4 months on rocket

3408 E 140th St, Cleveland, OH, 44120

$129,900

Home List Price

$1,543*

Closing Credit

5 Bedrooms
2 Full Baths
1,602 SqFt
$81/SqFt
Multi

Location

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3408 E 140th St, Cleveland$129,900

Buyer Closing Credits

$1,543*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, On Site, Paved, On Street
Year Built1910
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #5051215
Lot Size0.17 Acres
StatusActive

About 3408 E 140th St

Attention savvy investors! Here's an unbeatable chance to acquire an attractive duplex with a ton of upside in bustling Cleveland. One unit is currently occupied and generates $1,150 per month. The property features a 2-bedroom unit and a 3-bedroom unit, with the owner covering all utilities for added tenant appeal. With a proforma cap rate well over 11%, this investment shows great promise for significant returns. The duplex has undergone some updates, including fresh paint, a new furnace and water tank, sleek vinyl flooring, and some kitchen and bathroom upgrades. Don’t miss this golden opportunity to enhance your portfolio with a property that combines substantial income potential with low maintenance and high tenant satisfaction!

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 1,602 SqFt

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, On Site, Paved, On Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: North of HWY 422

Price Information

Listing Price Info

Price Summary:

  • List Price: $129,900
  • Price Per SqFt: $81/SqFt

Tax Information:

  • Annual Amount: $948
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Cleveland, OH.

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Cleveland, OH

City

Med. Sold Price

$164.2K

Med. Price/SqFt

$99

Avg. Days On Market

36

# of Sold Homes

719

3408 E 140th St vs Cleveland

120 DAYS ON ROCKET

+84 Days

$129,900

-$34.3K Less

$81/SqFt

-$19 Less

KEY TAKEAWAY

This property is $34.3K less than the Median Sold Price and $19/SqFt less than other homes in Cleveland, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOWDD
  • MLS Number: #5051215

Listing Office:

  • Office Name: Russell Real Estate Services
  • Office Phone: (216) 870-8687
  • Listing Agent: Tal Tamir

IDXCopyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 17, 2020Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2019$948$33,100
2018$945$11,590
2017$1,261$14,910

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-116104
5
/10

  • Onaway Elementary School

  • 3115 Woodbury Rd

  • 0.91 miles

  • Public District Grades PK-4

school-card-donut-116105
4
/10

  • Boulevard Elementary School

  • 14900 Drexmore Rd

  • 1.10 miles

  • Public District Grades KG-4

school-card-donut-116106
3
/10

  • Phoenix Village Academy Primary 2

  • 12601 Shaker Blvd

  • 1.31 miles

  • Public Charter Grades 3-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,348. Residents of Cleveland, OH typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Ohio›Cuyahoga County›Cleveland›44120›3408 E 140th St

This home is located at 3408 E 140th St in Cleveland, OH and zip code 44120 in the Mount Pleasant neighborhood. This 1,602 square foot home, which was built in 1910, sits on a 0.17 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 08, 2024 and is currently priced at $129,900.

While more than 275 listings in Cleveland, OH in October 2024 were sold above asking price, there were more than 110 listings sold at asking price, and more than 333 were sold below. In October 2024 in Cleveland, OH there were 4.7% more homes for sale than in September 2024. In October 2024 median list price was $164,291 and the average listing age was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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