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16304 Nela View Road

East Cleveland, OH 44112
  • $160,000
  • STATUS: Contingent
  • ON SITE: 39 Days
  • MLS #: 5200280
Under Contract
UPDATED: 70 min ago
$160,000
  • 6
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,042
    SQFT
  • $78
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

School District:
Listing courtesy of Premier Heights Realty LLC.
Listing information © 2026 YES-MLS.

Description

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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Listing information © 2026 YES-MLS. All rights reserved. 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 The Matheos Group | Keller Williams Citywide are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-05-19T07:08:25.337.
www.matheosoh.com/homes/175023276
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16304 Nela View Road East Cleveland, OH 44112

  • Price: $160,000
  • Status: Contingent
  • On Site: 39 Days
  • Updated: 70 min ago
  • MLS #: 5200280
6
Beds
2
Baths
0
½ Baths
0.1
Acres
2,042
SQFT
$78
$/SQFT
1924
Built
Neighborhood:
Euclid-Noble Dev Cos 01
County:
Cuyahoga
Area:
East Cleveland
School District:
East Cleveland CSD
Property Description
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)
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Vinyl Siding Garage YN No Levels Two Parking Features Driveway On Street Roof Shingle Waterfront YN No

Interior Features

Basement Unfinished Basement YN Yes Cooling None Cooling YN No Heating Forced Air Heating YN Yes Main Level Bathrooms 0

Property Features

Above Grade Finished Area 2042 Elementary School District East Cleveland CSD - 1812 Home Warranty YN No Middle Or Junior School District East Cleveland CSD - 1812 Property Sub Type Duplex Sewer Public Sewer Tax Annual Amount 1266 Township East Cleveland Water Source Public

Listing information © 2026 YES-MLS.
Listing provided courtesy of Premier Heights Realty LLC: 216-860-0005.
Listing information © 2026 YES-MLS. All rights reserved. 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 The Matheos Group | Keller Williams Citywide are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-05-19T07:08:25.337.
 
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The Matheos Group | Keller Williams Citywide
2001 Crocker Road #200
Westlake OH, 44145
Listing courtesy of Premier Heights Realty LLC.
Listing information © 2026 YES-MLS.