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$148,000
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Property Description
Great investment opportunity! This fully remodeled multifamily property features two spacious units, each offering two bedrooms and one full bathroom, plus a third bonus unit with one bedroom and one full bathroom. All three units have been completely renovated with modern finishes and are equipped with BRAND NEW 2026 MECHANICALS. Additional improvements include: updated plumbing and electrical systems (2026), along with a NEWER ROOF. The units are currently being marketed for rent, making this property an excellent option for an investor looking to build a strong rental portfolio or an owner-occupant seeking additional income potential. CMHA will pay up to $1243 for a 2-bedroom unit in 44110. Even at 80% of maximum rent (or $994), this property would generate NEARLY $24,000 annually, easily beating the 1% Rule and exceeding a 10-cap requirement.
Full Property Details
Full Property Details for 505 E 149th St
General
- Price: $148,000
- Taxes: $1,272 (2025)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5240042
- Updated: 9/8/2026
- Added to Site: 46 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Parking Features: Driveway, Off Street, On Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: Lake Shore Blvd Sub/J Lar
- Driving Directions: Merge onto 170B onto I-90 E towards Cleveland. Take exit 180A onto E 140th st. turn left onto E 140th st. Turn right onto Westropp Ave. Turn left onto E 149th st. Destination is on right.
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, Wood Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Shingle
- Square Feet: 2,054
- Living Area: 2,054 Sq. Ft.
- Finished Above Grnd: 2,054 Sq. Ft.
- Year Built: 1921
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.1141
- Lot Size: .1141
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $1,272
- Tax Year: 2025
Disclosures and Reports
- Legal Description: 16 LARONGE 0123 ALL
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 112-22-015
Listed by Premier Heights Realty LLC, Jullian Vaughn
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Schools
Schools serving 505 E 149th St
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Memorial School 410 East 152nd Street, Cleveland, OH 44110 | PK-8 | 0.1 mi |
Ginn Academy 655 East 162nd Street, Cleveland, OH 44110 | 9-12 | 0.7 mi |
East Clark 885 East 146th Street, Cleveland, OH 44110 | PK-8 | 0.9 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 14 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5 mi |
John Hay Early College High School 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 5 mi |
Collinwood High School 15210 Saint Clair Avenue, Cleveland, OH 44110 | 9-12 | 1.1 mi |
Hannah Gibbons-Nottingham Elementary School 1401 Larchmont Road, Cleveland, OH 44110 | PK-8 | 1.3 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 505 E 149th St
Date
Details
Price
Change
Source
8/27/2026
Listed
$148,000
322.86%
MLS
12/22/2020
Sold
$35,000
—
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 505 E 149th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,272
—
$19,005
—
2024
$1,271
-22%
$19,010
114%
2023
$1,623
56%
$8,900
—
2022
$1,038
53%
$8,900
—
2021
$680
100%
$8,890
—
2020
-100%
$8,890
—
2019
$728
2%
$8,900
—
2018
$715
-43%
$8,900
-41%
2017
$1,256
-4%
$15,060
-5%
2016
$1,312
—
$15,860
—
2015
$1,311
-13%
$15,860
-13%
2014
$1,506
1%
$18,240
—
2013
$1,488
—
$18,240
—
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 505 E 149th St
505 E 149th Street, Loveland, OH 44110 (MLS# 5240042) is a Duplex property with 4 bedrooms and 2 full bathrooms. 505 E 149th Street is currently listed for $148,000 and was received on August 27, 2026. Want to learn more about 505 E 149th Street? Do you have questions about finding other Duplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

