3241 E 116th Street

Cleveland, OH
$ 149,999 Beds 5 Baths 1 Sq 1,344 Virtual Tour
Monthly Estimate* How much can I afford?

Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living. The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel. From an investment standpoint, the property is positioned to provide immediate cash flow. A tenant is scheduled to move in on September 9, 2026 under a one-year lease at $1,700 per month, allowing the new owner to benefit from established rental income. Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital – Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities. The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and incoming tenant already secured, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value! No wholesalers, seller financing, or low-ball offers.

Active

  • Price
  • $ 149,999
  • City
  • Cleveland
  • Bedrooms
  • 5
  • Full Bathrooms
  • 1
  • County
  • Cuyahoga
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.1286 Acres
  • Zip
  • 44120
  • Sqr Footage
  • 1,344
  • Year Built
  • 1918
  • Taxes
  • $ 850
  • Style
  • MLS#
  • 5241788
Listed By: RE/MAX Haven Realty
Data Source: MLSNow

Features

General

Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Delivery Of Deed
Roof Asphalt,Shingle
Patio/Porch Features Covered
Architectural Style Colonial
Construction Materials Aluminum Siding,Vinyl Siding
Year Built 1918
Stories Count 2
Township Cleveland
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Cuyahoga
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Johnson Farms
Garage Y/N false
Total Rooms 7
Full Baths 1
Status Active
Directions Off E 116th St, between Ely Ave and Luke Ave
ModificationTimestamp 2026-09-03T18:51:11.340-00:00
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Lot Size Units Acres
Carport Y/N false
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 850.22
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Single Family Residence
PostalCity CLEVELAND
Legal Description 444 JOHNSON S/L 73SP 0072 NP

Interior Features

Basement Full
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Above Grade Finished Area 1344
Laundry Features In Basement
Total Bedrooms 5
Main Level Bedrooms 2
Above Grade Finished Area Source Assessor
Total Baths 1

Exterior Features

Parking Features Driveway
Water Source Public
Lot Size Area 0.1286
Lot Size Acres 0.1286
Lot Size Source Assessor
Waterfront Y/N false

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Youngstown, OH office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/2/2026 Listed $149,999

Property vs Zip Code Average in 44120

Price
AVG $210K
$150K
Taxes
AVG $4,649
$850
Year Built
AVG 1933
1918

Areas That We Cover

3241 E 116th Street Cleveland, OH is a Single Family Home for sale at $149999 with 1344 sqft and a lot size of 0.1286 Acres Acre(s). 3241 E 116th Street Cleveland has 5 bedrooms, 1 baths and was built in 1918. The property's zip code is 44120 which is in Cleveland, OH

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.