$315,000
About this home
Incredible investor package featuring 3 fully occupied single-family homes in the highly cash-flowing 44105 ZIP code of Cleveland, OH! This turnkey portfolio is priced at $315,000.00 and delivers immediate, reliable cash flow from day one with a 0.00% vacancy rate. Boasting a massive 13.13% Capitalization Rate and a low 6.60x Gross Rent Multiplier (GRM), this strategic Cleveland package is optimized for maximum return on investment. The portfolio generates a robust Gross Annual Rent of $47,724.00. Overhead is exceptionally low with a streamlined Operating Expense Ratio (OER) of 13.36%, resulting in a strong Net Operating Income (NOI) of $41,347.20. Added stability includes one property backed by guaranteed, reliable CMHA subsidized housing funds, while the remaining homes feature verified net lease structures where tenants absorb 100% of standard utility outlays. This is a rare, low-maintenance asset package perfect for scaling your rental footprint in a strong rental market—add these high-yielding Cleveland homes to your portfolio today!
Property details
- MLS
- NOWDD
- MLS #
- 5250100
- Property type
- Other
- Subdivision
- Dippel & Pitras Resub
- Status
- Active
- Days on market
- 5
- On market date
- September 27, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.084 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
- 116
- Student:teacher ratio
- 12.9:1
- District
- Constellation Schools: Eastside Arts Academy
- Enrollment
- 176
- Student:teacher ratio
- 17.6:1
- District
- Cuyahoga Heights Local
- Enrollment
- 225
- Student:teacher ratio
- 32.1:1
- District
- Regent 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).
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 14 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.