16304 Nela View Road, East Cleveland, OH 44112

East Cleveland
Local realty services provided by:ERA Real Solutions Realty
16304 Nela View Road,East Cleveland, OH 44112
$160,000
Virtual Tour
  • 6 Beds
  • 2 Baths
  • 2,042 sq. ft.
  • Multi-family
  • Pending
Listed by: jullian vaughn
Office: premier heights realty llc.
MLS#:5200280
Source:OH_NORMLS

Price summary

  • Price:$160,000
  • Price per sq. ft.:$78.35

About this home

Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor’s portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP. Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won’t want to miss! Can be sold as a package deal! (5200289), (5200292), (5200294)

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Home facts

  • Year built:1924
  • Listing ID #:5200280
  • Added:10 day(s) ago
  • Updated:April 20, 2026 at 01:49 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:12
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,042 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1924
  • Building area:2,042 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$160,000
  • Price per sq. ft.:$78.35
  • Tax amount:$1,266 (2025)

Parking

  • Parking description:Driveway
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