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Listed price in listed location currency (USD).
$176,000
$150,000

830

MLS® 5115997

Overview

Key Facts

Type Triplex
Levels Residential Income
Size 2700 sqft
Garage No
Taxes $877
Lot Size 0.1579 acres
Approx. Age 1918
Avg. Price Per Sqft $55
MLS® Number 5115997

Property Address: 2997 E 130th St, Cleveland, OH, 44120-3075

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 2997 E 130th Street in Cleveland, OH 44120—a fully renovated triplex located just a stone’s throw from the revitalized Shaker Square Shopping Center. This vibrant area has seen significant investment in recent years and offers a wide variety of amenities including a movie theater, grocery store, veterinarian office, popular restaurants, and more—making it an ideal location for tenants or homeowners alike. This solid brick property features three updated units: the first and second floors each offer 3 bedrooms and 1 bathroom, while the third-floor unit includes 2 bedrooms and 1 bathroom. Every unit has been thoughtfully renovated from top to bottom, featuring fresh paint, new flooring, brand-new kitchens with modern finishes, and fully updated bathrooms. Major systems have also been addressed, with all-new plumbing and electrical. Additionally, new furnaces and hot water tanks will be installed prior to closing, offering added peace of mind. From an investment perspective, this property is a cash-flow powerhouse. Based on the 2025 CMHA payment standards—$1, 468 for 3-bedroom units and $1, 129 for 2-bedroom units—this triplex has the potential to generate $4, 065 per month in rental income. At a $150, 000 purchase price, that equates to a 2.7% monthly return and significantly exceeds the traditional 1% rule, making it an exceptional opportunity for savvy investors. Whether you're looking for a turnkey rental property or an owner-occupant strategy like house hacking, this triplex checks all the boxes. Don’t miss out—contact your favorite realtor today to schedule a private showing. This one won’t last long!
MLS® Number5115997
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1579
Exterior
GarageNo
Approx. Age1918
BasementFull
DrivewayDriveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Apr 23, 2025End Date
$176,000Sold Price

Sold

Apr 19, 2025List Date
$150,000List Price

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