3438 E 140th ST, Cleveland, OH 44120
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3438 E 140th ST, Cleveland, OH 44120
3438 E 140th ST, Cleveland, OH 44120
3438 E 140th ST, Cleveland, OH 44120
3438 E 140th ST, Cleveland, OH 44120
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Kathryn Schenk

Kathryn Schenk

+1(440) 360-9563
$ 299,900
Est. payment /mo
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Active

3438 E 140th ST Cleveland, OH 44120

8 Beds

4 Baths

6,219 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,219 sqft

Price per Sqft $48

Subdivision Rapid Transit Land Cos Shaker

MLS Listing ID 5189373

Bedrooms 8

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 4,146

Year Built 1924

Annual Tax Amount $3,595

Tax Year 2024

Lot Size 6,089 Sqft

Acres 0.1398

Property Sub-Type Quadruplex

Property Description

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.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air, Gas

Cooling Ceiling Fan(s), None

Fireplace No

Appliance Range, Refrigerator

Laundry Common Area, Washer Hookup, Electric Dryer Hookup, In Basement

Exterior

Parking Features Driveway, Detached, Garage

Garage Spaces 4.0

Garage Description 4.0

Fence None

Pool None

Community Features None

View Y/N Yes

Water Access Desc Public

View City Lights, City, Neighborhood

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description < 1/2 Acre, Cleared, Flat, Front Yard, Landscaped, Level

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 130-12-056

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Majdey Taye • RE/MAX Transitions • TheTayeGroup@gmail.com, 440-454-2456

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Kathryn Schenk

+1(440) 360-9563

katie@properly-properties.com

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3438 E 140th ST