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$225,000
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Property Description
**CASH COW** This three-unit property delivers exceptional income potential. The building features two fully renovated three-bedroom apartments, with a pristine basement that includes an efficiency area with laundry. There is also a commercial storefront currently leased at $1,000 per month (tenant has not yet taken occupancy). The property has been well maintained, including a brand-new roof installed just six months ago. Even the basement is in excellent condition, offering clean and usable space. Based on fair market rents exceeding $1,700 per unit for the apartments, the total monthly income potential approaches $4,400-making this a compelling opportunity at a VERY FAIR price point. With strong cash flow potential and valuable tax advantages, this property is well-suited for investors seeking reliable passive income or a long-term addition to a retirement portfolio. Priced competitively to reflect minor exterior cosmetic updates needed, this is a high-upside investment with solid fundamentals already in place.
Full Property Details
Full Property Details for 3278 W 117th St
General
- Sold For: $225,000
- Taxes: $3,332 (2025)
- Status: Closed
- Type: Triplex
- Source: 505
- MLS ID: 5205123
- Added to Site: 117 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: Off Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: A J Marvins Resub
- Driving Directions: NA
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Year Built: 1928
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1591
- Lot Size: .1591
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $3,332
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 20 MARVIN 0004 ALL
- Property ID: 021-22-004
Listed by Berkshire Hathaway HomeServices Professional Realty, Tarina M Sidoti
Sold by LPT Realty, Johnny Kincaid
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Schools
Schools serving 3278 W 117th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Wilbur Wright School 11005 Parkhurst Drive, Cleveland, OH 44111 | PK-8 | 0.3 mi |
Mary Church Terrell School 3595 Bosworth Road, Cleveland, OH 44111 | PK-8 | 0.7 mi |
The School Of One 3575 West 130th Street, Cleveland, OH 44111 | 9-12 | 0.7 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 1.6 mi |
John Marshall School of Business and Civic Leadership 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 1.6 mi |
Bard Early College Cleveland 13501 Terminal Avenue, Cleveland, OH 44135 | 9-12 | 1.9 mi |
Rhodes Schools of Environmental Studies 5100 Biddulph Avenue, Cleveland, OH 44144 | 9-12 | 3.3 mi |
Almira 3375 West 99th Street, Cleveland, OH 44102 | PK-8 | 0.9 mi |
New Technology West 11801 Worthington Avenue, Cleveland, OH 44111 | 9-12 | 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 3278 W 117th St
Date
Details
Price
Change
Source
7/16/2026
Sold
$225,000
-22.15%
MLS
5/01/2026
Listed
$289,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3278 W 117th Street, Loveland, OH 44111 (MLS# 5205123) is a Triplex property that was sold at $225,000 on July 16, 2026. Want to learn more about 3278 W 117th 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.

