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

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$1,500,000
15 Days On Site

3296 - 3300 E 149th Street
Cleveland, OH 44120

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
16,986
SqFt
$88
/SqFt
1923
Built
Subdivision:
Palmer & Boyers Allotment
County:
Cuyahoga

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3296 - 3300 E 149th Street3296 - 3300 E 149th Street3296 - 3300 E 149th Street3296 - 3300 E 149th Street
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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.

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Listing Snapshot
Price 
$1,500,000
Days On Site 
15 Days
Bedrooms 
N/A
Inside Area (SqFt) 
16,986 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.36 Acres
Year Built 
1923
MLS® Number 
5113643
Status 
Active
Property Tax 
$1,652
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.36
Additional Property Use 
Residential
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
16986
Water Source 
Public
Interior Features
Heating 
Hot WaterSteam
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Community Features
Financing Terms Available 
CashConventionalFHA
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Violetta Varenkova of IIP Management, LLC.



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2025 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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