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981 Thornhill Dr, Cleveland, OH, 44108

7beds
3baths
2,772sqft
$175,000
$63price/sqft
$1,888/moest. monthly cost
$75,520/yrincome needed

About This Home

Welcome ALL Investors!!! Immediate Cash-flow and a unique opportunity comes with this property of having PRE-PAID RENT through December paid at closing!! You don't want to miss this recently renovated Triplex with a converted third floor 1 bedroom 1 bath suite. Just minutes away from the robust Downtown Cleveland area, Wade Oval Circle, major health-care facilities and Cleveland's Metro revitalization areas, you will find this nicely renovated property. It sits across from a beautiful and well maintained park, which makes for relaxing moments sitting on the porch enjoying the view. The property has a new roof and gutters, vinyl siding and all new windows. Each unit has updated bathrooms, and new flooring throughout. All major systems are in good condition and functioning well. There's also a full dry basement with storage units that brings in extra revenue per month on a month to month basis. Look no further, add this income-producing property to your portfolio.

Getting Around

64
WalkingSomewhat Walkable
52
TransitGood Transit
46
BikeSomewhat Bikeable

Schools

3/10
3/10
Glenville High SchoolGrades 2,8-120.7 mi
4/10

Construction

Condition

  • Year built: 1918

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Concrete,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Finished area above ground: 2,772

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 2,772
  • Total interior livable area: 2,772 sqft

Property

Details

  • Parcel number: 11012014
  • Special condition: Standard

Features

  • Levels: One,Three Or More
  • Stories: 3

Lot

  • Lot size: 5,292 sqft

Parking

  • Parking features: Driveway

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 $884$10,608
Home Insurance *$432$5,184
Property Taxes $275$3,300
Electricity $297$3,567
Total$1,888$22,656
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,731/yr
40% on housing$56,640/yr
45% on housing$50,346/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

$63This 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)

Price History

DateEventPrice
2026-08-10Price change$165,000
2026-08-01Listed for sale$175,000
2025-11-03Sold$62,000
2016-03-22Sold$2,500
2015-05-12Sold$3,334

For Sale by Agent

AgentAlphadetta Briscoe
BrokerageKeller Williams Greater Metropolitan

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