3280 E 121st Street, Cleveland, OH 44120 (MLS # 5190375)

Photo for 3280 E 121st Street, Cleveland, OH 44120 (MLS # 5190375)

Price	$139,000
Status	Active
Beds	3
Baths	1 Bath
Home size	1,404 sqft
Lot Size	4,866 sqft
Days on Market	1

ATTENTION INVESTORS: SECTION 8 VALUE-ADD UPSIDE "” RENT RESET PLAY WITH PROJECTED $1,600-$1,900/MO Ideal for an investor who wants control and upside instead of just inheriting an old, under-market lease. The current CMHA tenant is on a month-to-month lease and has fallen behind on rent, but is cooperative and willing to work with ownership, creating a natural transition point to either structure a cure plan or non-renew and bring in a fresh, fully qualified Section 8 tenant at today's stronger rent levels. Based on current CMHA schedules and area performance, a refreshed tenancy is expected to support a revised rent in the projected $1,500-$1,900/month range, subject to CMHA approval and buyer verification. The house also has a value-add opportunity with ample basement space to add 2 more bedrooms, increasing the rent potential to $1800-2400/mo. Located in a high-demand rental corridor on Cleveland's east side, this property sits in a strong proven Section 8 pocket where homes lease quickly and stay full. The house itself is in good shape, with key CapEx already handled "” including a recent partial roof replacement "” helping limit long-term deferred maintenance and keeping the focus on rent strategy rather than heavy repairs. Lead-based paint testing has been completed and passed, with the report available upon request, offering a compliance-ready asset for a new owner. Month-to-month status gives maximum flexibility to line up your next tenant and transition on your schedule while keeping options open with the current, cooperative renter. Once stabilized with a new or restructured Section 8 contract at updated rent, this becomes the kind of low-drama, government-backed income stream that performs well as a long-term hold. PART OF A LARGER STABILIZED SECTION 8 PORTFOLIO "” INQUIRE FOR INFORMATION ON OTHER LISTINGS. Do not disturb tenants. 48-hour notice typically required for showings. Showings only after accepted offer.

Property Type(s): Single Family

Last Updated	3/3/2026	Tract	Crawford-Woodhill
Year Built	1920	County	Cuyahoga

Additional Details

AIR	None
BASEMENT	Full, Yes
CONSTRUCTION	Brick, Vinyl Siding
HEAT	Forced Air, Natural Gas
LOT	4866 sq ft
PARKING	Off Street
SEWER	Public Sewer
STORIES	2
STYLE	Traditional
SUBDIVISION	Crawford-Woodhill
TAXES	1288
WATER	Public

Location

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Listing provided by: Scott A Marvin | 614-382-2124, Team Results Realty, 614-382-2124, scottamarvin@gmail.com

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