3240 W 98th Street, Loveland, OH 44102 - Photo 1

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$1,349,900 -$49,100 (-3.51%) Price Reduced

For Sale
Active
Apartment
Updated 1 day ago

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Property Description

Summary: All Brick - 2 story low rise boasts: 17) unit with 5) main street level retail units with high visibility and 12) residential and 5) Retail. Mix: 4) 2 bed/1bath, 7) 1 Bed/1 bath, 1) studio/1 bath and 5) retail This offering presents a compelling investment opportunity in a mixed-use asset located minutes to Cleveland's downtown. The property comprises 12 well-maintained apartment units and 5 ground-floor retail shops, complemented by a private parking lot at the rear. Highlights: - CAP rate operates at 7.1% "As Is", with proforma at 8.9% small adjustments needed to be implemented. - Great occupancy history. _ Currently professionally managed would stay on. - - Common area renovations included all common area, halls and entries newly painted, all new LED house lighting added for energy saving.

Full Property Details

Full Property Details for 3240 W 98th St

General

Price: $1,349,900
Taxes: $28,487 (2025)
Status: Active
Type: Apartment
Source: 505
MLS ID: 5186026
Updated: 3/31/2026
Added to Site: 48 day(s) ago

Rooms

Other Rooms

Laundry: Coin-operated

Additional Information

Security/Safety: Security System

Parking

Total Spaces: 12
Parking Features: Assigned, Driveway, Outside, Paved, Parking Lot

Location

County: Cuyahoga
Township: Cleveland
Driving Directions: South off Lorain Avenue headed East at corner of W 98th Street and Dennison Ave

School Information

Elem School District: Cleveland Municipal - 1809
Midd School District: Cleveland Municipal - 1809
High School District: Cleveland Municipal - 1809

Heating & Cooling

Heating Type: Heat Pump, Hot Water, Radiant, Steam

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

# Buildings: 1
Basement: Yes
Basement Desc.: Apartment, Common Basement, Full, Finished, Concrete, Sump Pump, Storage Space, Walk-Up Access
Roof: Asphalt, Fiberglass, Rubber
Stories/Levels: 2
Current Bldg. Use: Multi-Family
Year Built: 1928
Year Built Source: Public Records

Lot Features

Lot Size (Acres): 0.24
Lot Size: .24
Lot Size Source: Assessor
Zoning: Commercial

Financial Considerations

Operating Expenses: $48,642
Tax Amount: $28,487
Tax Year: 2025
Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

Special Conditions: Standard
Legal Description: 14 APPLEWD S/L 5 ALL 0004 ALL
Property ID: 017-19-010

Listed by Keller Williams Citywide, James P Matheos and Keller Williams Citywide, Debbie S Matheos

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Listing agents

— 3240 W 98th St —

James P Matheos

Keller Williams Citywide
Debbie S Matheos

Keller Williams Citywide

jmatheos@kw.com, 440-847-9033

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NMLS#: 1598647

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Schools

Schools serving 3240 W 98th St

School District:Cleveland Municipal School District

Name	Grades	Distance
Almira 3375 West 99th Street, Cleveland, OH 44102	PK-8	0.3 mi
Halle 7901 Halle Avenue, Cleveland, OH 44102	PK-8	0.6 mi
Wilbur Wright School 11005 Parkhurst Drive, Cleveland, OH 44111	PK-8	0.8 mi
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111	9-12	2.5 mi
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111	9-12	2.5 mi
Lincoln West School Of Global Studies 3202 West 30th Street, Cleveland, OH 44109	9-12	2.5 mi
Bard Early College Cleveland 13501 Terminal Avenue, Cleveland, OH 44135	9-12	2.6 mi
Marion C Seltzer Elementary School 1468 West 98th Street, Cleveland, OH 44102	PK-8	0.9 mi
Mary Church Terrell School 3595 Bosworth Road, Cleveland, OH 44111	PK-8	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 3240 W 98th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/31/2026

Price Reduced

$1,349,900

-3.51%

MLS

2/12/2026

Listed

$1,399,000

3.63%

MLS

11/17/2022

Sold

$1,350,000

—

Public Record

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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 3240 W 98th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$28,747

-57%

$278,540

211%

2023

$66,992

614%

$89,570

—

2022

$9,380

$89,570

—

2021

$8,959

$89,570

10%

2020

$8,464

$81,410

—

2019

$7,969

$81,420

—

2018

$7,771

$81,420

14%

2017

$7,232

—

$71,200

—

2016

$7,235

—

$71,200

—

2015

$7,252

-11%

$71,200

-12%

2014

$8,141

$80,890

—

2013

$8,017

—

$80,890

—

View All

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 3240 W 98th St

3240 W 98th Street, Loveland, OH 44102 (MLS# 5186026) is a Apartment property. 3240 W 98th Street is currently listed for $1,349,900 and was received on February 12, 2026. Want to learn more about 3240 W 98th Street? Do you have questions about finding other Apartment real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

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3240 W 98th St Loveland, OH 44102