1848 Stanwood Road
East Cleveland, OH 44112
4
Bed
1
Bath
1,894Sqft
0.13Acre(Lot)
Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant w
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 11 Has Basement: Yes Basement: Unfinished -
Roofing Information
Slate -
Interior Features
Roof: Slate -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Cooling: None
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Building Information
Year Built: 1899 Construction Materials: Aluminum Siding Stories: 3 Private Pool: No
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Lot Information
Main Square Feet: 0.1286 Acres Lot Size Acres: 0.1286 Lot Size Source: AssessorProperty Information
Subdivision: Grasmere Allotment Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: North Levels: Three Or More Property Age: 127
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Listing Price Information
Listing Price: $124900 Cash, Conventional
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Tax Information
Parcel Number: 673-09-033 Tax Year: 2025 Annual Tax: $1130.98 Tax Legal Desc: 45 GRASMERE 0060 ALL
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Parking Information
Driveway, Garage, Off StreetGarage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: From I-90 East or West (take Exit 177B – E. 152nd St / Saint Clair Ave): Take Exit 177B toward E. 152nd St / Saint Clair Ave Turn right onto E. 152nd St (heading south) Go 0.3 miles, turn left onto Saint Clair Ave (eastbound) Go 0.2 miles, turn right onto Stanwood Rd Destination will be on your right in 0.1 miles From I-90 East only (alternate – Exit 178B – E. 185th St): Take Exit 178B for E. 185th St south Follow E. 185th St for 0.5 miles Turn right onto Saint Clair Ave Go 0.4 miles, turn left onto Stanwood Rd Destination on your right in 0.1 miles WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2370 N Taylor Road, East Cleveland, OH, 44112 | $150,000 | 3 | 2 | -- | |
| 16173 Glynn Road, East Cleveland, OH, 44112 | $105,000 | 4 | 2 | 2,094 | 2,094 SqFt |
| 1854 Burnette Avenue, East Cleveland, OH, 44112 | $107,000 | 4 | 2 | 1,856 | 1,856 SqFt |
| 15703 Hazel Road, East Cleveland, OH, 44112 | $145,000 | 4 | 3 | 1,872 | 1,872 SqFt |
| 1888 Beersford Road, East Cleveland, OH, 44112 | $48,000 | 6 | 3 | 3,121 | 3,121 SqFt |
| 14705 Alder Avenue, East Cleveland, OH, 44112 | $61,500 | 5 | 2 | 1,733 | 1,733 SqFt |
| 1322 Shawview Avenue, East Cleveland, OH, 44112 | $110,000 | 4 | 1 | 1,344 | 1,344 SqFt |
| 14609 Alder Avenue, East Cleveland, OH, 44112 | $67,400 | 3 | 2 | -- | |
| 14407 Northfield Avenue, East Cleveland, OH, 44112 | $75,000 | 4 | 1 | -- | |
| 1330 Elwood Road, East Cleveland, OH, 44112 | $60,000 | 3 | 1 | 1,660 | 1,660 SqFt |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 06/22/2026 @ 21:18
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