3271 Desota Avenue, Cleveland Heights, OH 44118

Local realty services provided by:ERA Real Solutions Realty
3271 Desota Avenue,Cleveland Heights, OH 44118
$289,000
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 2,896 sq. ft.
  • Multi-family
  • Pending
Listed by: nicole raichart
Office: berkshire hathaway homeservices professional realty
MLS#:5184613
Source:OH_NORMLS

Price summary

  • Price:$289,000
  • Price per sq. ft.:$99.79

About this home

Investor Highlight: Total monthly rental income of $3,400 ($40,800 annually) on a $289,000 purchase price, exceeding the 1% rule at 1.18%. Current rents include a $1,700/month furnished first-floor unit, $1,100/month (will be going up to $1125 soon) second-floor long-term tenant, and $600/month third-floor one-bedroom. Annual property taxes are $8,036 (˜ $670/month). Major capital improvements reduce near-term expenses with two new furnaces (2024), new refrigerator (2024), and new washer/dryer (2025). Well-maintained asset with documented annual servicing, offering immediate cash flow and minimal deferred maintenance. No seller financing and no wholesalers. PM is in place - truly a plug and play.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1925
  • Listing ID #:5184613
  • Added:4 day(s) ago
  • Updated:February 10, 2026 at 08:18 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,896 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1925
  • Building area:2,896 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$289,000
  • Price per sq. ft.:$99.79
  • Tax amount:$8,036 (2025)
MLS Logo

New listings near 3271 Desota Avenue