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  • $225,000

    3278 W 117th St, Cleveland, OH 44111

    6beds
    --sqft
    Triplex, Multi Family
    Built in 1928
    -- sqft lot
    $280,600 Zestimate®
    $--/sqft
    $851 Estimated rent

    Home value

    $280,600

    $267,000 - $295,000

    $851/mo

    Zestimate® history
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    $851/mo

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    $851/mo

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    $1,667/mo

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    $1,667/mo

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    What's special

    **CASH COW** This three-unit property delivers exceptional income potential. The building features two fully renovated three-bedroom apartments, with a pristine basement that includes an efficiency area with laundry. There is also a commercial storefront currently leased at $1,000 per month (tenant has not yet taken occupancy). The property has been well maintained, including a brand-new roof installed just six months ago. Even the basement is in excellent condition, offering clean and usable space. Based on fair market rents exceeding $1,700 per unit for the apartments, the total monthly income potential approaches $4,400—making this a compelling opportunity at a VERY FAIR price point. With strong cash flow potential and valuable tax advantages, this property is well-suited for investors seeking reliable passive income or a long-term addition to a retirement portfolio. Priced competitively to reflect minor exterior cosmetic updates needed, this is a high-upside investment with solid fundamentals already in place.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tarina M Sidoti 419-706-2365 tarina.sellshomes@yahoo.com,

    Berkshire Hathaway HomeServices Professional Realty

    Bought with:

    Johnny Kincaid, 2020005924

    LPT Realty

    Source: MLS Now,MLS#: 5205123MLS LogoOriginating MLS: Firelands Association Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Features
    • Basement: Full

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,930 Square Feet
    Details
    • Parcel number: 02122004
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: A J Marvins Resub
    Location
    • Region: Cleveland

    Financial & listing details

    • Tax assessed value: $139,800
    • Annual tax amount: $3,332
    • Date on market: 5/1/2026
    • Cumulative days on market: 39 days

    Price history

    DateEventPrice
    7/16/2026Sold$225,000-22.1%
    Source: MLS Now #5205123 Report a problem
    6/16/2026Pending sale$289,000
    Source: MLS Now #5205123 Report a problem
    5/1/2026Listed for sale$289,000+175.2%
    Source: MLS Now #5205123 Report a problem
    7/15/2008Sold$105,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,061 +0.2%$48,930
    2024$5,050 +53.8%$48,930 +48.9%
    2023$3,283 +0.1%$32,870
    2022$3,278 -0.3%$32,870
    2021$3,288 +5.9%$32,870 +10.1%
    2020$3,104 +6.2%$29,860
    2019$2,922 +2.5%$29,860
    2018$2,850 -83.5%$29,860 +6.2%
    2017$17,238 +93.1%$28,110
    2016$8,926 +5.2%$28,110
    2015$8,483 -39.8%$28,110 -12%
    2014$14,091 $31,960
    Find assessor info on the county website

    Neighborhood: Jefferson

    Nearby schools

    GreatSchools rating
    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
    $280,600
    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
    $280,600