$124,900

491 E 114th St Cleveland, OH 44108

$1,483
Closing credit¹
5 beds
3 full
2,363 sqft
0.08 acres
$53 / sqft
Multi-Family

Property details

About 491 E 114th St

Calling all INVESTORS!! Check out this well-maintained 3-unit property. First floor unit is tenant occupied m2m for $750 and includes two bedrooms and one bath. Second floor unit is vacant and currently marketed for rent iat $900. This also includes two bedrooms and one bath. Third floor efficiency is tenant-occupied m2m for $475. Beautiful hardwood floors throughout with open kitchens that include GRANITE countertops. Large dining rooms with built in cabinets. Low-maintenance vinyl windows. 100-AMP electrical service with updated panels. Vinyl windows. unfinished basement is 1043 Sq ft. All mechanicals are in good working order. GMR should be $2100, well surpassing the 1% Rule. With an annual rental income of around $25,000, you should be able to get at least a 10-CAP.

Highlights

Home typeTriplex
HeatingForced Air, Natural Gas
StatusActive
Size2,363 sqft
BasementYes
Lot size0.0804 Acres
Year built1910
ParkingConcrete, Driveway, No Garage
MLS #5102845

Summary

  • MLS Number: 5102845
  • MLS Name: NOWDD
  • Office Name: Premier Heights Realty LLC
  • Office Email: sophie@premierheights.com
  • Listing Agent: Joseph Skerbec

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring a balcony

$124,900

491 E 114th St

$1,483

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 06, 2017
Home Sold
$13,600

Tax history

YearAssessmentProperty Tax
2023$5,810$450
2022$5,810$695
2021$5,810$443
2020$4,760$421
2019$4,770$390
2018$4,770$389
2017$15,400$1,301

History based on county public records data.

Nearby schools

3

Mayfair Elementary School

Public District 3-5

1.3 mi

13916 Mayfair Ave

5

Boulevard Elementary School

Public District KG-5

3.0 mi

1749 Lee Rd

4

Oxford Elementary School

Public District KG-5

3.2 mi

939 Quilliams Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $23,738. Typical income of Cleveland, OH residents is less than $<35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

69%
<35k
30%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

54%
Single, No Kids
29%
Single, with Kids
12%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
11%
12-17 yrs old
19%
18-34 yrs old
39%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Little CaesarsLittle Caesars
  • Boston MarketBoston Market

What do the neighbors drive?

  • KiaKia
  • DodgeDodge
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 491 E 114th St in Cleveland, OH and zip code 44108 in the Glenville neighborhood. This 2,363 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 1, 2025 and is currently priced at $124,900.

In February 2025 more than 152 listings in Cleveland, OH were sold above the asking price. During the same period more than 83 listings were sold at asking price, while more than 274 were sold below. The inventory of homes for sale in Cleveland, OH between January and February 2025 increased by 0.7%. Listings spent 52 days on the market in February 2025, and had a median list price of $170,020 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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