e-Merge Real Estate Unlimited Polaris - e-Merge Real Estate Logo
$148,000
 $985 est/mo Sourced by Back At You

505 E 149th Street,Cleveland, OH 44110

Cleveland, OH 44110

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Description

Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.

Details

MLS #5240042
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1921
Days On Site41
Listing Provided ByPremier Heights Realty LLC | Jullian Vaughn

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet2,054
BasementY
Building(s)1
Acreage0.11

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, Off Street, On Street

Taxes

Tax Annual Amount1272

Area Information

StateOH
CountyCuyahoga
CityCleveland
Zip Code44110
Community NameLake Shore Blvd Sub/J Lar
Listing VS Median (in Lake Shore Blvd Sub/J Lar)
Price:
$148,000
low | high
Med:
$148,000
50% of Average
sqft:
2,054
low | high
Med:
2,054
50% of Average
$ / sqft:
$72
low | high
Med:
$72
50% of Average
On site:
41
low | high
Med:
41
100% of Average
Sourced by Back At You

Market Activity 44110

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The information is being provided by MLS Now Independence OH. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS Now Independence OH. All Rights Reserved.

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e-Merge Real Estate Unlimited Polaris

e-Merge Real Estate Unlimited Polaris

 (800) 644-6637eunlimited@e-merge.com
StateOH
CountyCuyahoga
CityCleveland
Zip Code44110
Community NameLake Shore Blvd Sub/J Lar
Listing VS Median (in Lake Shore Blvd Sub/J Lar)
Price:
$148,000
low | high
Med:
$148,000
50% of Average
sqft:
2,054
low | high
Med:
2,054
50% of Average
$ / sqft:
$72
low | high
Med:
$72
50% of Average
On site:
41
low | high
Med:
41
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $111K - $185K
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
15002 Upton Avenue Property Photo 1
$145,000
15002 Upton Avenue
Cleveland, OH 44110
477 E 148th Street Property Photo 1
$135,000
477 E 148th Street
Cleveland, OH 44110
Listing Updated: September 28, 2026 at 5:48:49 PM PDT

e-Merge Real Estate Unlimited Polaris - e-Merge Real Estate

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