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15332 Welton Drive

East Cleveland, OH 44112
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Bed 4

Bed

Bath 2

Bath

Acres0.10

Acre(Lot)

Strong turnkey investment opportunity at **15332 Welton Drive in East Cleveland**. This duplex features **two 2-bedroom, 1-bath units and is fully occupied with Section 8 tenants**, providing immediate and consistent cash flow from day one. Current in-place rent totals **$2,300 per month**, which is already **$140 per month above the current $2,160 HUD Fair Market Rent** for the property. The property is positioned as a stabilized, income-producing asset with an estimated **10.00% cap rate**. Located in East Cleveland's 44112 ZIP code near Cleveland Heights, the property offers convenient access to major employment centers, transportation routes, shopping, and other Greater Cleveland amenities. This property is also available as part of an attractive **four-duplex, eight-unit Clevela nd investment portfolio offered at $702,000**, giving buyers the opportunity to acquire a larger collection of income-producing and rent-ready assets within one transaction. The portfolio includes **15332 Welton Dr, 3611 E 116th St, 9223 Adams Ave, and 10906 Nelson Ave**, with more than **$120,000 in capital improvements** completed across the portfolio, including a combination of roofs, furnaces, hot water tanks, Lead Safe certifications, plumbing and sewer work, porches, gutters, windows, cabinets, appliances, and interior improvements. For investors looking to expand their Cleveland rental holdings, Welton offers an attractive combination of existing Section 8 occupancy, above-FMR rental income, and immediate cash flow, while the full portfolio provides additional scale and diversification across eight units. **No showings without an accepted offer.**

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Detail Ic Property Details

Property Type : Residential Income

Price : $175,500

AD Id : 91365177

MLS Id : 5246462

Beds : 4

Lot Size : 0.10 Acre

Tax Amount : $939

Year Built : 1915

Garage : 1

County : Cuyahoga

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Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 13 Has Basement: Yes
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Cooling: None

  • Building Information

    Year Built: 1915 Construction Materials: Wood Siding Stories: 2 Private Pool: No

  • Lot Information

    Main Square Feet: 0.1045 Acres Lot Size Acres: 0.1045 Lot Size Source: Assessor

    Property Information

    Subdivision: Euclid 08 Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 111

  • Listing Price Information

    Listing Price: $175500

  • Tax Information

    Parcel Number: 673-04-098 Tax Year: 2025 Annual Tax: $939 Tax Legal Desc: 44 SWP 92FT W OF WL RICHMOND PL

  • Parking Information

    Garage

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: E off of Shaw Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1868-1870 Lampson Road, East Cleveland, OH, 44112 $152,900 6 2 2,364 0.13 Acre
14912 Alder Avenue, East Cleveland, OH, 44112 $175,000 4 4 6,000 0.10 Acre
14624 Savannah Avenue, East Cleveland, OH, 44112 $84,900 4 2 2,801 0.07 Acre
14410 Northfield Avenue, East Cleveland, OH, 44112 $124,900 6 3 1,960 0.07 Acre
14304 Scioto Avenue, East Cleveland, OH, 44112 $39,900 4 2 1,822 0.08 Acre
14008 Shaw Avenue, East Cleveland, OH, 44112 $110,000 4 2 3,181 0.07 Acre
13508 Mann Avenue, East Cleveland, OH, 44112 $68,000 4 2 3,197 0.10 Acre
1248 E 137th Street, East Cleveland, OH, 44112 $37,900 6 2 2,909 0.11 Acre
1286 E 134th Street, East Cleveland, OH, 44112 $65,000 4 3 -- 0.08 Acre
1276 E 133rd Street, East Cleveland, OH, 44112 $45,000 4 2 1,698 0.08 Acre

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 10/06/2026 @ 22:21

MLS: 5246462 LISTED BY: Kim Lewis, Home Equity Realty Group 330-952-2244 SOURCE: MLS Now

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