Priced at $200,000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3,200,000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33,685/month in scheduled rental income ($404,220 annually). Based on provided income and property taxes, the portfolio produces approximately $344,121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33,685/month rental income • $404,220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!
Single-familyProperty Type
1930Year Built
4,399 sq ftLot Size
$134Price/Sq.Ft.
2 car garageParking
Listed by Jesse Kracht• Russell Real Estate Services
This charming 3 Bedroom / 1 bath colonial presents an excellent opportunity for renovation enthusiasts and first time buyers. The spacious layout includes a cozy living room and a sizeable kitchen that offers lots of potential for modern upgrades. Each bedroom features natural light and ample closet space. Outside, the property boasts a decent yard for landscaping possibilities and space for outdoor activities. This home is a blank canvas ready for your personal touch. Don't miss this opportunity, schedule a tour today!
Public Records
Dec 13, 2023
Sold
$127,671
$86/sq ft
Public Records
Jan 18, 2023
Sold
$100,000
$67/sq ft
Public Records
Mar 1, 1996
Sold
$65,000
$44/sq ft
MLSNOW #717105
Jun 26, 1995
Listed
$69,900
$47/sq ft
Public Records
Sep 26, 1984
Sold
$48,000
$32/sq ft
Public Records
Apr 1, 1978
Sold
$41,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,487 (+4.8%)
$8,160 + $41,130
$49,290
2024
$4,280 (+8.9%)
$8,160 + $41,130
$49,290
2023
$3,929 (+6.0%)
$5,880 + $28,280
$34,160
2022
$3,709 (+2.1%)
$5,880 + $28,280
$34,160
2021
$3,634 (+0.4%)
$5,880 + $28,280
$34,160
2020
$3,620 (+5.8%)
$5,290 + $25,480
$30,770
2019
$3,421
$5,290 + $25,480
$30,770
2018
$3,423 (−9.9%)
$5,290 + $25,480
$30,770
2017
$3,801 (+0.2%)
$6,300 + $25,550
$31,850
2016
$3,793 (+7.9%)
$6,300 + $25,550
$31,850
2015
$3,516 (−6.9%)
$6,300 + $25,550
$31,850
2014
$3,776
$6,790 + $27,440
$34,230
Public record
Public record
Zoning
Permits
Beds
3
Baths
1.5
Stories
2
Lot width
40 ft.
Lot depth
110 ft.
Lot size
4,400 Sq. Ft.
Year renovated
1962
Finished Sq. Ft.
1,492
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,492
Year built
1930
Style
Single Family Residential
County
Cuyahoga County
APN
68231030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 3, 2026.
A
Single Family Residential District
Cleveland Heights is a City primarily consisting of single-family residences, most of which are owner-occupied. Single-family residences are extremely sensitive to adverse effects from other land uses and require high standards for occupancy and use of the principal building as well as location and use of accessory buildings if these areas are to be maintained and to continue to be good places in which to live. In addition, certain parts of Cleveland Heights have been developed primarily with two-family residences having a similar character to the single-family districts, and it is appropriate that there be a zoning district for this distinctive use. Single-family and two- family district regulations are established to achieve the following particular objectives: (a) The AA Single-Family District is established to provide for single-family residential uses with a minimum lot size of 15,000 square feet, compatible with the existing larger lot developments in areas so defined, as a means of preserving the unique character of these areas.;(b) The A Single-Family District is established to provide for single-family residential uses on smaller lots with a minimum of 7500 square feet.; (c) The B Two-Family District is established to permit single-family units on lots with a minimum of 7,500 square feet and two-family residential uses with a minimum lot size of 10000 square feet.; (d) To encourage as a conditional use flexible residential development to promote creative and efficient use of land through unified development.;(e) To regulate the location and lot coverage of accessory uses, buildings and structures so as to permit such uses to be established and maintained in a manner which makes them compatible with the existing residential neighborhoods.; (f) To encourage sustainable development and practices in residential neighborhoods.
Oct 27, 2025 • Final
Apron/driveway/sidewalk
Grading
Sep 26, 2025 • Active
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44121
Average low and high temperatures (°F)
28
16
36
22
54
34
63
43
66
50
79
63
84
68
80
63
76
58
65
48
50
38
38
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1171 Quilliams Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $145,000 and $215,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $145K to $215K.