3427 E 121st Street, Cleveland, OH 44120

Cleveland
Local realty services provided by:ERA Real Solutions Realty
3427 E 121st Street,Cleveland, OH 44120
$100,000
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  • 3 Beds
  • 1 Baths
  • 2,442 sq. ft.
  • Single family
  • Pending
Listed by: keyano burgess
Office: lokal real estate, llc.
MLS#:5192555
Source:OH_NORMLS

Price summary

  • Price:$100,000
  • Price per sq. ft.:$40.95

About this home

Welcome to 3427 E 121st Street, a strong income-producing single-family home featuring 3 bedrooms and 1 bathroom, offering an excellent opportunity for investors seeking reliable cash flow and long-term stability. This Section 8 occupied property is currently generating impressive rental income, with CMHA paying $1,411 per month and the tenant contributing an additional $357, for a total monthly rent of $1,768 per month. At the current asking price, this property shatters the traditional 1% rule, approaching nearly 2% monthly returns, making it a standout cash-flow opportunity in today’s market. In addition to its strong income performance, the property has received several key updates that provide peace of mind for long-term ownership. Improvements include a furnace that is approximately 5 years old, a hot water tank that is also around 5 years old, along with a new roof and new windows installed throughout the home. With dependable rental income already in place and...

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Home facts

  • Year built:1917
  • Listing ID #:5192555
  • Added:376 day(s) ago
  • Updated:April 01, 2026 at 07:19 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:8
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,442 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1917
  • Building area:2,442 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Colonial
  • Construction Materials:Wood Siding
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$100,000
  • Price per sq. ft.:$40.95
  • Tax amount:$462 (2024)

Parking

  • Parking description:Detached, Driveway, Garage
  • Garage:Yes
  • Garage spaces:2
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