2997 E 130th Street
Cleveland, OH 44120
- 8 beds
- 3 baths
- 2,700 sqft
- $55 per sqft
- 1918 build
- – on site
Welcome to 2997 E 130th Street in Cleveland, OH 44120—a fully renovated triplex located just a stone’s throw from the revitalized Shaker Square Shopping Center. This vibrant area has seen significant investment in recent years and offers a wide variety of amenities including a movie theater, grocery store, veterinarian office, popular restaurants, and more—making it an ideal location for tenants or homeowners alike. This solid brick property features three updated units: the first and second floors each offer 3 bedrooms and 1 bathroom, while the third-floor unit includes 2 bedrooms and 1 bathroom. Every unit has been thoughtfully renovated from top to bottom, featuring fresh paint, new flooring, brand-new kitchens with modern finishes, and fully updated bathrooms. Major systems have also been addressed, with all-new plumbing and electrical. Additionally, new furnaces and hot water tanks will be installed prior to closing, offering added peace of mind. From an investment perspective, this property is a cash-flow powerhouse. Based on the 2025 CMHA payment standards—$1,468 for 3-bedroom units and $1,129 for 2-bedroom units—this triplex has the potential to generate $4,065 per month in rental income. At a $150,000 purchase price, that equates to a 2.7% monthly return and significantly exceeds the traditional 1% rule, making it an exceptional opportunity for savvy investors. Whether you're looking for a turnkey rental property or an owner-occupant strategy like house hacking, this triplex checks all the boxes. Don’t miss out—contact your favorite realtor today to schedule a private showing. This one won’t last long!
Last checked:
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Checking…
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Last updated Apr 20, 2025
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MLS# 5115997 —
The Building
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Year Built:1918
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Year Built Source:PublicRecords
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Construction Materials:Frame
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Levels:ThreeOrMore
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Roof:Asphalt,Fiberglass
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Basement:Full
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Basement:true
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# of Buildings:1
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Above Grade Finished Area:2700.0
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Above Grade Finished Area Source:Estimated
Interior
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Rooms Total:10
Room Dimensions
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Living Area:2700.0
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Living Area Units:SquareFeet
Location
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Directions:From Heinens Grocery Store: Head west on Kinsman, make a right on E 130.
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Latitude:41.477217
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Longitude:-81.591534
The Property
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Parcel Number:129-25-025
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Property Condition:UpdatedRemodeled
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Lot Size Acres:0.1579
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Lot Size Area:0.1579
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 387-7220
- Office phone:
- (216) 252-6580
Taxes
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Tax Year:2023
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Tax Legal Description:437 RICEHTS#2 0569 ALL
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Tax Annual Amount:$877
Beds
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Bedrooms Total:8
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Home Warranty:false
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/2997-E-130th-Street-Cleveland-OH-44120/unbranded
Heating & Cooling
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Heating:ForcedAir,Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Cleveland Municipal - 1809
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Middle School District:Cleveland Municipal - 1809
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High School District:Cleveland Municipal - 1809
The Community
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Subdivision Name:Ricehts
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/19/25
Apr 19, 2025
|
Listed / Active | MLS_NOW | $150,000 | 220.4% |
|
5/17/24
May 17, 2024
|
Sold | Public Record | $46,810 |
