11116 Lardet Avenue, Cleveland, OH 44104

• 3 beds |
• 2 baths |
• 3,398 sqft

Property Description

Investor opportunity in Cleveland with current rental income in place. Zoned single-family, but set up with 2 separate units and has been used that way for years. Both units are occupied by long-term tenants who would like to stay, offering immediate gross rent of $1,283 per month. Down unit includes 2 bedrooms and 1 full bath; up unit includes 1 bedroom and 1 full bath. Nearly 1,700 sq ft with a full unfinished basement, forced-air gas heat, driveway and rear parking area. The property is located just west of E. 116th with nearby access to shopping, parks, playgrounds, public transportation, and major roadways. Listed at an over 15% CAP rate based on current gross rent and list price. Public records identify the property as a single-family residence; current 2-unit setup is disclosed for buyer due diligence regarding permitted use, zoning, and rental compliance. Seller will consider all offers but prefers cash.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 3:17AM

Listing Office:

LPT Realty : 877-366-2213

Listing Agent:

Michael A Ferrante : 216-373-7727

MLS ID:

5205357

Interior

• Laundry: In Basement
• Basement: FullUnfinished
• A/C: None
• Heating: Forced AirGas
• Disability Feature: None

Exterior

• Parking: DrivewayNo Garage

Construction

• Roofing: AsphaltFiberglass
• General: Wood Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 128-24-039
• View: CityView
• Fencing: Other

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM