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
1925Year Built
7,984 sq ftLot Size
$107Price/Sq.Ft.
1 car garageParking
Listed by Jesse Kracht• Russell Real Estate Services
Motivated Seller! Huge price reduction! Charming 4-Bedroom Colonial in the heart of Cleveland Heights! This spacious home features a classic layout with a bright living room, formal dining room, and a functional kitchen on the main floor. Upstairs offers three comfortable bedrooms and a full bath, with a large fourth bedroom located on the third floor—perfect as a guest room, office, or studio. The basement includes laundry facilities and a convenient half bath. Situated on a lovely yard, the home also boasts many recent updates throughout. A great opportunity to own a well-maintained home in a sought-after neighborhood!
MLSNOW #5131083
Jun 12, 2025
Listed
$185,000
$99/sq ft
Jun 12, 2025
Listing Removed
—
MLSNOW #5089334
Jun 10, 2025
Listing Removed
—
Apr 21, 2025
Price Changed
$169,900
$91/sq ft
Jan 13, 2025
Price Changed
$179,900
$96/sq ft
Dec 20, 2024
Price Changed
$189,999
$101/sq ft
Dec 11, 2024
Listed
$199,999
$107/sq ft
MLSNOW #4405550
Nov 30, 2022
Listing Removed
—
Sep 1, 2022
Listed
$157,000
$84/sq ft
MLSNOW #4198877
Dec 21, 2020
Listing Removed
—
Aug 24, 2020
Price Changed
$110,000
$59/sq ft
Jul 21, 2020
Price Changed
$115,000
$61/sq ft
Jun 30, 2020
Price Changed
$118,000
$63/sq ft
Jun 21, 2020
Listed
$123,000
$66/sq ft
MLSNOW #4157367
Jan 7, 2020
Delisted
—
Dec 27, 2019
Listed
$126,000
$67/sq ft
Public Records
Sep 29, 2017
Sold
$76,500
$41/sq ft
MLSNOW #3918932
Sep 12, 2017
Pending
—
Sep 3, 2017
Contingent
—
Aug 30, 2017
Price Changed
$79,900
$43/sq ft
Aug 3, 2017
Price Changed
$86,500
$46/sq ft
Jun 30, 2017
Listed
$98,900
$53/sq ft
MLSNOW #3897557
Apr 28, 2017
Listing Removed
—
Apr 26, 2017
Listed
$95,000
$51/sq ft
MLSNOW #3060123
Feb 14, 2010
Listing Removed
—
Aug 14, 2009
Listed
$87,900
$47/sq ft
MLSNOW #3054335
Jul 28, 2009
Listing Removed
—
Jul 27, 2009
Listed
$99,500
$53/sq ft
MLSNOW #3009198
Apr 17, 2009
Sold
$22,500
$12/sq ft
Mar 2, 2009
Listed
$21,000
$11/sq ft
Public Records
Feb 10, 1999
Sold
$65,000
$35/sq ft
MLSNOW #935057
Oct 13, 1998
Listed
$74,000
$39/sq ft
MLSNOW #850494
Jul 14, 1997
Listing Removed
—
Jan 14, 1997
Listed
$74,500
$40/sq ft
Public Records
Apr 28, 1989
Sold
$49,900
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,396 (−2.0%)
$11,130 + $40,880
$52,010
2024
$4,488 (+35.1%)
$11,130 + $40,880
$52,010
2023
$3,322 (+0.5%)
$8,820 + $20,900
$29,720
2022
$3,306 (+2.0%)
$8,820 + $20,900
$29,720
2021
$3,241 (−19.8%)
$8,820 + $20,900
$29,720
2020
$4,040 (+5.7%)
$7,950 + $25,870
$33,820
2019
$3,821
$7,950 + $25,870
$33,820
2018
$3,823 (−0.6%)
$7,950 + $25,870
$33,820
2017
$3,847 (+0.2%)
$7,210 + $23,730
$30,940
2016
$3,840 (+9.7%)
$7,210 + $23,730
$30,940
2015
$3,500 (−7.0%)
$7,210 + $23,730
$30,940
2014
$3,763
$7,740 + $25,550
$33,290
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
2
Lot width
60 ft.
Lot depth
121 ft.
Lot size
7,986 Sq. Ft.
Year renovated
1962
Finished Sq. Ft.
1,576
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,576
Year built
1925
Style
Single Family Residential
County
Cuyahoga County
APN
68308037
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 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.
Jun 6, 2017 • Final
Migrated
Perform partial work on a sidewalk.
Grading
Apr 29, 2010 • Final
Migrated
Grading
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 96° expected this year, 15 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 Heights, 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
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1509 Maple Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $90,100 and $225,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $90K to $225K.