3438 E 140th St Cleveland, OH 44120
Mount Pleasant NeighborhoodEstimated payment $1,915/month
Total Views
17,434
8
Beds
4
Baths
6,219
Sq Ft
$48
Price per Sq Ft
Highlights
- Very Popular Property
- 4 Car Detached Garage
- Forced Air Heating System
- City Lights View
- Landscaped
- Ceiling Fan
About This Home
Excellent investment opportunity at 3438 E 140th St in Cleveland! This solid brick four-unit property offers strong cash flow potential with three occupied units and one vacant unit ready for lease or owner occupancy. Each spacious unit features 2 bedrooms, 1 full bath, and approximately 800 square feet with practical layouts that attract long-term tenants. Current gross monthly income is $2,340 with additional upside by leasing the vacant unit at market rent, creating immediate value-add potential for investors. Tenants pay gas and electric, while the owner covers water, sewer, taxes, snow removal, and repairs. Built in 1924 and updated/remodeled over time, this well-maintained quadruplex offers over 6,200 total square feet, including more than 4,100 above grade plus a full unfinished basement. The basement provides common laundry area access with electric dryer hookup and washer hookups. Property features include forced air heating, ceiling fans, energy-efficient lighting and windows, and efficient hot water distribution. Appliances include ranges, refrigerators, smoke detectors, and CO detectors in units. Situated on a level 0.14-acre lot in the Rapid Transit Land Cos Shaker subdivision, the property offers a detached 4-car garage, and additional driveway parking, a major bonus for tenant retention. Brick exterior construction and asphalt shingle roof contribute to long-term durability and lower exterior maintenance. Public water and sewer services are in place. Conveniently located with access to Kinsman Road, public transportation, shopping, schools, and major highways, this property sits within the Cleveland Municipal School District and remains attractive to renters seeking accessibility and value. With solid rental history, strong occupancy, and opportunity to increase rents over time, this income-producing asset presents an excellent addition to any portfolio. This property offers stability, income, and long-term appreciation potential.
Listing Agent
RE/MAX Transitions Brokerage Email: TheTayeGroup@gmail.com, 440-454-2456 License #2024005848 Listed on: 03/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,595
Year Built
- Built in 1924 | Remodeled
Lot Details
- 6,090 Sq Ft Lot
- Landscaped
- Level Lot
- Cleared Lot
- Front Yard
Parking
- 4 Car Detached Garage
- Driveway
Property Views
- City Lights
- Neighborhood
Home Design
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
- Laundry in Basement
- Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Windows
- Energy-Efficient HVAC
- Energy-Efficient Lighting
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Rapid Transit Land Cos Shaker Subdivision
Listing and Financial Details
- Home warranty included in the sale of the property
- The owner pays for repairs, snow removal, sewer, taxes, water
- Assessor Parcel Number 130-12-056
Map
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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 | $3,609 | $34,825 | $3,185 | $31,640 |
| 2024 | $3,595 | $34,825 | $3,185 | $31,640 |
| 2023 | $3,635 | $36,400 | $3,570 | $32,830 |
| 2022 | $3,630 | $36,400 | $3,570 | $32,830 |
| 2021 | $3,641 | $36,400 | $3,570 | $32,830 |
| 2020 | $2,177 | $20,930 | $3,190 | $17,750 |
| 2019 | $2,049 | $59,800 | $9,100 | $50,700 |
| 2018 | $1,914 | $20,930 | $3,190 | $17,750 |
| 2017 | $1,824 | $17,960 | $4,480 | $13,480 |
| 2016 | $1,825 | $17,960 | $4,480 | $13,480 |
| 2015 | $2,163 | $17,960 | $4,480 | $13,480 |
| 2014 | $2,163 | $21,390 | $5,320 | $16,070 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | For Sale | $299,900 | +33.9% | $48 / Sq Ft | |
| 08/04/2023 08/04/23 | Sold | $224,000 | -0.4% | $54 / Sq Ft | View Prior Sale |
| 07/08/2023 07/08/23 | Pending | -- | -- | -- | |
| 07/05/2023 07/05/23 | For Sale | $224,900 | 0.0% | $54 / Sq Ft | |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- | |
| 06/16/2023 06/16/23 | For Sale | $224,900 | +116.3% | $54 / Sq Ft | |
| 10/27/2020 10/27/20 | Sold | $104,000 | 0.0% | $17 / Sq Ft | View Prior Sale |
| 09/23/2020 09/23/20 | Off Market | $104,000 | -- | -- | |
| 09/23/2020 09/23/20 | Pending | -- | -- | -- | |
| 09/08/2020 09/08/20 | For Sale | $110,000 | +947.6% | $18 / Sq Ft | |
| 08/09/2012 08/09/12 | Sold | $10,500 | 0.0% | $3 / Sq Ft | View Prior Sale |
| 08/01/2012 08/01/12 | Pending | -- | -- | -- | |
| 06/06/2012 06/06/12 | For Sale | $10,500 | -- | $3 / Sq Ft |
Source: MLS Now
About the Listing Agent
My name is Majdey Taye, I am a Realtor, a Broker and a Loan Officer. I sell Homes in Lorain County, Cuyahoga County and All Surrounding cities. I've Sold over 800 Homes in my career. I have Hundreds of Reviews across multiple online sources such as google, Zillow and Realtor.com among others. I am the #1 Realtor in Ohio and have multiple recognitions such as a luxury realtor and top 1% in the Nation. my Cell number is 440-454-2456, my email is TheTayeGroup@gmail.com. The link to my
Majdey's Other Listings
Source: MLS Now
MLS Number: 5189373
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