$40,000

1238 E 145th Street, East Cleveland, OH 44112

  • 4 beds |
  • 2 baths |
  • 1,992 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1916
  • Property Lot Size Icon3,886sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $20/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Major value-add duplex opportunity in East Cleveland featuring two 2-bedroom, 1-bath units, each offering a traditional layout with living room, dining room, and kitchen. The property has sustained significant water damage due to burst pipes and requires a full renovation. This is a substantial project suited for experienced investors prepared to complete a comprehensive rehab. Once restored, renovated duplexes in the area are supporting values of $150,000 or more. Estimated renovation costs are approximately $80,000, presenting an opportunity to create equity through improvements. For investors evaluating long-term rental strategy, current CMHA payment standards for two-bedroom units in the 44112 zip code are approximately $1,050 per unit per month. Upon full rehabilitation and approval for occupancy, the property has the potential to generate gross annual rental income exceeding $25,000 based on two units. The property is being sold as-is. Due to the condition of the home, liability waivers will be required prior to entry. Cash or renovation financing only. Seller will not permit assignment of the contract. Serious, qualified investors encouraged to inquire.

Listing Status:
Pending
Data Last Updated:
April 4, 2026 at 8:19PM
Listing Office:
Keller Williams Citywide : 440-892-2211
Listing Agent:
Megan Gordon : 216-392-8075
MLS ID:
5190350
  • Basement: Common Basement
  • A/C: None
  • Heating: Forced Air
  • Parking: Other
  • Roofing: Asbestos Shingle
  • General: Wood Siding2Block
  • Originating MLS: NOWDD_NORM
  • School District: East Cleveland CSD - 1812
  • County: Cuyahoga
  • Zoning: 3 WOODWORTH RD 0076 ALL671-16-057
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Megan Gordon , Keller Williams Citywide

Monthly Payment

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

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Location

Schools Nearby

M

Mayfair Elementary School

13916 Mayfair Ave, Cleveland, OH, 44112

Grades 3-5

0.78 miles away

W

W.H. Kirk Middle School

14410 Terrace Rd, Cleveland, OH, 44112

Grades 6-8

1.11 miles away

S

Shaw High School

15320 Euclid Ave, Cleveland, OH, 44112

Grades 9-12

0.64 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.

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