2829 E 116th St Cleveland, OH 44120
Buckeye-Shaker NeighborhoodEstimated payment $1,912/month
Highlights
- Forced Air Heating System
- 5-minute walk to East 116
- 3-minute walk to Buckeye Community Park
About This Home
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.
Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2017004453 Listed on: 04/14/2026
Co-Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2020001184
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,312
Year Built
- Built in 1920
Lot Details
- 4,800 Sq Ft Lot
Parking
- Driveway
Home Design
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- The owner pays for electricity, water
- Assessor Parcel Number 129-14-013
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,320 | $51,345 | $1,925 | $49,420 |
| 2024 | $5,300 | $51,345 | $1,925 | $49,420 |
| 2023 | $1,950 | $19,530 | $2,170 | $17,360 |
| 2022 | $1,948 | $19,530 | $2,170 | $17,360 |
| 2021 | $1,954 | $19,530 | $2,170 | $17,360 |
| 2020 | $1,813 | $17,430 | $1,930 | $15,510 |
| 2019 | $1,707 | $49,800 | $5,500 | $44,300 |
| 2018 | $1,679 | $17,430 | $1,930 | $15,510 |
| 2017 | $1,700 | $16,870 | $2,100 | $14,770 |
| 2016 | $1,701 | $16,870 | $2,100 | $14,770 |
| 2015 | $2,016 | $16,870 | $2,100 | $14,770 |
| 2014 | $2,016 | $20,090 | $2,520 | $17,570 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $279,000 | +29.8% | -- | |
| 05/11/2023 05/11/23 | Sold | $215,000 | +2.4% | $262 / Sq Ft | View Prior Sale |
| 03/24/2023 03/24/23 | Pending | -- | -- | -- | |
| 03/23/2023 03/23/23 | For Sale | $209,900 | -2.4% | $256 / Sq Ft | |
| 03/12/2023 03/12/23 | Off Market | $215,000 | -- | -- |
Source: MLS Now
MLS Number: 5201392
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