3040 E 126th Street
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$175,000

3040 E 126th Street
Cleveland, OH 44120
Listed by LaTanya C Jackson · EXP Realty, LLC.
Bedrooms
5
Bathrooms
3
Living area
2,250 sqft
Year built
1920

About this home

Attention investors! Don't miss this turnkey, income-producing two-family property generating $2,322 per month in rental income with both units currently occupied and being professionally managed. In 2024 this home was renovated with updated kitchens and bathrooms, interior paint, new carpet and new hot water tanks, offering a peace of mind and minimal maintenance for years to come. Downstairs unit has 2 beds and 1 bath. Up unit has 2 beds/1 bath and includes a finished 3rd floor with 1 bed and 1 full bath making this unit a 3/2. Whether you're looking to expand your portfolio or purchase your first investment property, this cash-flowing duplex is a fantastic opportunity with reliable rental income already in place. Start earning from day one!! Conveniently located near Shaker Square, parks, schools and restaurants.

Property details

MLS #
5228066
Property type
Duplex
Subdivision
Rice Heights
Status
Active
Days on market
33
On market date
July 16, 2026
Stories
3
Garage spaces
2
Lot size
0.1543 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
Intergenerational School The
0.81 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
236
Student:teacher ratio
14.8:1
District
Intergenerational School The
Middle
Woodbury Elementary School
1.11 mi away · Grades 4-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
651
Student:teacher ratio
13.9:1
District
Shaker Heights City
High
Shaker Hts High School
1.35 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,566
Student:teacher ratio
15.1:1
District
Shaker Heights City

Mortgage calculator

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Est. monthly payment
$1,204/mo
$35,000 down
$140,000 loan
Principal & interest$908
Property tax (est.)$146
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 8 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.