Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1924
Sq.Footage
6,219
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.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
4146.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None, Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Construction Materials
Brick
-
Parking
Driveway, Detached, Garage
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
-
View
City Lights, City, Neighborhood
Area & Lot
-
Lot Features
Cleared, Front Yard, Landscaped, Level
-
Lot Size(acres)
0.1398
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$299,900
-
Tax Amount
$3,595
-
Sq. Footage
6, 219
-
Price/SqFt
$48
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Majdey Taye , RE/MAX Transitions
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