ATTENTION INVESTORS! Solid, tenant-occupied 3-bedroom, 1-bath colonial offering strong rental appeal and immediate cash flow. This property features a reliable tenant in place paying $1,250 per month (not Section 8). The home offers a functional layout with spacious living areas and classic colonial charm that continues to attract long-term tenants. Additional highlights include a basement providing ample storage and potential for added value. This is a low-maintenance, easy-to-manage asset ideal for both new and seasoned investors looking to expand their portfolio with a performing property from day one. Conveniently located in an area with consistent rental demand. Do not disturb tenant. Showings after accepted offer only. No wholesalers. No owner financing. Qualified buyers only.
Single-familyProperty Type
1927Year Built
5,841 sq ftLot Size
1 car garageParking
Listed by Adrian Frederick• Coldwell Banker Schmidt Realty
Listed by Christopher Frederick• Coldwell Banker Schmidt Realty
North Shore Collinwood, located between Euclid Beach Park and the Lake Erie shoreline, is a residential and lakeside Cleveland neighborhood with a bluff-top parkland edge and a grid of early-20th-century houses. The neighborhood’s character concentrates around the E 185th St and Lakeshore Blvd corridor, where corner storefronts, takeout counters, and everyday services line the street near the lake breeze. Euclid Beach Park anchors the waterfront with broad lawns and lake views tied to the area’s amusement-park past. The Waterloo Arts District adds a creative counterpoint through Beachland Ballroom and the Cleveland Public Theatre. Streets of porches and compact yards set a steady, lived-in rhythm, while lakefront paths and pocket parks shape daily routines.
Provided by Walk Score and Local Logic
Offer insights
18315 Marcella Rd · $120,000
$121K and above
75% chance or better to win
Why $121K+ is a strong offer
DAYS ON MARKET
112 days
The average home goes pending in 17 days.
SALE-TO-LIST
100.7%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement
Bedrooms
6 total rooms (bedroom count not specified)
Bathrooms
1 full bathroom
Heating & cooling
Forced air heating
Exterior features
Yard on a 0.1341-acre lot
Home design
Brick and vinyl siding construction
Asphalt/fiberglass roof
Parking
Detached garage with driveway (1 garage space)
Construction
Brick and vinyl siding construction
Asphalt and fiberglass roof
Utilities
Public water
Public sewer
Financial info
Annual tax amount listed (not included per instructions)
Electricity and solar
View estimated energy costs and solar savings for this home
Spacious 3 bedroom colonial located near the North Colinwood/Euclid Border, just moments from the popular Waterloo Arts District. This home has been well maintained and features original hardwood floors, quaint built ins, and a spacious floor plan. Three generous sized bedrooms are located on the second floor, all with spacious closets. Updates made to the kitchen and bathroom.
Public Records
Jun 28, 2019
Sold
$60,000
Public Records
Nov 29, 2018
Sold
$46,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,435 (+2.0%)
$7,700 + $28,700
$36,400
2024
$2,386 (+49.8%)
$7,700 + $28,700
$36,400
2023
$1,593 (+0.6%)
$6,510 + $14,490
$21,000
2022
$1,584 (+1.0%)
$6,510 + $14,490
$21,000
2021
$1,568 (−41.3%)
$6,510 + $14,490
$21,000
2020
$2,671 (+24.9%)
$5,710 + $20,440
$26,150
2019
$2,139 (+2.8%)
$5,710 + $20,440
$26,150
2018
$2,081 (+4.3%)
$5,710 + $20,440
$26,150
2017
$1,995 (+0.8%)
$4,590 + $19,600
$24,190
2016
$1,979
$4,590 + $19,600
$24,190
2015
$1,978 (+12.2%)
$4,590 + $19,600
$24,190
2014
$1,763
$4,100 + $17,500
$21,600
Public record
Beds
3
Baths
1
Stories
2
Lot width
40 ft.
Lot depth
146 ft.
Lot size
5,840 Sq. Ft.
Year renovated
1962
Finished Sq. Ft.
1,476
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,476
Year built
1927
Style
Single Family Residential
County
Cuyahoga County
APN
11308038
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 24, 2026.
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
3/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
6 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Cleveland, OH • 44119
Average low and high temperatures (°F)
29
19
35
23
51
35
59
45
64
53
75
65
81
70
77
66
74
61
64
51
51
41
39
29
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.
8.9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 18315 Marcella Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $92,500 and $140,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $93K to $140K.