$312,000

3141 Kensington Road, Cleveland Heights, OH 44118

  • 5 beds |
  • 2 baths |
  • 2,855 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon4,400sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Steps from the Cedar Lee corridor — one of Cleveland Heights' most walkable and sought-after neighborhoods, with restaurants, boutiques, and transit all within easy reach. This 3-unit property has immediate income in place with room to grow. Unit 1 (occupied | $1,250 + $25 pet fee): Recently renovated, oversized private patio. Comparable units in the area support $1,300/mo. Tenant on one year lease.Unit 2 (vacant — move-in ready): Recently renovated, Identical layout and finishes to Unit 1, same oversized patio. An owner-occupant living here would have the other two units covering housing costs entirely. Can also be leased at $1,300/mo from day one.Unit 3 (occupied | $575): Studio unit, currently below area comps. Similar studios nearby support $750+/mo. Month to month tenant.At full occupancy with upside rents, gross monthly income exceeds $3,350. Roof recently updated. Brand new garage. Solid bones, strong location, and value-add upside already in place. A POS estimated around 3k will be passed on to the buyer. A compelling addition to any portfolio, or a nice way to reduce housing costs by living in one unit.

Listing Status:
Active
Data Last Updated:
April 1, 2026 at 9:20PM
Listing Office:
Beycome Brokerage Realty LLC : 804-656-5007
Listing Agent:
Steven Koleno : 804-656-5007
MLS ID:
5196748
  • A/C: Wall Unit(s)
  • Heating: Forced Air
  • Parking: DrivewayDetachedGarage
  • Roofing: AsphaltFiberglass
  • General: Frame3
  • Originating MLS: NOWDD_NORM
  • School District: Cleveland Hts-Univer - 1810
  • County: Cuyahoga
  • Zoning: 2 MEADBRK#2 0383 ALL686-14-034
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Steven Koleno , Beycome Brokerage Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Fairfax Elementary School

3150 Fairfax Rd, Cleveland, OH, 44118

Grades KG-5

0.39 miles away

R

Roxboro Middle School

2400 Roxboro Rd, Cleveland, OH, 44106

Grades 6-8

1.21 miles away

C

Cleveland Heights High School

13263 Cedar Rd, Cleveland Heights, OH, 44118

Grades 9-12

0.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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