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Glasshouse Marketing

Glasshouse Realty Group

marketing@glasshouserealty.com +1(937) 949-0006

$ 115,000

Est. payment | -/mo

4 Beds

2 Baths

2,448 SqFt

Save

$ 115,000

Est. payment | -/mo

Save

4 Beds

2 Baths

2,448 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,448 sqft

Price per Sqft $46

Subdivision Harvey Rice Jrs

MLS Listing ID 5250126

Bedrooms 4

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 1,632

Year Built 1920

Annual Tax Amount $1,160

Tax Year 2025

Lot Size 8,298 Sqft

Acres 0.1905

Property Sub-Type Duplex

Property Description

Investor Opportunity – Cleveland Duplex with Value-Add Potential! Bring your vision to 2897 E. 111th St., a two-family property offering two separate units, each featuring 2 bedrooms and 1 full bathroom. Whether you're looking to renovate and hold as a rental or add another multifamily property to your portfolio, this duplex offers plenty of potential. Some improvements have already been started, including newer electrical panel boxes, one newer furnace, and one newer hot water tank. The property does have known electrical issues and will require additional electrical work, giving the next owner the opportunity to complete the improvements and maximize the property's potential. Conveniently located on Cleveland's east side with access to major employment, medical, and educational hubs, including the Cleveland Clinic and University Circle area. The nearby Opportunity Corridor provides improved connectivity between the east side, I-490, and University Circle, an area that continues to see public and private investment and redevelopment. With two rentable units and an affordable entry point into Cleveland's multifamily market, this could be an excellent opportunity for an investor looking for a renovation project with future income-producing potential. Property is being sold in its current condition. Buyer to perform their own due diligence regarding property condition, electrical system, repairs, rental potential, and projected income.

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Range, Refrigerator

Exterior

Exterior Feature Balcony

Parking Features Driveway

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Balcony

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Cleveland Municipal - 1809

Others

Tax ID 128-28-065

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW

Listed by Feliz A Colon • Keller Williams Living • felizcolon@kw.com, 216-355-1585

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

2897 E 111th ST Cleveland, OH 44104