505 E 149th Street, Cleveland, OH 44110

Cleveland
Local realty services provided by:ERA Real Solutions Realty
505 E 149th Street,Cleveland, OH 44110
$148,000
Virtual Tour
  • 4 Beds
  • 2 Baths
  • 2,054 sq. ft.
  • Multi-family
  • Active
Listed by: jullian vaughn
Office: premier heights realty llc.
MLS#:5240042
Source:OH_NORMLS

Price summary

  • Price:$148,000
  • Price per sq. ft.:$72.05

About this home

Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.

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Home facts

  • Year built:1921
  • Subdivision & Development:Lake Shore Blvd Sub/J Lar
  • Listing ID #:5240042
  • Added:62 day(s) ago
  • Updated:October 28, 2026 at 02:16 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,054 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1921
  • Building area:2,054 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Vinyl Siding, Wood Siding

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$148,000
  • Price per sq. ft.:$72.05
  • Tax amount:$1,272 (2025)

Parking

  • Parking description:Driveway
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