3423 E 140th StreetCleveland, OH 44120

3423 E 140th StreetCleveland, OH 44120

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$239,900 Active
Multi Unit - Multiple MLS 5181531
8 beds 4 full baths 6,219 sqft
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Listed By

Agency Name: Keller Williams Living
Agency Contact: Erinthomas@kwcommercial.com, 440-670-2300

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Well-maintained 4-unit apartment building offering immediate cash flow with value-add upside. Three units are currently occupied at $850/month, with one vacant unit needing minor updates that could support higher rent once completed. All units feature 2 bedrooms and 1 bathroom. Tenants pay their own gas and electric, helping keep operating expenses low. Property is lead certified and provides a solid foundation for investors looking to increase returns through light improvements and rent growth. Roof is older and priced accordingly. Conveniently located near the shops, restaurants, and transit of Shaker Square and Shaker Town Center, making it an attractive rental location with consistent demand. Strong opportunity to increase income while collecting rents from day one.

3423 E 140th Street | MLS# 5181531

This multi-family property located at 3423 E 140th Street, Cleveland, OH 44120 is currently listed for sale with an asking price of $239,900. E 140th 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: Yes
Basement: Full
Cooling: None
Days on Market: 8
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $3,594 / year
Year Built: 1925

Amenities

Balcony

Feature Descriptions

Exterior: Brick
Laundry: Common Area
Lot: Flat, Level
Parcel#: 130-13-101
Parking: Paved
Patio/Porch: Balcony
Sewer: Public Sewer
Water: Public

Local Schools

School District: Cleveland Municipal - 1809

Demographics

Cuyahoga County Demographic Information for 3423 E 140th 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

$ 1,601.53 per month $1,232.06 Principal & Interest $299.50 Property Tax $69.97 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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