15421 Parkgrove Avenue, Cleveland, OH 44110
Local realty services provided by:ERA Real Solutions Realty
Listed by:victoria wallis
Office:re/max crossroads properties
MLS#:5130237
Source:OH_NORMLS
Price summary
- Price:$143,500
- Price per sq. ft.:$106.53
About this home
Unlock exceptional investment opportunities with this renovated 4-bedroom, 1.5-bathroom home in Cleveland's thriving Waterloo Arts District! Offering easy access to major highways, you're just 4 minutes from Euclid Beach and 13 minutes from downtown Cleveland, perfectly balancing suburban charm with urban convenience. Key for investors, this property is a prime candidate for strong cash flow potential. It's located in a high-demand area ensuring sustained tenant interest. The home was extensively updated in 2022 with a new roof, new vinyl siding, and fresh interior/exterior paint, and is also Lead Certified for added peace of mind. Significant value-add potential exists as the property is currently tenant-occupied on a month-to-month lease at $1,250/month; however, the estimated Section 8 rent in this zip code is approximately $1,500/month, presenting a clear opportunity for immediate rental income increase. Furthermore, the property can be delivered vacant with just 30 days' notice, providing flexibility for owner-occupancy or securing a higher-paying tenant immediately. Consider this as a portfolio expansion opportunity, as it can be bundled with the adjacent property at 15417 Parkgrove Ave. Inside, discover charming hardwood floors throughout the first floor, a decorative fireplace with elegant wood moldings, and an updated kitchen featuring stylish LVP flooring that flows into the open dining area. The second floor has three bedrooms and a full bath, with a generous fourth bedroom on the third floor offering added privacy. This is a fantastic chance to acquire a well-maintained, updated property with clear income growth potential in a desirable and appreciating Cleveland neighborhood. Don't miss this chance to boost your investment portfolio! Call me for your private showing today!
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Home facts
- Year built:1920
- Listing Id #:5130237
- Added:66 day(s) ago
- Updated:August 16, 2025 at 02:12 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,347 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1920
- Building area:1,347 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$143,500
- Price per sq. ft.:$106.53
- Tax amount:$1,180 (2023)
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