2829 E 116th Street, Cleveland, OH 44120
- $260,000
- 8
- BD
- 4
- BA
- Sold Price
- $260,000
- List Price
- $279,000
- Status
- CLOSED
- Days on Market
- 87
- Closing Date
- Jul 10, 2026
- MLS#
- 5201392
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.11
- MLS Area Major
- Cleveland
Property Description
Turnkey 4-unit investment opportunity in Cleveland featuring all 2-bedroom, 1-bathroom units, offering strong rental potential and flexibility for investors. Two units are currently occupied at $950/month with leases in place through December 2026 and March 2027, providing stable income, while the remaining two units offer upside through lease-up or rent increases. Tenants pay for gas, with the owner covering electric and water. The property has been well maintained with numerous capital improvements, making it a solid, low-maintenance addition to any investment portfolio in a strong rental market. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.
Additional Information
- Taxes
- $5,312
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Parking Features
- Driveway
- School District
- Cleveland Municipal - 1809
Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group
Selling Office: EXP Realty, LLC..Mortgage Calculator
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