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2829 E 116th ST Cleveland, OH 44120
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Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5201392
Sold Date 07/10/26
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1920
Annual Tax Amount $5,312
Tax Year 2025
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Quadruplex
Stories Two
Story Two
Property Description
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.
Location
State OH
County Cuyahoga
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 129-14-013
Financing Conventional
Special Listing Condition Standard
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Bought with Nicole M Garcia • EXP Realty, LLC.
NEARBY SCHOOLS & BUSINESSES
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