2997 E 130th ST Cleveland, OH 44120
UPDATED:
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
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,700
Year Built 1918
Annual Tax Amount $877
Tax Year 2023
Contingent Inspections
Lot Size 6,878 Sqft
Acres 0.1579
Property Sub-Type Triplex
Property Description
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
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-25-025