2997 E 130th ST Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44120
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $55
Subdivision Ricehts
MLS Listing ID 5115997
Bedrooms 8
Full Baths 3
Year Built 1918
Annual Tax Amount $877
Tax Year 2023
Lot Size 6,878 Sqft
Property Sub-Type Triplex
Property Description
Welcome to 2997 E 130th Street in Cleveland, OH 44120—a fully renovated triplex located just a stone's throw from the revitalized Shaker Square Shopping Center. This vibrant area has seen significant investment in recent years and offers a wide variety of amenities including a movie theater, grocery store, veterinarian office, popular restaurants, and more—making it an ideal location for tenants or homeowners alike.
This solid brick property features three updated units: the first and second floors each offer 3 bedrooms and 1 bathroom, while the third-floor unit includes 2 bedrooms and 1 bathroom. Every unit has been thoughtfully renovated from top to bottom, featuring fresh paint, new flooring, brand-new kitchens with modern finishes, and fully updated bathrooms. Major systems have also been addressed, with all-new plumbing and electrical. Additionally, new furnaces and hot water tanks will be installed prior to closing, offering added peace of mind.
From an investment perspective, this property is a cash-flow powerhouse. Based on the 2025 CMHA payment standards—$1,468 for 3-bedroom units and $1,129 for 2-bedroom units—this triplex has the potential to generate $4,065 per month in rental income. At a $150,000 purchase price, that equates to a 2.7% monthly return and significantly exceeds the traditional 1% rule, making it an exceptional opportunity for savvy investors.
Whether you're looking for a turnkey rental property or an owner-occupant strategy like house hacking, this triplex checks all the boxes. Don't miss out—contact your favorite realtor today to schedule a private showing. This one won't last long!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air,Gas
Cooling None
Exterior
Parking Features Driveway
Roof Type Asphalt,Fiberglass
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809