Sold246d on marketHistoric · 100 yrs
1240 E 137th St
East Cleveland, OH, 44112 • 44112 • Cuyahoga County
$75,000
$27/sqft
4Beds
1Baths
2,827Sqft
0.11 acLot
1926Built
Property DNA
Colonial Style
Built 1926 · 100 years of history
Market activity
Demand and pricing signals for this listing
1 views
People checking out this listing
246 days on market
Established listing
$27/sqft
Price per square foot
About this home
Multi Family · Built 1926 · Historic
Collect $2,373/month OR MORE on this 3-Unit Property in East Cleveland, OH! • Are you looking for real passive income? • Are you looking to multiply your returns in real estate? • Tired of competing over single family units? For less than the price of many Single Family Homes, you can have 3 income-producing units! PRICED TO MOVE QUICKLY: $40,000 Don’t miss out! This multifamily property offers multiple money-generating strategies: ? Pro forma cap rate after repairs 23.4% ? Cash on cash return 31.1% ? 5 year annual ROI 43.4% per year ? About 27k in repairs needed ? Great mix of three 2 bed/1 bath units ? Priced to MOVE ? Fully occupied ? Perfect small apartment starter ? Priced below market ? Even more possible value plays! This is an off-market deal. For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 213-344-5791 and a packet will be emailed within 10 minutes Option 2: Dial the voice box at 213-344-5791 and speak ONLY your name & email – a packet will be emailed within 10 minutes
Estimated monthly payment
Based on current rates
$489/month
Principal & Interest$389
Property Tax$75
Insurance$25
Down payment20% ($15,000)
3%50%
Est. 6.75% rate · 30yr fixed · $60,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1926
HeatingForced air
CoolingNone
Parking2 Parking spaces
Property
Home typeMulti Family
StyleColonial
Year built1926
Systems
HeatingForced air
CoolingNone
RoofAsphalt
Parking & Outdoor
ParkingGarage - Detached
BasementFinished
Lot4,800 sqft
Location & Tax
Neighborhood44112
Annual tax$652
Parcel67101142
Bathrooms & Fees
Full baths1
Features & details
4 categories of property features
Interior Features
Heating
Forced air
Cooling
None
Exterior Features
Exterior
Other
Parking
Garage - Detached
Listing insights
Market data and value estimates
StatusSold
Days on market246
Est. value$120,200
Est. rent$1,063/mo
Tax rate1.92%
Price/sqft$27
Last sold$75,000
Tour days6
Views1
How are the schools in East Cleveland?
3 schools rated nearby
Location
East Cleveland, OH, 44112
Price history
5 events
DateEventPrice$/sqftSource
Aug 4, 2025Sold$75,000$27Public Record
Dec 6, 2024Sold$10,000$4Public Record
Mar 24, 2021Listing Removed——Owner
Jan 30, 2017Listing Removed$40,000$14Owner
Oct 2, 2016Listed For Sale$40,000$14Owner
Sold$75,000
Aug 4, 2025•$27/sqft•Public Record
Sold$10,000
Dec 6, 2024•$4/sqft•Public Record
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$40,000
Jan 30, 2017•$14/sqft•Owner
Listed For Sale$40,000
Oct 2, 2016•$14/sqft•Owner
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2024$652$10,820
Apr 8, 2023$541$6,480
Apr 8, 2022$539$6,480
Apr 8, 2021$534$6,480
Apr 8, 2020$511$5,710
Apr 8, 2019$545$5,700
Apr 8, 2018$692$5,710
Apr 8, 2017$923$8,900
Apr 8, 2016$915$8,900
Apr 8, 2015$915$8,900
Apr 8, 2014$980$10,470
Apr 8, 2013$966$10,470
Apr 8, 2012$942$10,470
Apr 8, 2011$148$19,600
Apr 8, 2010$1,475$19,600
Apr 8, 2009$1,355$19,600
Apr 8, 2008$1,435$22,260
Apr 8, 2007$1,419$22,260
Apr 8, 2006$1,359$22,260
Apr 8, 2005$1,349$20,690
Apr 8, 2004$1,328$20,690
Apr 8, 2003$1,287$20,690
Apr 8, 2002$1,244$19,250
Apr 8, 2001$2,412$19,250
Apr 8, 2000$2,412$19,250
Nearby homes
Neighborhood details
Local context around this listing
East Cleveland, OH • Cuyahoga County
Nearby cities
ClevelandCleveland HeightsEuclidGarfield HeightsLakewoodNorth OlmstedNorth RoyaltonParma
Nearby zip codes
44112
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