3141 Kensington Road, Cleveland Heights, OH 44118
Local realty services provided by:CENTURY 21 Lakeside Realty
Listed by: steven koleno
Office: beycome brokerage realty llc.
MLS#:5196748
Source:OH_NORMLS
Price summary
- Price:$312,000
- Price per sq. ft.:$109.28
About this home
Steps from the Cedar Lee corridor — one of Cleveland Heights' most walkable and sought-after neighborhoods, with restaurants, boutiques, and transit all within easy reach. This 3-unit property has immediate income in place with room to grow. Unit 1 (occupied | $1,250 + $25 pet fee): Recently renovated, oversized private patio. Comparable units in the area support $1,300/mo. Tenant on one year lease.Unit 2 (vacant — move-in ready): Recently renovated, Identical layout and finishes to Unit 1, same oversized patio. An owner-occupant living here would have the other two units covering housing costs entirely. Can also be leased at $1,300/mo from day one.Unit 3 (occupied | $575): Studio unit, currently below area comps. Similar studios nearby support $750+/mo. Month to month tenant.At full occupancy with upside rents, gross monthly income exceeds $3,350. Roof recently updated. Brand new garage. Solid bones, strong location, and value-add upside already in place. A POS estimated around 3k will be passed on to the buyer. A compelling addition to any portfolio, or a nice way to reduce housing costs by living in one unit....
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Home facts
- Year built:1922
- Listing ID #:5196748
- Added:6 day(s) ago
- Updated:April 03, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:10
- Living area:2,855 sq. ft.
Heating and cooling
- Cooling:Wall Units
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1922
- Building area:2,855 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$312,000
- Price per sq. ft.:$109.28
- Tax amount:$7,596 (2025)
Parking
- Parking description:Detached, Driveway, Garage
- Garage:Yes
- Garage spaces:2
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