Duplex at 3114 Vega Avenue, Cleveland
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$285,000

3114 Vega Avenue
Cleveland, OH 44113
Listed by Journey Toole · Keller Williams Living
Bedrooms
5
Bathrooms
2
Living area
2,068 sqft
Year built
1890

About this home

Turnkey, fully occupied, and generating $3,200 per month in total Section 8 rental income, this 5-bedroom, 2-bath duplex in Tremont's highly desirable 44113 offers investors the rare combination of strong cash flow and a premium location. With tenants already in place, the next owner can step into an income-producing property from day one. The home has seen numerous improvements, including vinyl windows, updated cabinetry, renovated bathrooms, select mechanical upgrades, and additional updates throughout, helping make this a solid, low-maintenance addition to any rental portfolio. The location is where this investment really stands out. Situated in the Tremont area, the property is surrounded by some of Cleveland's most popular restaurants, coffee shops, bars, and neighborhood amenities while being just minutes from Ohio City, Downtown Cleveland, Clark-Fulton, MetroHealth, and other major employment centers. Tremont and the surrounding west-side neighborhoods continue to see new construction, renovations, and ongoing investment, making this an area that attracts both tenants and buyers looking to be close to everything Cleveland has to offer. For an investor, this property offers the best of both worlds: established income today with long-term appreciation potential in one of Cleveland's most recognized neighborhoods. With $3,200 in monthly voucher-backed rent already in place, a desirable unit mix, quality updates, and a location close to major hospitals, entertainment, dining, and downtown, much of the heavy lifting has already been done. Whether you're expanding an existing portfolio or looking for a stabilized multifamily property in a strong location, this is an opportunity worth a closer look.

Property details

MLS
NOWDD
MLS #
5250599
Property type
Duplex
Subdivision
Hiram Stones Add
Status
Active
Days on market
N/A
On market date
October 6, 2026
Stories
2
Total bathrooms
2
Garage spaces
2
Parking spaces
N/A
Lot size
0.1212 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Walton School
0.3 mi away · Grades -1-8
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
207
Student:teacher ratio
12.9:1
District
Cleveland Municipal
MiddleCharter
Constellation Schools: Stockyard Community Middle
1.5 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
74
Student:teacher ratio
37.0:1
District
Constellation Schools: Stockyard Community Middle
HighCharter
Frederick Douglass High School
0.49 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
162
Student:teacher ratio
32.4:1
District
Frederick Douglass High School

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

92
Highly walkable
out of 100
EPA National Walkability Index
17.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies8

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 0 days -- 50 fewer days than Cleveland's current average of 50 days.
For reference, the median list price across 2,393 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,866/mo
$57,000 down
$228,000 loan
Principal & interest$1,479
Property tax (est.)$238
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 10 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.