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$ 179,000
Est. payment /mo
Active Under Contract
1161 Norwood RD Cleveland, OH 44103
8 Beds
3 Baths
3,672 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $48
Subdivision Kilfoyl
MLS Listing ID 5185442
Bedrooms 8
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,458
Year Built 1895
Annual Tax Amount $968
Tax Year 2025
Contingent Appraisal,Inspections
Lot Size 4,691 Sqft
Acres 0.1077
Property Sub-Type Triplex
Property Description
Turnkey Cash-Flowing Investment – Section 8 Ready – Up to $3,500/Month Potential!
Fantastic investment or owner-occupant opportunity in Cleveland's growing 44103 neighborhood! This well-maintained multi-unit property at 1161 Norwood Rd is Section 8 ready and positioned to generate up to $3,000/month in rental income, making it an ideal addition to any portfolio or a perfect house-hack opportunity.
Major updates have already been completed, allowing for immediate rental potential with minimal upfront investment. Recent improvements include new flooring, fresh paint, and appliances in every unit, along with a washer and dryer hookup in the rear unit for added tenant convenience.
Big-ticket mechanical updates provide peace of mind with two new hot water tanks and a newer furnace, while exterior upgrades such as new gutters, a recently replaced garage roof, and updated porch columns and banisters enhance both curb appeal and long-term durability.
Located just minutes from downtown Cleveland, hospitals, universities, and major highways, this property offers strong rental demand and long-term appreciation potential.
Whether you're a seasoned investor looking for cash flow or a buyer seeking to live in one unit while renting the others, this property delivers immediate income with upside potential.
Turnkey. Cash-flowing. Section 8 ready. Don't miss this opportunity!
Fantastic investment or owner-occupant opportunity in Cleveland's growing 44103 neighborhood! This well-maintained multi-unit property at 1161 Norwood Rd is Section 8 ready and positioned to generate up to $3,000/month in rental income, making it an ideal addition to any portfolio or a perfect house-hack opportunity.
Major updates have already been completed, allowing for immediate rental potential with minimal upfront investment. Recent improvements include new flooring, fresh paint, and appliances in every unit, along with a washer and dryer hookup in the rear unit for added tenant convenience.
Big-ticket mechanical updates provide peace of mind with two new hot water tanks and a newer furnace, while exterior upgrades such as new gutters, a recently replaced garage roof, and updated porch columns and banisters enhance both curb appeal and long-term durability.
Located just minutes from downtown Cleveland, hospitals, universities, and major highways, this property offers strong rental demand and long-term appreciation potential.
Whether you're a seasoned investor looking for cash flow or a buyer seeking to live in one unit while renting the others, this property delivers immediate income with upside potential.
Turnkey. Cash-flowing. Section 8 ready. Don't miss this opportunity!
Location
State OH
County Cuyahoga
Rooms
Basement Full
Interior
Heating Radiator(s)
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt,Shingle
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 105-21-046
Listed by Janet Hayward • Keller Williams Greater Metropolitan • janet.hayward@kw.com, 216-647-8204
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