2829 E 116th Street, Cleveland, OH 44120

Cleveland
Local realty services provided by:ERA Real Solutions Realty
2829 E 116th Street,Cleveland, OH 44120
$279,000
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  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: kim lewis, charles lewis
Office: home equity realty group
MLS#:5201392
Source:OH_NORMLS

Price summary

  • Price:$279,000

About this home

Turnkey 4-unit investment opportunity in Cleveland featuring all 2-bedroom, 1-bathroom units, offering strong rental potential and flexibility for investors. Two units are currently occupied at $950/month with leases in place through December 2026 and March 2027, providing stable income, while the remaining two units offer upside through lease-up or rent increases. Tenants pay for gas, with the owner covering electric and water. The property has been well maintained with numerous capital improvements, making it a solid, low-maintenance addition to any investment portfolio in a strong rental market. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

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Home facts

  • Year built:1920
  • Listing ID #:5201392
  • Added:59 day(s) ago
  • Updated:June 14, 2026 at 07:21 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1920
  • Lot area:0.11 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$279,000
  • Tax amount:$5,312 (2025)

Parking

  • Parking description:Driveway
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