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Property Description
INVESTOR ALERT: Potential Cash-flow powerhouse-Rarely does an asset this stabilized hit the market with these numbers. This renovated "8-Bedroom" Triplex in the Buckeye/Shaker neighborhood is a "Cash-flow Powerhouse," delivering an incredible 2.99% Monthly Return Potential-Nearly Triple the Traditional 1% rule. Based on 2026 CMHA standards ($1,762.00 for 3-BRs, $1,367.00 for 2-BRs), plus $200.00 for the 2-car garage, this property has a potential projected monthly income of $5,091.00. Every unit has been thoughtfully updated from top to bottom over the last 2 years with fresh paint, flooring, and updated kitchens/baths. Major capital improvements provide ultimate peace of mind: Newer Furnaces (2024), Newer Hot Water Tanks (2024), Newer grounded electrical outlets, and updated plumbing including main stacks and City-replaced main sewer/water lines. The exterior features a roof~ Approx: 2016, vinyl windows (1st/3rd floors), and a waterproofed basement. The first and second floors offer identical 3-BR layouts with large dining and living rooms, built-ins, and porches, while the third floor features a contemporary 2-BR layout. Located in a vibrant, growing area within walking distance to groceries and dining, and minutes from the Cleveland Clinic, University Hospital, Case Western, and Shaker Square. Over 2,400 sq/ft of high-performance living space with separate entrances and basement storage. Lead risk assessment is in process; buyers to assume any requirements to meet Cleveland's Lead Safe standards. Whether you are a first-time investor looking to house-hack or a seasoned pro seeking a high-yield asset, this property delivers exceptional value and long-term performance. Secure this stabilized, high-velocity income stream today! Selling "as is". Call today to schedule a private showing before it's gone!
Full Property Details
Full Property Details for 3281 E 118th St
General
- Price: $170,000
- Taxes: $1,394 (2025)
- Status: Active
- Type: Triplex
- Source: 505
- MLS ID: 5208605
- Updated: 5/9/2026
- Added to Site: Today
Interior
- Interior Features: Built-in Features, Crown Molding, His and Hers Closets, Multiple Closets, Storage, Walk-In Closet(s)
- Appliances: Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Laundry Chute, In Basement
Exterior
- Exterior Features: Balcony
- Porch/Patio/Deck: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached, Garage
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Crawford Woodhill Sub
- Driving Directions: North of 422 and S of Shaker Blvd
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, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Sump Pump
- Roof: Asphalt, Fiberglass
- Square Feet: 2,481
- Living Area: 2,481 Sq. Ft.
- Finished Above Grnd: 2,481 Sq. Ft.
- Year Built: 1918
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1149
- Lot Size: .1149
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $1,394
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 444 CRAWWDL 0306 ALL
- Property ID: 130-01-119
Listed by EXP Realty, LLC., Tom Partin
Get Pre-Approved Today
Schools
Schools serving 3281 E 118th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105 | PK-8 | 0.7 mi |
Charles Dickens School 13013 Corlett Ave, Cleveland, OH 44105 | PK-8 | 1 mi |
John Adams College & Career Academy 3817 Martin Luther King Junior Drive, Cleveland, OH 44105 | 9-12 | 1 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 10.1 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2.3 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2.3 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 2.3 mi |
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120 | PK-8 | 1.1 mi |
Andrew J Rickoff 3500 East 147th Street, Cleveland, OH 44120 | PK-8 | 1.2 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 3281 E 118th St
Date
Details
Price
Change
Source
5/08/2026
Listed
$170,000
79.14%
MLS
1/08/2024
Sold
$94,900
—
Public Record
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 3281 E 118th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,409
-20%
$21,080
88%
2023
$1,763
104%
$11,210
—
2022
$864
1%
$11,210
—
2021
$856
104%
$11,200
-5%
2020
$420
8%
$11,800
—
2019
$389
—
$11,800
—
2018
$388
-32%
$11,800
-24%
2017
$568
1%
$15,470
—
2016
$564
—
$15,470
—
2015
$563
—
$15,470
—
2014
$562
1%
$15,470
—
2013
$556
—
$15,470
—
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 3281 E 118th St
3281 E 118th Street, Loveland, OH 44120 (MLS# 5208605) is a Triplex property with 8 bedrooms and 3 full bathrooms. 3281 E 118th Street is currently listed for $170,000 and was received on May 08, 2026. Want to learn more about 3281 E 118th 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.

