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Property Description
No wholesalers. No Seller financing. No low ball offers. This triplex presents an outstanding value-add opportunity for investors seeking their next BRRRR, renovation, or long-term cash-flow project. This triplex offers a flexible unit mix consisting of two 2-bedroom, 1-bath units on the first and second floors, plus a 1-bedroom, 1-bath unit on the third floor. Each unit features spacious living areas and kitchen space layouts, providing a strong foundation for improvements and future rental income. The property also includes a basement, offering additional storage space and potential value-add opportunities. The third-floor unit benefits from separate electric service, baseboard heating, and its own electric water heater, providing added utility separation and management flexibility. With renovations and updates, investors have the opportunity to maximize rental performance and increase overall property value. Market rents are estimated at approximately $900 per month per unit, creating attractive income potential once stabilized. Conveniently located in Cleveland, the property offers easy access to Interstate 90, downtown Cleveland, University Circle, Cleveland Clinic, University Hospitals, shopping centers, restaurants, public transportation, schools, parks, and everyday amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you're looking to execute a BRRRR strategy, expand your rental portfolio, or reposition a multifamily asset for stronger returns, this triplex presents a compelling opportunity with significant upside potential!
Full Property Details
Full Property Details for 1261 E 113th St
General
- Price: $60,000
- Taxes: $1,140 (2025)
- Status: Active
- Type: Triplex
- Source: 505
- MLS ID: 5215582
- Updated: 6/3/2026
- Added to Site: Today
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Basement
Parking
- Parking Features: Driveway
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: A J Marshs Sub
- Driving Directions: Off Grand Army of the Republic Highway, between the E 114th Street and Steve Harvey Way
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Shingle Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Stories/Levels: 3
- Square Feet: 2,700
- Living Area: 2,700 Sq. Ft.
- Finished Above Grnd: 2,700 Sq. Ft.
- Year Built: 1911
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.0884
- Lot Size: .0884
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $1,140
- Tax Year: 2025
- Terms: Cash, Other
Disclosures and Reports
- Legal Description: 379 MARSH 0015 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 109-24-117
Listed by RE/MAX Haven Realty, Michael Azzam
Get Pre-Approved Today
Schools
Schools serving 1261 E 113th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Mary M Bethune 11815 Moulton Avenue, Cleveland, OH 44106 | PK-8 | 0.3 mi |
Stephanie Tubbs Jones 11901 Durant Avenue, Cleveland, OH 44108 | PK-8 | 0.7 mi |
Franklin D. Roosevelt 800 Linn Drive, Cleveland, OH 44108 | PK-8 | 0.8 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 11 mi |
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106 | 9-12 | 1.5 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1.5 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1.5 mi |
Daniel E Morgan School 8912 Morris Court, Cleveland, OH 44106 | PK-8 | 1.1 mi |
Glenville High School 650 East 113th Street, Cleveland, OH 44108 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1261 E 113th St
Date
Details
Price
Change
Source
6/03/2026
Listed
$60,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1261 E 113th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,140
—
$17,220
—
2024
$1,139
—
$17,230
124%
2023
$1,139
85%
$7,700
—
2022
$615
6%
$7,700
—
2021
$580
6%
$7,700
22%
2020
$549
8%
$6,300
—
2019
$508
—
$6,300
—
2018
$506
-42%
$6,300
-11%
2017
$873
48%
$7,110
—
2016
$588
—
$7,110
—
2015
$588
-10%
$7,110
-10%
2014
$653
1%
$7,910
—
2013
$646
—
$7,910
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1261 E 113th St
1261 E 113th Street, Loveland, OH 44108 (MLS# 5215582) is a Triplex property with 5 bedrooms and 3 full bathrooms. 1261 E 113th Street is currently listed for $60,000 and was received on June 03, 2026. Want to learn more about 1261 E 113th Street? Do you have questions about finding other Triplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

