2829 E 116th Street, Loveland, OH 44120 - Photo 1

1/1

$260,000

Sold
Closed
Multi-Family
8 Total Beds
Updated 13 days ago

1/1

Property Description

Turnkey 4-unit investment opportunity in Cleveland featuring all 2-bedroom, 1-bathroom units, offering strong rental potential and flexibility for investors. Two units are currently occupied at $950/month with leases in place through December 2026 and March 2027, providing stable income, while the remaining two units offer upside through lease-up or rent increases. Tenants pay for gas, with the owner covering electric and water. The property has been well maintained with numerous capital improvements, making it a solid, low-maintenance addition to any investment portfolio in a strong rental market. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

Full Property Details

Full Property Details for 2829 E 116th St

General

Sold For: $260,000
Taxes: $5,312 (2025)
Status: Closed
Type: Multi-Family
Source: 505
MLS ID: 5201392
Added to Site: 102 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Parking

Parking Features: Driveway

Location

County: Cuyahoga
Township: Cleveland
Driving Directions: E 116th St

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: Vinyl Siding
Basement: Yes
Basement Desc.: Full, Unfinished
Roof: Asphalt
Stories/Levels: 2
Year Built: 1920
Year Built Source: Public Records

Lot Features

Lot Size (Acres): 0.1102
Lot Size: .1102
Lot Size Source: Assessor

Financial Considerations

Tax Amount: $5,312
Tax Year: 2025
Owner Pays: Electricity, Water
Tenant Pays: Gas

Disclosures and Reports

Special Conditions: Standard
Legal Description: 428 SP 505 FT S OF WILLIAMS AVE 0013
Property ID: 129-14-013

Listed by Home Equity Realty Group, Kim Lewis and Home Equity Realty Group, Charles Lewis
Sold by EXP Realty, LLC., Nicole M Garcia

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Listing agents

— 2829 E 116th St —

Kim Lewis

Home Equity Realty Group
Charles Lewis

Home Equity Realty Group

charles.lewis@heqrealty.com, 440-539-4864

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Schools

Schools serving 2829 E 116th St

School District:Cleveland Municipal School District

Name	Grades	Distance
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120	PK-8	0.3 mi
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120	PK-8	0.6 mi
Bolton 9803 Quebec Avenue, Cleveland, OH 44106	PK-8	1.2 mi
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111	9-12	10.1 mi
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106	9-12	1.4 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
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105	PK-8	1.5 mi
Andrew J Rickoff 3500 East 147th Street, Cleveland, OH 44120	PK-8	1.8 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 2829 E 116th St

Date

Details

Price

Change

Source

7/10/2026

Sold

$260,000

-6.81%

MLS

4/15/2026

Listed

$279,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 3 days ago

4
Beds
3
Total Baths
2,088
Sq. Ft.

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1.426
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Single Family
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3
Beds
3
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2,291
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3
Beds
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Single Family
Active
Updated 3 days ago

6
Beds
5
Total Baths
4,380
Sq. Ft.

2904 E 117th St, Loveland, OH 44120 - Photo 1

Sold

$225,000

2904 E 117th St Loveland, OH 44120

Multi-Family
Closed

8
Total Beds

Listed and Sold by CENTURY 21 Asa Cox Homes, Brian Evans

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Sold

$275,000

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Single Family
Closed

3
Beds
3
Total Baths
2,217
Sq. Ft.

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2834 Ludlow Rd, Loveland, OH 44120 - Photo 1

Sold

$259,000

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Duplex
Closed
Updated 5 days ago

8
Beds
4
Total Baths
3,921
Sq. Ft.

Listed by Engel & VÃ¶lkers Distinct, Val Ivanchenko
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Sold

$222,000

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Condo
Closed

3
Beds
2
Total Baths
1,598
Sq. Ft.

Listed by Keller Williams Citywide, Gregory Erlanger
Sold by CENTURY 21 Asa Cox Homes, Maryrose Teoli

2829 E 116th Street, Loveland, OH 44120 (MLS# 5201392) is a Multi-Family property that was sold at $260,000 on July 10, 2026. Want to learn more about 2829 E 116th Street? Do you have questions about finding other Multi-Family real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

2829 E 116th St Loveland, OH 44120