3568 E 118th St Cleveland, OH 44105
Union-Miles Park NeighborhoodEstimated payment $645/month
Highlights
- Medical Services
- 2 Car Detached Garage
- Built-In Features
- Balcony
- Eat-In Kitchen
- Community Playground
About This Home
Investor-friendly buy & hold opportunity at 3568 E 118th St, Cleveland, OH 44105. This 4-bedroom, 2-bath, 2,200 SQFT duplex is tenant-occupied (month-to-month) and offers light rehab potential with an estimated $12–18K needed post-vacancy. Built in 1920, the property features separate furnaces (no central AC), 2 newer water heaters, and no major plumbing or electrical issues reported. With an ARV of $135,000, providing ~$35000 in built-in equity. Current rent is $650/month downstairs, with market rent projected at $1,150–$1,250/month, offering an estimated cash flow of $300–$400/month/ unit and a 15–20% cash-on-cash return. Light cosmetic updates and turnover work will position this property for long-term rental success in the 44105 market.
Listing Agent
Berkshire Hathaway HomeServices Stouffer Realty Brokerage Email: dreid@stoufferrealty.com, 216-387-0757 License #360463 Listed on: 02/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,636
Year Built
- Built in 1920
Lot Details
- 5,001 Sq Ft Lot
- East Facing Home
- Level Lot
Parking
- 2 Car Detached Garage
- Front Facing Garage
- Off-Street Parking
Home Design
- Frame Construction
- Slate Roof
Interior Spaces
- 2,200 Sq Ft Home
- 3-Story Property
- Built-In Features
- Ceiling Fan
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Balcony
- City Lot
Listing and Financial Details
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 137-01-061
Community Details
Overview
- Union Rice Subdivision
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Community Playground
- Park
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 |
|---|---|---|---|---|
| 2024 | $1,636 | $24,465 | $3,570 | $20,895 |
| 2023 | $1,333 | $17,190 | $2,490 | $14,700 |
| 2022 | $1,679 | $17,190 | $2,490 | $14,700 |
| 2021 | $2,366 | $17,190 | $2,490 | $14,700 |
| 2020 | $1,308 | $14,810 | $2,140 | $12,670 |
| 2019 | $1,212 | $42,300 | $6,100 | $36,200 |
| 2018 | $1,502 | $14,810 | $2,140 | $12,670 |
| 2017 | $1,199 | $14,180 | $2,030 | $12,150 |
| 2016 | $1,190 | $14,180 | $2,030 | $12,150 |
| 2015 | $1,194 | $14,180 | $2,030 | $12,150 |
| 2014 | $1,194 | $14,180 | $2,030 | $12,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2026 02/20/26 | For Sale | $99,000 | -- | $45 / Sq Ft |
Source: MLS Now
MLS Number: 5187749
APN: 137-01-061
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