$176,000
SOLD JUN 16, 2025

2997 E 130th St Cleveland, OH 44120

Buckeye-Shaker Neighborhood
8 Beds
3 Baths
2,700 Sq Ft
6,878 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

17% Above List Price

4 Days on Market

About This Home

As of June 2025

Welcome to 2997 E 130th Street in Cleveland, OH 44120—a fully renovated triplex located just a stone’s throw from the revitalized Shaker Square Shopping Center. This vibrant area has seen significant investment in recent years and offers a wide variety of amenities including a movie theater, grocery store, veterinarian office, popular restaurants, and more—making it an ideal location for tenants or homeowners alike.

This solid brick property features three updated units: the first and second floors each offer 3 bedrooms and 1 bathroom, while the third-floor unit includes 2 bedrooms and 1 bathroom. Every unit has been thoughtfully renovated from top to bottom, featuring fresh paint, new flooring, brand-new kitchens with modern finishes, and fully updated bathrooms. Major systems have also been addressed, with all-new plumbing and electrical. Additionally, new furnaces and hot water tanks will be installed prior to closing, offering added peace of mind.

From an investment perspective, this property is a cash-flow powerhouse. Based on the 2025 CMHA payment standards—$1,468 for 3-bedroom units and $1,129 for 2-bedroom units—this triplex has the potential to generate $4,065 per month in rental income. At a $150,000 purchase price, that equates to a 2.7% monthly return and significantly exceeds the traditional 1% rule, making it an exceptional opportunity for savvy investors.

Whether you're looking for a turnkey rental property or an owner-occupant strategy like house hacking, this triplex checks all the boxes. Don’t miss out—contact your favorite realtor today to schedule a private showing. This one won’t last long!

Last Agent to Sell the Property

Keyano Burgess

Lokal Real Estate, LLC. Brokerage Email: 216-252-6580 marketing@lokalrealestate.com License #2022000189 Listed on: 04/19/2025

Last Buyer's Agent

Amanda Mercier

RE/MAX Edge Realty License #2019006637

RE/MAX Edge Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $877

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 6,878 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Frame Construction
  • Fiberglass Roof
  • Asphalt Roof

Interior Spaces

  • 2,700 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Ricehts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 129-25-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$877

Year Built

Built in 1918 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1918
  • Attribution Contact: 216-252-6580 marketing@lokalrealestate.com
  • Subdivision Name: Ricehts
  • Above Grade Finished Sq Ft: 2700.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Reso Property Condition: Updated/Remodeled
  • Tax Year: 2023
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1579
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Frame

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 129-25-025

Tax Info

  • Tax Annual Amount: 877.0

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 For Sale $229,900 +30.6% $85 / Sq Ft
06/16/2025 06/16/25 Sold $176,000 +17.3% $65 / Sq Ft
04/23/2025 04/23/25 Pending -- -- --
04/19/2025 04/19/25 For Sale $150,000 -- $56 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angelina Grujic

    Seller's Agent in 2025

    Angelina Grujic

    Coldwell Banker Schmidt Realty

    (440) 915-8101

    26 Total Sales

    Angelina Grujic
    Section Image
  • Keyano Burgess

    Seller's Agent in 2025

    Keyano Burgess

    Lokal Real Estate, LLC.

    (216) 387-7220

    3 in this area

    97 Total Sales

    Keyano Burgess
    Section Image
  • Vedrana Bozic

    Seller Co-Listing Agent in 2025

    Vedrana Bozic

    Coldwell Banker Schmidt Realty

    (440) 876-3023

    23 Total Sales

    Vedrana Bozic
    Section Image
  • Amanda Mercier

    Buyer's Agent in 2025

    Amanda Mercier

    RE/MAX

    (330) 605-5143

    1 in this area

    260 Total Sales

    Amanda Mercier
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5115997

MLS Now

APN: 129-25-025

Ohio Cuyahoga County Cleveland 44120 Buckeye-Shaker

2997 E 130th St, Cleveland, OH

Sold

MultiFamily

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