# 3241 E 116th Street, Cleveland, OH 44120 > **TL;DR:** 5bd/1ba single family, $140,000 ($104/sqft), built 1918, 1,344 sqft. Est. $749/mo. Listed 61 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $140,000 | | Price/sqft | $104 | | Bedrooms | 5 | | Bathrooms | 1 full | | Square Feet | 1,344 | | Year Built | 1918 | | Lot Size | 5,602 sqft (0.13 acres) | | Stories | 2 | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 61 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $708 | | Estimated Insurance | $41 | | **Total** | **$749** | ## Property Highlights - Built in 1918 - 0.13 acre lot - 2 stories ## Description ### Agent Description Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living. The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel. From an investment standpoint, the property is positioned to provide immediate cash flow. Newly placed tenant on a 1 year lease paying $1700/m allowing cashflow from day one of ownership. Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital - Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities. The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and a new tenant already in place, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value! No wholesalers, seller financing, or low-ball offers. ## Location - **Address:** 3241 E 116th Street, Cleveland, OH 44120 - **County:** Cuyahoga - **Neighborhood:** Johnson Farms - **Coordinates:** 41.470435, -81.602516 - **Google Maps:** https://www.google.com/maps?q=41.470435,-81.602516 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/3241-E-116th-Street-Cleveland-OH-44120/unbranded ## Listing Agent - **Name:** Michael Azzam · **License:** 2014004734 - **Brokerage:** RE/MAX Haven Realty - **Broker Phone:** (216) 332-0456 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3241-E-116th-St_Cleveland_OH_44120_M31613-80612?f=listhub&s=NEOHREXOH&m=5241788&c=propsimple) ## Photos ![3241 E 116th Street - Photo 1](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3717534536r.jpg) ![3241 E 116th Street - Photo 2](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1357475568r.jpg) ![3241 E 116th Street - Photo 3](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3242233632r.jpg) ![3241 E 116th Street - Photo 4](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2491727548r.jpg) ![3241 E 116th Street - Photo 5](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1598989274r.jpg) ![3241 E 116th Street - Photo 6](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2822742732r.jpg) ![3241 E 116th Street - Photo 7](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1805890241r.jpg) ![3241 E 116th Street - Photo 8](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3633513118r.jpg) ![3241 E 116th Street - Photo 9](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3128807709r.jpg) ![3241 E 116th Street - Photo 10](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1737316318r.jpg) ![3241 E 116th Street - Photo 11](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2317886240r.jpg) ![3241 E 116th Street - Photo 12](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3132575630r.jpg) ![3241 E 116th Street - Photo 13](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2647710938r.jpg) ![3241 E 116th Street - Photo 14](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2777897532r.jpg) ![3241 E 116th Street - Photo 15](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f916262612r.jpg) ![3241 E 116th Street - Photo 16](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1591987404r.jpg) ![3241 E 116th Street - Photo 17](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2179428668r.jpg) ![3241 E 116th Street - Photo 18](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1109699385r.jpg) ![3241 E 116th Street - Photo 19](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2094750580r.jpg) ![3241 E 116th Street - Photo 20](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f806521509r.jpg) ![3241 E 116th Street - Photo 21](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2318742771r.jpg) ![3241 E 116th Street - Photo 22](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f228154497r.jpg) ![3241 E 116th Street - Photo 23](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2054392478r.jpg) ![3241 E 116th Street - Photo 24](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f646101726r.jpg) ![3241 E 116th Street - Photo 25](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2883410671r.jpg) ![3241 E 116th Street - Photo 26](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f4147565716r.jpg) ![3241 E 116th Street - Photo 27](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2263474826r.jpg) ![3241 E 116th Street - Photo 28](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1417891488r.jpg) ![3241 E 116th Street - Photo 29](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2886692338r.jpg) ![3241 E 116th Street - Photo 30](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3284154891r.jpg) ![3241 E 116th Street - Photo 31](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2995411288r.jpg) ![3241 E 116th Street - Photo 32](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3198759743r.jpg) ![3241 E 116th Street - Photo 33](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f867497391r.jpg) ![3241 E 116th Street - Photo 34](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f2614447215r.jpg) ![3241 E 116th Street - Photo 35](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f4043939304r.jpg) ![3241 E 116th Street - Photo 36](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1341283925r.jpg) ![3241 E 116th Street - Photo 37](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f642468421r.jpg) ![3241 E 116th Street - Photo 38](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3712003303r.jpg) ![3241 E 116th Street - Photo 39](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f3840513385r.jpg) ![3241 E 116th Street - Photo 40](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f1748577768r.jpg) ![3241 E 116th Street - Photo 41](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f573601615r.jpg) ![3241 E 116th Street - Photo 42](http://lh.rdcpix.com/57bc12fdaf165022888d157a99d799fcl-f762095977r.jpg) --- **MLS#:** 5241788 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/3241-e-116th-street-cleveland-oh-44120-854ba87e308e46d5b3796e66e51c8459) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/3241-e-116th-street-cleveland-oh-44120-854ba87e308e46d5b3796e66e51c8459#listing", "url": "https://www.propertysimple.ai/listing/3241-e-116th-street-cleveland-oh-44120-854ba87e308e46d5b3796e66e51c8459", "name": "3241 E 116th Street, Cleveland, OH 44120", "description": "Excellent turnkey investment opportunity for an investor looking to add a strong, income-producing property to their portfolio! This spacious single-family home offers 5 bedrooms and 1 bathroom, providing a desirable layout with plenty of room for comfortable everyday living. The interior has been refreshed with fresh paint and new luxury vinyl plank flooring throughout, creating a clean, modern, and low-maintenance finish. The large updated kitchen is a standout feature, offering new cabinetry, butcher block countertops, stainless steel appliances, and ample workspace and storage. The bathroom has also been thoughtfully renovated with new tile flooring, a tiled tub surround, new vanity, and updated fixtures and accessories, giving the home a fresh and contemporary feel. From an investment standpoint, the property is positioned to provide immediate cash flow. Newly placed tenant on a 1 year lease paying $1700/m allowing cashflow from day one of ownership. Conveniently located in Cleveland, the property is just minutes from Luke Easter Park, Ludlow Early Learning Center, Fernway Elementary School, Batuqui Brazilian Restaurant, and Select Specialty Hospital - Cleveland Fairhill, and easy access to major roads, public transportation, shopping, schools, parks, restaurants, healthcare facilities, and other everyday amenities. The property also presents a future Section 8 opportunity, with a CMHA rent standard of approximately $2,150. Full-service property management is available, including dedicated leasing, marketing, and tenant communication departments, along with rehab and construction services for remote investors. With its spacious layout, recent updates, and a new tenant already in place, this property presents an attractive opportunity for investors seeking a turnkey rental with immediate income potential and long-term value! 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