$1,625,000
About this home
Fully occupied 9-property residential rental portfolio! Offered at $1,625,000, this established portfolio generates $12,674 in gross monthly rental income ($152,088 annually), with an estimated stabilized Net Operating Income (NOI) of $118,668 and a 7.30% capitalization rate. Located throughout Cleveland, Cleveland Heights, Euclid, and East Cleveland, this portfolio provides multiple rental income streams, and immediate cash flow. Currently operating at 100% occupancy, all but one property have undergone renovations, reducing anticipated immediate capital improvement needs. The utility structure supports operating performance, with tenants responsible for all gas and electric expenses and tenants at two properties also paying water and sewer. NOI includes property taxes, estimated insurance, previous operating expenses and an annual repairs and maintenance reserve. This portfolio includes: 1569 E 256th St, Euclid; 1285 E 137th St, East Cleveland; 1511 E 248th St, Euclid; 1371 E 185th St, Cleveland; 1463 Babbitt Rd, Euclid; 16112 Greyton Rd, East Cleveland; 16118 Greyton Rd, East Cleveland; 1005 Nela View Rd, Cleveland Heights; and 1435 Clermont Rd, Cleveland. Ideal for investors seeking to expand their holdings with an established, cash-flowing rental portfolio offering immediate income and long-term investment potential. Properties are offered together as a portfolio. Call today for more details!
Property details
- MLS
- NOWDD
- MLS #
- 5254224
- Property type
- Apartment
- Subdivision
- Frst Hill Overlook
- Status
- Active
- Days on market
- 3
- On market date
- October 16, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.1102 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
- 248
- Student:teacher ratio
- 22.5:1
- District
- East Cleveland City School District
- Enrollment
- 504
- Student:teacher ratio
- 11.7:1
- District
- Cleveland Heights-University Heights City
- Enrollment
- 607
- Student:teacher ratio
- 15.2:1
- District
- East Cleveland City School District
Walkability
Blended score for Cleveland Heights'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 Heights, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 2 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.