3296-3300 E 149th Street Cleveland, OH $ 1,300,000
3296-3300 E 149th Street
$ 1,300,000
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3296-3300 E 149th Street

Cleveland, OH, 44120
$ 1,300,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,110

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Commercial Property for sale in Cleveland, OH

for $1,300,000. This building was built in 1923 on a lot size of 0.36.

Outstanding investment opportunity - add two fully renovated, high-income-producing apartment buildings to your portfolio. Together, these properties generate over $17,000 in monthly gross rental income. There is potential for even higher market rents, as the buildings house brand new tenants who moved in after the 2023 renovations. Enjoy a tax abatement on the property until 2038. Each building, completely updated in 2023, includes a tenant-operated, app-based laundry facility and individually metered units. Situated in Cleveland, a city with robust rental demand driven by its diverse economy and expanding healthcare and tech sectors, these properties are an ideal investment in a cost-effective and promising rental market. Capitalize on this chance to invest in one of the Midwest's most attractive rental markets. Current buildings are equipped with a property management team to ensure a seamless, hands-off ownership transition, if necessary for the buyer.

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Commercial Active

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 1,652

Style

Lot Size

0.36

Year Built

1923

Town/City

Cleveland

County/Region

Cuyahoga

MLS | Web ID

5165970

Features
General
Sewer Public Sewer
Heating Hot Water Steam
Cooling None
Possession Delivery Of Deed
Roof Composition Flat
Year Built 1923
Stories Count 3
Township Cleveland
Levels Three Or More
Property Subtype Apartment
Tax Year 2024
Current Use Residential Single Family
Additional Parcels Description 130-18-122
County Cuyahoga
Property Type Commercial Sale
Attached Garage false
Subdivision Name Palmer & Boyers Allotment
Garage Y/N false
Status Active
Directions Head east on Kinsman Rd toward E 104th St > Turn left onto E 149th St > Destination will be on the left
City Cleveland
Disclosures Principal is Real Estate Licensed
High School District Cleveland Municipal - 1809
Number Of Units Total 22
Lot Size Units Acres
Tax Annual Amount 1652
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Cleveland Municipal - 1809
Elementary School District Cleveland Municipal - 1809
Year Built Source Public Records
Property Sub Type Additional Apartment
Legal Description 41 P&B S/L 82 NP 0081 SP ; 41 P&B S/L 83 ALL 0082 SP
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Interior
Basement Common Basement Finished
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features No Garage Paved Parking Lot
Water Source Public
Lot Size Area 0.36
Number of Buildings 2
Building Area Total 16986
Lot Size Acres 0.36
Lot Size Source Owner
Waterfront Y/N false
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* Excluded Features
List By
Violetta Varenkova

Listing Agent

Iip Management, Llc.

Broker

offers@iip-management.com

Email

Affordability Calculator

$8,248
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,110
Monthly Property Taxes
$138
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457981 Elementary School
4457986 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/10/2025$1,300,000 -7.14% Price Down
10/20/2025$1,400,000 Listed Price

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3296-3300 E 149th Street, Cleveland, OH, 44120 is a Commercial Property for sale at $1,300,000 with a lot size of 0.36. 3296-3300 E 149th Street was built in 1923. The property's zip code is 44120 which is in Cleveland, OH