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$317,900
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Property Description
Investor Highlight: Total monthly rental income of $3,400 ($40,800 annually) on a $289,000 purchase price, exceeding the 1% rule at 1.18%. Current rents include a $1,700/month furnished first-floor unit, $1,100/month (will be going up to $1125 soon) second-floor long-term tenant, and $600/month third-floor one-bedroom. Annual property taxes are $8,036 (˜ $670/month). Major capital improvements reduce near-term expenses with two new furnaces (2024), new refrigerator (2024), and new washer/dryer (2025). Well-maintained asset with documented annual servicing, offering immediate cash flow and minimal deferred maintenance. No seller financing and no wholesalers. PM is in place - truly a plug and play.
Full Property Details
Full Property Details for 3271 Desota Ave
General
- Sold For: $317,900
- Taxes: $8,036 (2025)
- Status: Closed
- Type: Triplex
- Source: 505
- MLS ID: 5184613
- Added to Site: 56 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, Recessed Lighting
- Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Detached, Garage
Location
- County: Cuyahoga
- Township: Cleveland Heights
- Subdivision: Minor Heights Land Companys
- Driving Directions: Lee Rd to Euclid Heights BLVD to Desota
School Information
- Elem School District: Cleveland Hts-Univer - 1810
- Midd School District: Cleveland Hts-Univer - 1810
- High School District: Cleveland Hts-Univer - 1810
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt, Fiberglass
- Stories/Levels: 3
- Square Feet: 2,896
- Living Area: 2,896 Sq. Ft.
- Finished Above Grnd: 2,896 Sq. Ft.
- Year Built: 1925
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1377
- Lot Size: .1377
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $8,036
- Tax Year: 2025
Disclosures and Reports
- Legal Description: 15 MINOR HTS LD 0309 ALL
- Property ID: 684-31-048
Listed by Berkshire Hathaway HomeServices Professional Realty, Nicole Raichart
Sold by Keller Williams Living, Lisa A Gaines
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Schools
Schools serving 3271 Desota Ave
School District:Cleveland Heights-University Heights City School District
| Name | Grades | Distance |
|---|---|---|
Boulevard Elementary School, Cleveland Heights, OH 1749 Lee Road, Cleveland Heights, OH 44118 | K-5 | 0.2 mi |
Roxboro Middle School 2400 Roxboro Road, Cleveland Heights, OH 44106 | 6-8 | 1.8 mi |
Cleveland Heights High School 13263 Cedar Road, Cleveland Heights, OH 44118 | 9-12 | 0.6 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 3271 Desota Ave
Date
Details
Price
Change
Source
3/10/2026
Sold
$317,900
10%
MLS
2/05/2026
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.
3271 Desota Avenue, Cleveland Heights, OH 44118 (MLS# 5184613) is a Triplex property that was sold at $317,900 on March 10, 2026. Want to learn more about 3271 Desota Avenue? Do you have questions about finding other Triplex real estate for sale in Cleveland Heights? You can browse all Cleveland Heights real estate or contact a Coldwell Banker agent to request more information.
