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513 E 117th St, Cleveland, OH, 44108

8beds
4baths
4,000sqft
$259,000
$65price/sqft
$2,785/moest. monthly cost
$111,400/yrincome needed

About This Home

Welcome to 513 E 117th. Seller is looking for a quick close as the previous buyer disappeared at closing and has taken a 20k price cut to facilitate this. The property appraised for full value at its original listed price. This building is an investors dream. A complete rehab was just done on this brick building making the building virtually worry free. Currently all of the four units are occupied. All units are rented for $900 each with a gross rent of $3600 a month. The building has been totally remodeled and lead abated. New roof 2025, new glass block windows 2025, new electric service 2025 and new windows 2026 complete the exterior of this brick building. Inside new HVAC 2025, new hot water tanks 2025, new breaker boxes 2025, updated electric 2025, updated plumbing 2025, new flooring 2026, fresh paint 2026. The finishing touches are in the process of being done. This is a must add to real-estate portfolio.

Getting Around

67
WalkingSomewhat Walkable
46
TransitSome Transit
50
BikeBikeable

Schools

3/10
Glenville High SchoolGrades 2,8-120.3 mi
3/10
4/10

Construction

Condition

  • Property condition: Updated/Remodeled,Unknown
  • Year built: 1920

Materials

  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Common Basement,Concrete

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Finished area above ground: 4,000

Heating & Cooling

  • Heating features: Forced Air,Gas
  • Cooling features: None

Interior Area

  • Total structure area: 4,000
  • Total interior livable area: 4,000 sqft

Property

Details

  • Parcel number: 11105109
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 6,000 Acres

Parking

  • Parking features: On Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,309$15,708
Home Insurance *$640$7,680
Property Taxes $407$4,884
Electricity $429$5,148
Total$2,785$33,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$95,485/yr
40% on housing$83,550/yr
45% on housing$74,266/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$65This listing

vs Other Active Listings

Avg $/sqft

ZIP 44108$78
Cuyahoga County$124

vs Homes Sold Last Month

Median $/sqft

ZIP 44108$63
Cuyahoga County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-08Price change$239,000
2026-07-24Price change$259,000
2026-05-29Listed for sale$279,000
2026-05-01Pending sale$279,000
2026-03-21Listed for sale$279,000
2025-04-28Sold$55,500
2025-04-07Pending sale$75,000
2025-03-05Price change$75,000
2025-02-03Pending sale$99,000
2024-12-02Listed for sale$99,000
2024-10-03Pending sale$99,000
2019-02-05Sold$109,000
2010-07-18Listing removed$7,200
2010-06-03Price change$7,200
2010-05-12Listed for sale$12,127
2002-11-15Sold$66,500

For Sale by Agent

AgentBlake J Alterman
BrokerageKey Realty

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