Listed By
Agency Name: RE/MAX Transitions
Agency Contact: TheTayeGroup@gmail.com, 440-454-2456
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Excellent investment opportunity at 3438 E 140th St in Cleveland! This solid brick four-unit property offers strong cash flow potential with three occupied units and one vacant unit ready for lease or owner occupancy. Each spacious unit features 2 bedrooms, 1 full bath, and approximately 800 square feet with practical layouts that attract long-term tenants. Current gross monthly income is $2,340 with additional upside by leasing the vacant unit at market rent, creating immediate value-add potential for investors. Tenants pay gas and electric, while the owner covers water, sewer, taxes, snow removal, and repairs. Built in 1924 and updated/remodeled over time, this well-maintained quadruplex offers over 6,200 total square feet, including more than 4,100 above grade plus a full unfinished basement. The basement provides common laundry area access with electric dryer hookup and washer hookups. Property features include forced air heating, ceiling fans, energy-efficient lighting and windows, and efficient hot water distribution. Appliances include ranges, refrigerators, smoke detectors, and CO detectors in units. Situated on a level 0.14-acre lot in the Rapid Transit Land Cos Shaker subdivision, the property offers a detached 4-car garage, and additional driveway parking, a major bonus for tenant retention. Brick exterior construction and asphalt shingle roof contribute to long-term durability and lower exterior maintenance. Public water and sewer services are in place. Conveniently located with access to Kinsman Road, public transportation, shopping, schools, and major highways, this property sits within the Cleveland Municipal School District and remains attractive to renters seeking accessibility and value. With solid rental history, strong occupancy, and opportunity to increase rents over time, this income-producing asset presents an excellent addition to any portfolio. This property offers stability, income, and long-term appreciation potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Ceiling Fan(s), None
Days on Market: 1
Garage: 4
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $3,595 / year
Year Built: 1924
Feature Descriptions
Appliances: Range, Refrigerator
Community Features: None
Exterior: Brick
Fencing: None
Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, In Basement
Lot: < 1/2 Acre, Cleared, Flat, Front Yard, Landscaped, Level
Parcel#: 130-12-056
Parking: Driveway, Detached, Garage
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
View: City Lights, City, Neighborhood
Water: Public
Local Schools
School District: Cleveland Municipal - 1809
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Estimated Payment
$ 1,850.27 per month $1,463.21 Principal & Interest $299.58 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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3438 E 140th Street | MLS# 5189373
This multi-family property located at 3438 E 140th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $299,900. E 140th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on www.cutlerhomes.com today.