387 Cleveland Road
Cleveland, OH 44108
Map
- 3 beds
- 1 bath
- 1,248 sqft
- $106 per sqft
- 1915 build
- – on site
Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio’s most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you’ll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,335. Gross Monthly Rent Per Unit = $1,362. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland’s rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let’s connect.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 27, 2025
•
MLS# 5134295 —
The Building
-
Year Built:1915
-
Year Built Source:PublicRecords
-
Construction Materials:WoodSiding
-
Architectural Style:Colonial
-
Roof:Asphalt
-
Levels:Two
-
Stories:2
-
Basement:Full
-
Basement:true
-
Above Grade Finished Area:1248.0
-
Above Grade Finished Area Source:Assessor
Interior
-
Rooms Total:7
-
Fireplace:false
Room Dimensions
-
Living Area:1248.0
-
Living Area Units:SquareFeet
Financial & Terms
-
Possession:DeliveryOfDeed,Negotiable,Other
Location
-
Directions:Left on Cleveland Rd.
-
Longitude:-81.5952519
-
Latitude:41.54707148
The Property
-
Property Type:Residential
-
Property Subtype:SingleFamilyResidence
-
Property Subtype Additional:SingleFamilyResidence
-
Parcel Number:111-18-017
-
Lot Size Acres:0.0918
-
Lot Size Area:0.0918
-
Lot Size Units:Acres
-
Lot Size Source:Assessor
-
Waterfront:false
-
Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 255-7377
- Office phone:
- (216) 839-5500
Taxes
-
Tax Year:2024
-
Tax Legal Description:358 SOUTHERN 0165 ALL
-
Tax Annual Amount:$1,210.24
Beds
-
Bedrooms Total:3
Baths
-
Total Baths:1
-
Full Baths:1
The Listing
-
Home Warranty:false
-
Special Listing Conditions:Standard
Heating & Cooling
-
Heating:ForcedAir
-
Heating:true
-
Cooling:WindowUnits
-
Cooling:true
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
Elementary School District:Cleveland Municipal - 1809
-
Middle School District:Cleveland Municipal - 1809
-
High School District:Cleveland Municipal - 1809
The Community
-
Subdivision Name:L M Southern Forest Park
-
Association:false
-
Pool Private:false
Parking
-
Parking Features:Driveway
-
Garage:false
-
Attached Garage:false
-
Carport:false
Monthly cost estimate
Asking price
$133,333
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$713
|
| Taxes | $100 |
| Insurance | $36 |
| Utilities | $158 See report |
| Total | $1,007/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/27/25
Jun 27, 2025
|
Listed / Active | MLS_NOW | $133,333 | 1739.1% (176.0% / YR) |
|
6/8/23
Jun 8, 2023
|
Price Changed | MLS_NOW | ||
|
6/4/23
Jun 4, 2023
|
Relisted | MLS_NOW |
