$1,300,000/mo

3296-3300 E 149th Street, Cleveland, OH 44120

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1923
0.36acre lot
—— car garage
$——/sqft
Listed 5 months ago

Property Description

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwest's most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

Listing Status:: Active
Data Last Updated:: April 4, 2026 at 3:19PM
Listing Office:: IIP Management, LLC. : 216-503-6300
Listing Agent:: Violetta Varenkova : 216-503-6300
MLS ID:: 5165970

Basement: Common BasementFinished
A/C: None
Heating: Hot WaterSteam

Parking: No GaragePavedParking Lot

Roofing: CompositionFlat
General: 3

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

Zoning: 41 P&B S/L 82 NP 0081 SP ; 41 P&B S/L 83 ALL 0082 SP130-18-121
Current Use: ResidentialSingle Family

Water: Public
Sewer: Public Sewer

Source: NOWDD_NORM

This listing courtesy of Violetta Varenkova , IIP Management, LLC.

Location

Schools Nearby

Andrew J. Rickoff School

3500 E 147th St, Cleveland, OH, 44120

Grades PK-8

0.46 miles away

Andrew J. Rickoff School

3500 E 147th St, Cleveland, OH, 44120

Grades PK-8

0.46 miles away

John Adams College and Career Academy

3817 Martin Luther King Jr Dr, Cleveland, OH, 44105

Grades 9-12

1.64 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.