SingleFamilyResidence at 3606 E 54th Street, Cleveland
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$99,900

3606 E 54th Street
Cleveland, OH 44105
Listed by Christopher A Frederick · Coldwell Banker Schmidt Realty
Bedrooms
3
Bathrooms
1
Living area
1,728 sqft
Year built
1900

About this home

ATTENTION INVESTORS! Turnkey Section 8 rental with a quality tenant in place paying $1,137 per month who wishes to remain—providing immediate, stable cash flow from day one. Well-maintained 3-bedroom, 1-bath home offering strong rental appeal and consistent income potential. Property features durable vinyl windows and siding, adding to the low-maintenance exterior. Interior is clean and functional, making it ideal for long-term tenancy and minimal upkeep. Major updates include an updated furnace and 2025 hot water tank, providing added confidence for investors.Situated on a manageable lot, this property is perfect for investors seeking a reliable, cash-flowing asset with solid fundamentals. Strong rental income, solid condition, and a performing tenant make this an excellent addition to any investment portfolio. Do not disturb tenant. Very limited showings until accepted offer. No wholesalers. No owner financing. Serious, qualified investors only.

Property details

MLS
NOWDD
MLS #
5194231
Property type
SingleFamilyResidence
Subdivision
Joseph Stanley
Status
Active
Days on market
83
On market date
March 18, 2026
Stories
2
Total bathrooms
1
Garage spaces
2
Parking spaces
N/A
Lot size
0.96 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Mound Elementary School
0.27 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
371
Student:teacher ratio
13.3:1
District
Cleveland Municipal
Middle
Cuyahoga Hts Middle School
2.35 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
176
Student:teacher ratio
17.6:1
District
Cuyahoga Heights Local
HighCharter
George V. Voinovich High School
0.38 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
27
Student:teacher ratio
4.5:1
District
George V. Voinovich High School

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores12
Parks15
Schools14
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 83 days -- 32 more days than Cleveland's current average of 51 days.
For reference, the median list price across 2,461 active listings in Cleveland right now is $130,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$752/mo
$19,980 down
$79,920 loan
Principal & interest$518
Property tax (est.)$83
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.