INNOVATE Real Estate
Triplex at 3038 E 116th Street, Cleveland
Triplex at 3038 E 116th Street, Cleveland, photo 2 of 14
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14 photos

$190,000

3038 E 116th Street
Cleveland, OH 44120
Listed by Midge Maguire · Keller Williams Greater Metropolitan
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1914

About this home

Turnkey triplex with excellent income potential! Features brand-new vinyl siding, newer roof, updated mechanicals, new vinyl plank flooring, fresh interior paint, and rent-ready units. The front down 2-bedroom unit is leased for $1,246/month with 100% CMHA. The vacant rear 1-bedroom unit has an RFTA submitted and is awaiting a rent offer, while the vacant front upper 2-bedroom unit is ready for immediate occupancy. A great opportunity to add a low-maintenance investment property to your portfolio.

Property details

MLS
NOWDD
MLS #
5221392
Property type
Triplex
Subdivision
Continental
Status
Active
Days on market
9
On market date
July 1, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.0964 acres

Location

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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.

ElementaryCharter
Wings Academy 1
0.45 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
161
Student:teacher ratio
14.6:1
District
Wings Academy 1
Middle
Roxboro Middle School
1.43 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
581
Student:teacher ratio
11.9:1
District
Cleveland Heights-University Heights City
High
John Adams College & Career Academy
1.49 mi away · Grades 9-12
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
486
Student:teacher ratio
16.2:1
District
Cleveland Municipal

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).

79
Walkable
out of 100
EPA National Walkability Index
13.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores14
Parks12
Schools16
Transit stops20
Pharmacies4

Market position

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

On the market 9 days -- 41 fewer days than Cleveland's current average of 50 days.
For reference, the median list price across 2,478 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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Adjust tax / insurance estimates
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Est. monthly payment
$1,294/mo
$38,000 down
$152,000 loan
Principal & interest$986
Property tax (est.)$158
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 16, 2026.

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.