3524 E 138th Street
Cleveland, OH 44120
Map
- 4 beds
- 2 baths
- 2,847 sqft
- $57 per sqft
- 1918 build
- – on site
Recently Remodeled Duplex – Great Investment Opportunity This beautifully remodeled duplex offers a fantastic opportunity for investors or owner-occupants alike. The property features two fully leased units with updated finishes and excellent natural lighting throughout. • Upstairs Unit: Currently tenant-occupied with a lease expiring July 31st of this year, offering near-term potential to adjust rent to market rates. • Downstairs Unit: Occupied by a Section 8 tenant with a lease expiring September 30th of this year. There is significant room for a rental increase upon recertification or renewal. The unit benefits from stable, government-backed income and strong long-term tenancy potential. Recent renovations ensure low-maintenance ownership and increased appeal to quality tenants. With both leases ending this year, the property presents an excellent opportunity to boost cash flow and realize long-term value. Don’t miss your chance to own this turn-key, income-producing property with immediate upside potential.
Last checked:
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Last updated Jun 19, 2025
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MLS# 5132719 —
The Building
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Year Built:1918
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Year Built Source:PublicRecords
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Construction Materials:VinylSiding
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# of Buildings:1
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Roof:AsbestosShingle
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Levels:ThreeOrMore
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Basement:Unfinished
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Basement:true
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Above Grade Finished Area:1898.0
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Above Grade Finished Area Source:Realist
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Below Grade Finished Area:949.0
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Below Grade Finished Area Source:Realist
Interior
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Rooms Total:10
Room Dimensions
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Living Area:2847.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:DeliveryOfDeed
Location
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Directions:Union Ave Onto E 138th St
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Longitude:-81.587651
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Latitude:41.463197
The Property
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Parcel Number:137-05-015
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Lot Size Acres:0.1377
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Lot Size Area:0.1377
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Lot Size Units:Acres
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Lot Size Source:PublicRecords
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 421-4367
- Office phone:
- (330) 467-7000
Taxes
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Tax Year:2023
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Tax Legal Description:454 N OF PLEASANT- VIEW #2
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Tax Annual Amount:$624
Beds
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Bedrooms Total:4
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Listing Terms:Cash,Conventional,Exchange1031
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Home Warranty:false
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Special Listing Conditions:Standard
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/3524-E-138th-Street-Cleveland-OH-44120/unbranded
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:CeilingFans
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Cleveland Municipal - 1809
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Middle School District:Cleveland Municipal - 1809
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High School District:Cleveland Municipal - 1809
The Community
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Subdivision Name:Pleasant View Allotment #2
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Pool Private:false
Parking
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Parking Features:OffStreet
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Garage:false
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Attached Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/18/25
Jun 18, 2025
|
Listed / Active | MLS_NOW | $165,000 | 6.5% (5.5% / YR) |
|
4/15/24
Apr 15, 2024
|
MLS_NOW | $155,000 |
