan(s), Granite Counters, Recessed Lighting
- Basement: Unfinished
Interior area
- Total structure area: 2,896
- Total interior livable area: 2,896 sqft
- Finished area above ground: 2,896
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage
- Garage spaces: 3
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 5,998 Square Feet
Details
- Parcel number: 68431048
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Minor Heights Land Companys
Location
- Region: Cleveland Heights
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $275,000
- Annual tax amount: $8,036
- Date on market: 2/5/2026
- Cumulative days on market: 15 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Sold | $317,900+10%$110/sqft |
Source:  MLS Now #5184613 Report a problem | ||
| 2/20/2026 | Pending sale | $289,000$100/sqft |
Source: MLS Now #5184613 Report a problem | ||
| 2/7/2026 | Contingent | $289,000$100/sqft |
Source: MLS Now #5184613 Report a problem | ||
| 2/5/2026 | Listed for sale | $289,000+5.1%$100/sqft |
Source: MLS Now #5184613 Report a problem | ||
| 8/16/2022 | Sold | $275,000+10%$95/sqft |
Source: MLS Now #4393175 Report a problem | ||
| 7/24/2022 | Pending sale | $249,900$86/sqft |
Source: MLS Now #4393175 Report a problem | ||
| 7/19/2022 | Listed for sale | $249,900+166.7%$86/sqft |
Source: MLS Now #4393175 Report a problem | ||
| 4/13/2021 | Sold | $93,700+274.8%$32/sqft |
Source: Public Record Report a problem | ||
| 3/3/2011 | Sold | $25,000-13.5%$9/sqft |
Source: Public Record Report a problem | ||
| 2/7/2011 | Pending sale | $28,900$10/sqft |
Source: Remax Beyond 2000 #3189556 Report a problem | ||
| 1/16/2011 | Price change | $28,900-9.4%$10/sqft |
Source: Remax Beyond 2000 #3189556 Report a problem | ||
| 12/17/2010 | Listed for sale | $31,900-76.4%$11/sqft |
Source: Remax Beyond 2000 #3189556 Report a problem | ||
| 7/20/2006 | Sold | $135,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,935 -2.1% | $96,250 |
| 2024 | $8,105 +43.5% | $96,250 +83.6% |
| 2023 | $5,647 -0.7% | $52,430 |
| 2022 | $5,690 +2% | $52,430 |
| 2021 | $5,577 +12.1% | $52,430 +24% |
| 2020 | $4,974 -47.6% | $42,280 |
| 2019 | $9,498 +89.5% | $42,280 |
| 2018 | $5,012 -64.5% | $42,280 +5.3% |
| 2017 | $14,136 +189.9% | $40,150 |
| 2016 | $4,876 +5% | $40,150 |
| 2015 | $4,643 -6.8% | $40,150 -7% |
| 2014 | $4,980 -30.9% | $43,160 |
| 2013 | $7,210 +63.1% | $43,160 |
| 2012 | $4,422 -42.3% | $43,160 -8.7% |
| 2011 | $7,662 +54.3% | $47,260 |
| 2010 | $4,966 -58.9% | $47,260 |
| 2009 | $12,069 +73% | $47,260 -4.4% |
| 2008 | $6,976 +69.4% | $49,460 |
| 2007 | $4,117 +4.6% | $49,460 |
| 2006 | $3,935 +10% | $49,460 +15.2% |
| 2005 | $3,577 -4.2% | $42,920 |
| 2004 | $3,732 +17.5% | $42,920 |
| 2003 | $3,176 +5.8% | $42,920 +14.5% |
| 2002 | $3,002 -49.1% | $37,490 |
| 2001 | $5,893 +0.4% | $37,490 |
| 2000 | $5,871 | $37,490 |
Find assessor info on the county website
Neighborhood: 44118
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Boulevard Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Roxboro Middle SchoolGrades: 6-8Distance: 1.8 mi
- 6/10Cleveland Heights High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Cleveland Hts-Univer - 1810
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
$322,400
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Estimated market value
$322,400
- Ohio
- Cuyahoga County
- Cleveland Heights
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- 3271 Desota Ave
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