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$133,333
16 Days On Site

387 Cleveland Road
Cleveland, OH 44108

For Sale|Single Family Residence|Active
3
Beds
1
Total Bath
1
Full Bath
1,248
SqFt
$107
/SqFt
1915
Built
Subdivision:
L M Southern Forest Park
County:
Cuyahoga
Call Now: 440-617-2500
Is this the listing for you? We can help make it yours.
440-617-2500
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Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio’s most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you’ll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland’s rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let’s connect.

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Listing Snapshot
Price 
$133,333
Days On Site 
16 Days
Bedrooms 
3
Inside Area (SqFt) 
1,248 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
0.0918 Acres
Year Built 
1915
MLS® Number 
5134295
Status 
Active
Property Tax 
$1,210.24
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.0918
Number Of Stories 
2
Parking 
Driveway
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
1248
Stories 
Two
Style 
Colonial
Water Source 
Public
Interior Features
Basement 
Full
Cooling 
Window Unit(s)
Heating 
Forced Air
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Exterior Features
Construction Details 
Wood Siding
Roof 
Asphalt
Community Features
School District 
Cleveland Municipal - 1809
Township 
Cleveland
Schools
School District
Cleveland Municipal - 1809
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Shoshana Socher of Keller Williams Greater Metropolitan



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2025 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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