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6 Beds
3 Baths

$320,000

1390 E 109th Street, Cleveland OH, 44106

Built in1910
Property typeMulti-family

Overview

Active

Listed Oct 12, 2026

Updated 40h ago

FANTASTIC INVESTMENT Opportunity IN 44106! This 6-bed, 3-bath corner duplex combines MAJOR improvements with serious income potential. Nearly $50K invested in RENOVATIONS within the past year means substantial work has already been completed, including new flooring, drywall repairs, paint, remodeled kitchens with new appliances and updated bathrooms, just to name a few! The roof and all mechanicals are in GREAT working order. The numbers are just as attractive... nearly $50,000 IN POTENTIAL GRI! CMHA offers $2113/month (=$50,712/year) for a 3-bedroom in 44106. This property more than BEATS the 1% Rule and 10-CAP requirement. For investors looking to minimize upfront renovation costs while maximizing rental-income potential, this is one to put on the radar. Updated property. Strong GRI potential. Built for the portfolio. LOCATION! LOCATION! LOCATION! Conveniently situated just minutes from Cleveland Clinic Main Campus, University Hospitals, Case Western Reserve University, University Circle, Cleveland Museum of Art, Little Italy, and Downtown Cleveland, this is the PERFECT property for CASE STUDENTS who pay $700+ per bedroom. And... with so much new development and construction happening in the neighborhood, the property values should continue to go UP and UP! Comparative Market Analysis (CMA), disclosures, and copies of renovation invoices available upon request.

$2,129/mo

Est. mortgage payment based on a $320,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5251579

Interior Features

Bedrooms
6
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$1,206
Tax Frequency
Annually

Courtesy of Premier Heights Realty LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kristine McGee shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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