3280 E 121st Street, Cleveland, OH 44120

Cleveland
Local realty services provided by:ERA Real Solutions Realty
3280 E 121st Street,Cleveland, OH 44120
$139,000
  • 3 Beds
  • 1 Baths
  • 1,404 sq. ft.
  • Single family
  • Active
Listed by: scott a marvin
Office: team results realty
MLS#:5190375
Source:OH_NORMLS

Price summary

  • Price:$139,000
  • Price per sq. ft.:$99

About this home

ATTENTION INVESTORS: SECTION 8 VALUE-ADD UPSIDE — RENT RESET PLAY WITH PROJECTED $1,600–$1,900/MO Ideal for an investor who wants control and upside instead of just inheriting an old, under-market lease. The current CMHA tenant is on a month-to-month lease and has fallen behind on rent, but is cooperative and willing to work with ownership, creating a natural transition point to either structure a cure plan or non-renew and bring in a fresh, fully qualified Section 8 tenant at today's stronger rent levels. Based on current CMHA schedules and area performance, a refreshed tenancy is expected to support a revised rent in the projected $1,500–$1,900/month range, subject to CMHA approval and buyer verification. The house also has a value-add opportunity with ample basement space to add 2 more bedrooms, increasing the rent potential to $1800-2400/mo. Located in a high-demand rental corridor on Cleveland's east side, this property sits in a strong proven Section 8 pocket where homes

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Home facts

  • Year built:1920
  • Listing ID #:5190375
  • Added:3 day(s) ago
  • Updated:March 06, 2026 at 03:16 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Basement:Yes
  • Basement Description:Full
  • Living area:1,404 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:1,404 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick, Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$139,000
  • Price per sq. ft.:$99
  • Tax amount:$1,288 (2025)
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