Property Description

Investor opportunity with built-in income potential! This spacious two-family property offers the perfect chance to grow your portfolio while generating cash flow from day one. The lower unit is occupied by a long-term Section 8 tenant $795.00 ($689 from Section 8), providing steady rental income while you bring your vision to the upper unit. The upstairs unit is in need of updates, making this a great opportunity for an investor looking to add value and increase future rents. Whether you are looking to expand your investment portfolio or live in one unit while collecting income from the other, this property offers flexibility and potential. Bring your renovation ideas and unlock the possibilities. Conveniently located near local amenities, shopping, schools, and transportation. Opportunity is knocking for the savvy buyer ready to build wealth one property at a time. NO ASSIGNMENTS OR SELLER FINANCING! Prefer no site unseen offers!

2921 E 128th Street | MLS# 5208587

This multi-family property located at 2921 E 128th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $78,500. E 128th Street is located within the Cleveland Municipal - 1809 school district. Search Cleveland real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Common Basement

Basement: Yes

Cooling: None

Days on Market: 8

Garage: 2

Heating: Forced Air

Lot Size: 0.16 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $1,096 / year

Year Built: 1922

Feature Descriptions

Exterior: Aluminum Siding

Parcel#: 129-21-040

Parking: Detached, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 2921 E 128th Street, Cleveland, OH 44120

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 517.38 per month $403.15 Principal & Interest $91.33 Property Tax $22.90 Homeowner's Insurance

Change Payment Information

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2921 E 128th StreetCleveland, OH 44120