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3278 W 117th ST Cleveland, OH 44111
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Key Details
Sold Price $225,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision A J Marvins Resub
MLS Listing ID 5205123
Sold Date 07/16/26
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1928
Annual Tax Amount $3,332
Tax Year 2025
Lot Size 6,930 Sqft
Acres 0.1591
Property Sub-Type Triplex
Stories Two
Story Two
Property Description
**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.
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 021-22-004
Financing Other
Special Listing Condition Standard
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Bought with Johnny Kincaid • LPT Realty
NEARBY SCHOOLS & BUSINESSES
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