5 Beds
2 Baths
2,068 sqft
$285,000
3114 Vega Avenue, Cleveland OH, 44113
Price per sqft$137.81
Built in1890
Property size2,068 sqft
Property typeMulti-family
Overview
Active
Listed Oct 6, 2026
Updated 5 days ago
Turnkey, fully occupied, and generating $3,200 per month in total Section 8 rental income, this 5-bedroom, 2-bath duplex in Tremont's highly desirable 44113 offers investors the rare combination of strong cash flow and a premium location. With tenants already in place, the next owner can step into an income-producing property from day one. The home has seen numerous improvements, including vinyl windows, updated cabinetry, renovated bathrooms, select mechanical upgrades, and additional updates throughout, helping make this a solid, low-maintenance addition to any rental portfolio. The location is where this investment really stands out. Situated in the Tremont area, the property is surrounded by some of Cleveland's most popular restaurants, coffee shops, bars, and neighborhood amenities while being just minutes from Ohio City, Downtown Cleveland, Clark-Fulton, MetroHealth, and other major employment centers. Tremont and the surrounding west-side neighborhoods continue to see new construction, renovations, and ongoing investment, making this an area that attracts both tenants and buyers looking to be close to everything Cleveland has to offer. For an investor, this property offers the best of both worlds: established income today with long-term appreciation potential in one of Cleveland's most recognized neighborhoods. With $3,200 in monthly voucher-backed rent already in place, a desirable unit mix, quality updates, and a location close to major hospitals, entertainment, dining, and downtown, much of the heavy lifting has already been done. Whether you're expanding an existing portfolio or looking for a stabilized multifamily property in a strong location, this is an opportunity worth a closer look.
$1,896/mo
Est. mortgage payment based on a $285,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5250599
Interior Features
- Bedrooms
- 5
- Bathrooms
- 2
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.12 Acres
Other Property Details
- Taxes
- $2,809
- Tax Frequency
- Annually
- Garage
- Yes
Courtesy of Keller Williams Living
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