3040 E 126th St, Cleveland, OH, 44120
About This Home
Attention investors! Don't miss this turnkey, income-producing two-family property generating $2,322 per month in rental income with both units currently occupied and being professionally managed. In 2024 this home was renovated with updated kitchens and bathrooms, interior paint, new carpet and new hot water tanks, offering a peace of mind and minimal maintenance for years to come. Downstairs unit has 2 beds and 1 bath. Up unit has 2 beds/1 bath and includes a finished 3rd floor with 1 bed and 1 full bath making this unit a 3/2. Whether you're looking to expand your portfolio or purchase your first investment property, this cash-flowing duplex is a fantastic opportunity with reliable rental income already in place. Start earning from day one!! Conveniently located near Shaker Square, parks, schools and restaurants.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Roof: Asphalt
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 2,250
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Property
Details
- Parcel number: 12924030
Features
- Levels: Three Or More
- Stories: 3
Lot
- Lot size: 6,721 sqft
Parking
- Total spaces: 2
- Parking features: Detached,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $834 | $10,008 |
| Home Insurance * | $263 | $3,156 |
| Property Taxes | $259 | $3,108 |
| Electricity | $241 | $2,895 |
| Total | $1,597 | $19,164 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Listed for sale | $175,000 |
| 2026-07-17 | Contingent | $165,000 |
| 2026-07-16 | Listed for sale | $165,000 |
| 2024-04-05 | Sold | $155,000 |
| 2024-03-11 | Pending sale | $149,900 |
| 2024-03-05 | Listed for sale | $149,900 |
| 2023-12-06 | Listing removed | -- |
| 2023-10-28 | Pending sale | $70,000 |
| 2023-10-27 | Listed for sale | $70,000 |
| 2023-09-27 | Pending sale | $70,000 |
| 2023-09-15 | Listed for sale | $70,000 |
| 2023-08-01 | Listing removed | -- |
| 2023-07-23 | Listed for sale | $70,000 |
| 2022-11-08 | Sold | $50,000 |
| 2022-09-29 | Listed for sale | $54,900 |
| 2022-05-25 | Sold | $15,000 |
View on Zillow