USAOHClevelandShaker View3362 E 145Th St
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$250,000

For Sale

12 hours ago

3362 E 145Th St, Cleveland, OH

Condo

MLS® 5239734

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage 
HOA Fees 
Taxes $3,468
Days Active 0
Approx. Age 1925
MLS® Number 5239734

Property Address: 3362 E 145th St, Cleveland, OH, 44120-4105

Average square foot calculated using Size range provided by listing agent.

Description

Five-door brick multifamily on Cleveland's east side at just $50, 000 a unit. Four of the five are occupied and paying $3, 675 a month, $44, 100 annualized, putting you at a 9.6% cap on day-one income at the $250, 000 ask. The path to 14% is already mapped and it runs through one door. That fifth unit is vacant and waiting for the right operator. Set aside roughly $50, 000 for a full unit turn plus exterior cleanup, a rear retaining wall, brickwork, a basement support beam, and general repairs, and you have a squared-away five-door with real income and a building that finally looks the part. On $117, 500 of total equity, cash to close plus that capital budget, pro forma cash-on-cash comes in near 18%. The expensive systems are already handled. Newer gas furnaces and dual Rheem water heaters were confirmed on the walkthrough, so your capital goes to cosmetics and structure rather than mechanicals. Unit mix is a 3/1, three 2/1s, and a 1/1, family-sized layouts that hold rent far better than a building full of studios. Location works in your favor. The 44120 corridor sits inside CMHA's Housing Choice Voucher market area, where rental demand runs deep and payments land on time. Priced for the work it needs, which is precisely where the money is.
MLS® Number5239734
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1925
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Gas
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 26, 2026List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
3362 E 145Th St, Cleveland, OH

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