1169 Melbourne Road
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12 photos

$130,000

1169 Melbourne Road
East Cleveland, OH 44112
Listed by Janet Hayward · Keller Williams Greater Metropolitan
Bedrooms
4
Bathrooms
1
Living area
2,072 sqft
Year built
1915

About this home

Investor Opportunity – Turnkey Rental with Long-Term Tenant in Place! Don't miss this income-producing investment property featuring a long-term Section 8 tenant who would like to remain, providing immediate rental income from day one. The property currently generates $12,504 in annual rental income, making it an attractive addition to any investment portfolio. This spacious Front Porch Colonial offers 4 bedrooms and 1 full bath with a classic layout that includes a welcoming living room with a fireplace, a formal dining room featuring built-in cabinetry, and an eat-in kitchen. Brand-new carpeting has been installed throughout, giving the interior a fresh, updated feel. Major mechanical and infrastructure updates include a furnace (2016), hot water tank (2020), newer electrical, and a waterproofed basement, helping reduce future maintenance concerns. Whether you're looking to expand your rental portfolio or purchase a stable, income-producing property, this home offers immediate cash flow with a reliable long-term tenant already in place.

Highlights

Fireplace

Property details

MLS #
5227133
Property type
SingleFamilyResidence
Subdivision
Carlyon
Status
Active
Days on market
20
On market date
July 10, 2026
Stories
N/A
Garage spaces
1
Lot size
0.086 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Mary M Bethune
0.57 mi away · Grades -1-8
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
253
Student:teacher ratio
11.0:1
District
Cleveland Municipal
Middle
W.H. Kirk Middle School
0.95 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
1.01 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

Mortgage calculator

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Est. monthly payment
$933/mo
$26,000 down
$104,000 loan
Principal & interest$675
Property tax (est.)$108
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 17 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.