$100,000
About this home
Investor Alert! Don't miss this turnkey investment opportunity at 685 E. 131st Street, Cleveland, OH 44108. This updated 3-bedroom, 1-bath home offers approximately 1,205 square feet of living space and is positioned in a strong rental market with consistent demand. What makes this opportunity stand out? The seller is willing to place a Section 8 tenant prior to closing, providing the potential for immediate cash flow and a streamlined path to rental income from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a performing asset, this property checks all the boxes. Recent updates, strong rental potential, and the opportunity for guaranteed rental income make this a compelling addition to any investment strategy. Opportunities like this don't last long—schedule your showing today and secure your next cash-flowing asset before it's gone!
Highlights
Property details
- MLS
- NOWDD
- MLS #
- 5218528
- Property type
- SingleFamilyResidence
- Subdivision
- Penobscot Ave
- Status
- Active
- Days on market
- 14
- On market date
- June 12, 2026
- Stories
- N/A
- Total bathrooms
- 1
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.1172 acres
Location
Get directions →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.
- Enrollment
- 537
- Student:teacher ratio
- 14.9:1
- District
- Citizens Leadership Academy East
- Enrollment
- 339
- Student:teacher ratio
- 14.1:1
- District
- East Cleveland City School District
- Enrollment
- 560
- Student:teacher ratio
- 15.6:1
- District
- Cleveland Municipal
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).
Market position
How this listing compares to current activity in Cleveland, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 26, 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.