$260,000
About this home
Excellent investment opportunity at 3438 E 140th St in Cleveland! This solid brick 4 Unit property offers strong cash flow potential with All Unit's Fully Occupied and Ready for Any Investment Portfolio. Each spacious unit features 2 bedrooms, 1 full bath, and approximately 800 square feet with practical layouts that attract long-term tenants. Current gross monthly income is $2,775.00 which can be increased w/ additional upside by increasing the rent on All units to market rent, creating immediate value-add potential for investors. Tenants pay gas and electric, while the owner covers water, sewer, taxes, snow removal, and repairs. Built in 1924 and updated/remodeled over time, this well-maintained quadruplex offers over 6,200 total square feet, including more than 4,100 above grade plus a full unfinished basement. The basement provides common laundry area access with electric dryer hookup & washer hookups. Property features include forced air heating, ceiling fans, energy-efficient lighting and windows, and efficient hot water distribution. Appliances include ranges, refrigerators, smoke detectors, and CO detectors in units. Situated on a level 0.14-acre lot in the Rapid Transit Land Cos Shaker subdivision, the property offers a detached 4-car garage, and additional driveway parking, a major bonus for tenant retention. Brick exterior construction and asphalt shingle roof contribute to long-term durability and lower exterior maintenance. Public water and sewer services are in place. Conveniently located with access to Kinsman Road, public transportation, shopping, schools, and major highways, this property sits within the Cleveland Municipal School District and remains attractive to renters seeking accessibility and value. With solid rental history, strong occupancy, and opportunity to increase rents over time, this income-producing asset presents an excellent addition to any portfolio. This property offers stability, income, and long-term appreciation potential.
Highlights
Property details
- MLS
- NOWDD
- MLS #
- 5189373
- Property type
- Quadruplex
- Subdivision
- Rapid Transit Land Cos Shaker
- Status
- Active
- Days on market
- 175
- On market date
- March 13, 2026
- Stories
- 2
- Total bathrooms
- 4
- Garage spaces
- 4
- Parking spaces
- N/A
- Lot size
- 0.1398 acres
Location
Get directions →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.
- Enrollment
- 415
- Student:teacher ratio
- 12.6:1
- District
- Cleveland Municipal
- Enrollment
- 651
- Student:teacher ratio
- 13.9:1
- District
- Shaker Heights City
- Enrollment
- 1,566
- Student:teacher ratio
- 15.1:1
- District
- Shaker Heights City
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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 5, 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.