3389 East 147 Street Cleveland OH 44120

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1 day on market

3389 East 147 Street

Cleveland OH 44120

Home Price

$69,000

$20,700 down payment (30%)

Year 1 Highlights

36.64%Cash on Cash info icon

16.76%Cap Rate info icon

5%YoY Appreciation info icon

$832Cash Flow/mo. info icon

3389 East 147 Street, Cleveland OH 44120

$69,000

3 bed·2 bath·1,138 sqft·Built 1946

Est. rent $1,440/mo

1 day on market

Year 1 Highlights

36.64%Cash on Cash info icon

16.76%Cap Rate info icon

5%YoY Appreciation info icon

$832Cash Flow/mo. info icon

Why invest?

3389 East 147 Street offers investors a practical Cleveland rental in a market known for steady tenant demand and landlord flexibility. Located in 44120, this 3-bedroom, 2-bath residential home fits the city’s value-driven rental profile, where stable employment and strong housing affordability support long-term occupancy.

Property Overview

Built in 1946 and offering 1,138 square feet, this residential property features a functional 3 bed, 2 bath layout that appeals to a wide range of renters. The size and configuration make it an efficient single-family option with straightforward leasing potential.

Economic and Employment Insights

Cleveland’s economy is anchored by major employers including the Cleveland Clinic, University Hospitals, and KeyCorp, supporting a diverse job base. With job growth at 1.5% and population growth at 0.5%, the market shows steady fundamentals for investors seeking durable rental demand.

Local Amenities

The 44120 area offers access to neighborhood conveniences, transit routes, shopping, dining, and community parks that support everyday renter needs. Its location within Cleveland provides practical access to employment centers, schools, and city amenities that help attract and retain tenants.

Searching for Tenant

Managed by Doorvest

Estimated Monthly Rent

$1,440/month

Market Range: $1,230 - $1,650

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