INNOVATE Real Estate
Two-story residence featuring light-colored siding, a covered porch with pillars, and a concrete driveway - 749 E 131st Street, Cleveland
SingleFamilyResidence at 749 E 131st Street, Cleveland, photo 2 of 3
Two-story siding exterior with a side entrance - 749 E 131st Street, Cleveland
3 photos

$99,900

749 E 131st Street
Cleveland, OH 44108
Listed by Gabriel Newberry · Lokal Real Estate, LLC.
Bedrooms
3
Bathrooms
1
Living area
1,014 sqft
Year built
1916

About this home

Investors, here’s your chance to own a fully updated, cashflowing Section 8 property with strong upside potential. This 3-bedroom, 1-bath home also features a bonus room on the second floor. Currently, the property is generating $1,500 per month with CMHA paying 100% of the rent. The home is lead certified and has undergone significant updates, including a new furnace (2018), hot water tank (2018), electrical (2018), plumbing (2018), updated bathroom (2018), updated kitchen (2018), new flooring (2018), and a roof (2020), windows (2018), ext./int. paint (2018), gutters (2026), new plumbing stack (2026) and more. With all major systems recently updated, this property is truly turnkey—offering minimal maintenance, immediate cash flow, and the security of guaranteed rent in a high-demand rental area. Don't miss out! Reach out to listing agent for walkthrough videos.

Property details

MLS
NOWDD
MLS #
5252132
Property type
SingleFamilyResidence
Subdivision
Elworthy-Helwick Companys Frs
Status
Active
Days on market
4
On market date
October 12, 2026
Stories
2
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.062 acres

Location

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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.

ElementaryCharter
Citizens Leadership Academy East
0.23 mi away · Grades 0-8
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
537
Student:teacher ratio
14.9:1
District
Citizens Leadership Academy East
Middle
W.H. Kirk Middle School
0.91 mi away · Grades 6-8
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
339
Student:teacher ratio
14.1:1
District
East Cleveland City School District
High
Glenville High School
0.79 mi away · Grades 7-12
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
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).

70
Walkable
out of 100
EPA National Walkability Index
10.0 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks7
Schools14
Transit stops20
Pharmacies2

Market position

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

On the market 4 days -- 46 fewer days than Cleveland's current average of 50 days.
For reference, the median list price across 2,617 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 5 days ago.

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.