Local realty services provided by:ERA Real Solutions Realty
Listed by: brett munich
Office: keller williams greater metropolitan
MLS#:5181494
Source:OH_NORMLS
Price summary
- Price:$115,000
- Price per sq. ft.:$74.87
About this home
Cash-flowing duplex that outperforms the classic 1% rental rule, with tenant in place on Cleveland’s northeast side near South Collinwood. Currently generating $1,100 per month in rental income, and a tenant lined up at $900, this property delivers immediate cash flow with recent improvements already completed—making it a strong, low-friction addition to an investment portfolio.
The first-floor unit has been refreshed with new carpet and fresh paint throughout the walls, trim, and cabinets. Kitchen features include laminate countertops and freshly painted cabinetry. Major capital improvements include a new electrical panel, new main plumbing stack with updated basement plumbing, newer appliances, and updated windows in the first-floor unit—helping reduce near-term capital expenses.
The second-floor unit includes an enclosed balcony, providing additional usable space. Located minutes from Interstate 90, Glenville High School, and the Waterloo Arts District, the property offers strong accessibility and consistent rental demand.
Turnkey rental suitable for market-rate or housing voucher programs, offering flexibility for investors seeking reliable income, proven performance, and minimal upfront work.
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Home facts
- Year built:1912
- Listing ID #:5181494
- Added:8 day(s) ago
- Updated:January 28, 2026 at 03:11 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,536 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1912
- Building area:1,536 sq. ft.
- Lot area:0.05 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$115,000
- Price per sq. ft.:$74.87
- Tax amount:$2,175 (2025)
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