4011 Lancaster Rd, South Euclid, OH 44121

For sale

$200,000

Est. $1,442/mo —

•

1,393

sq ft

4011 Lancaster Rd, South Euclid, OH 44121

About this home

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

1947Year Built

10,249 sq ftLot Size

$144Price/Sq.Ft.

2 car garageParking

Listed by Jesse Kracht • Russell Real Estate Services

Contact: jessek.cst@gmail.com, 440-212-5656

Listing updated: Jul 3, 2026 at 03:54pm

Redfin checked: 2 minutes ago

•Source:MLSNOW #5224508

Payment calculator

$1,442 per month

Principal and interest$1,051

Property taxes

$321

HOA dues

Home insurance

$70

Utilities

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Adrian Elementary School

Public K-3 • Assigned • 1.1mi

9/10

Memorial Junior High School

Public 7-8 • Assigned • 2.0mi

5/10

Brush High School

Public 9-12 • Assigned • 2.3mi

5/10

Provided by GreatSchools

About Noble

Nela

Noble Nela, located between Noble Road and Nela Park, is a residential and commercial Cleveland Heights neighborhood with early-20th-century houses and a walkable strip of local storefronts. The neighborhood’s character concentrates around the Noble Road corridor near Roanoke Road, where corner groceries, carryout counters, and service shops keep the sidewalks active. Brick colonials and Tudor-inspired homes sit on leafy streets that slope toward Euclid Creek’s wooded edges. Nighttown anchors the area’s long-running live-music tradition, while Phoenix Coffee and the Dobama Theatre add a steady arts-and-cafe rhythm. Euclid Creek Reservation frames nearby trails and picnic clearings, giving the district a city-meets-park geography.

Provided by Walk Score and Local Logic

Offer insights

4011 Lancaster Rd · $200,000

Strong offer

$202K and above

75% chance or better to win

Why $202K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 17 days.

SALE-TO-LIST

Most homes are selling 1% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Interior features
Fireplace (1)

Bedrooms
Two main-level bedrooms

Bathrooms
One full bathroom on the main level

Laundry & utility
Main-level laundry

Heating & cooling
Radiant heating

Sale and tax history for 4011 Lancaster Rd

Sale History
Tax History

Date

Event

Price

MLSNOW #5224508

Jul 3, 2026

Listed

$200,000

$144/sq ft

MLSNOW #5139037

Aug 8, 2025

Relisted

—

Jul 19, 2025

Contingent

—

Jul 11, 2025

Listed

$169,000

$121/sq ft

MLSNOW #5102435

Mar 19, 2025

Sold

$130,000

$93/sq ft

Feb 28, 2025

Pending

—

Feb 26, 2025

Listed

$135,000

$97/sq ft

+16

Well-maintained ranch home featuring a stylish granite kitchen and an open-concept main living area. The main floor offers two comfortable bedrooms and a full bath, while the inviting sunroom with a wood-burning stove provides a cozy retreat overlooking the private backyard. Upstairs, the spacious finished bonus room offers endless possibilities—use it as an additional bedroom, home office, or extra storage. The attached two-car garage provides convenience and ample parking. Currently rented through July 2025, this home is a fantastic opportunity for investors or future homeowners alike!

Public Records

Nov 20, 2019

Sold

$80,000

$57/sq ft

MLSNOW #4144562

Nov 20, 2019

Listing Removed

—

Nov 20, 2019

Sold

$80,000

$57/sq ft

Nov 4, 2019

Contingent

—

Oct 20, 2019

Listed

$88,000

$63/sq ft

MLSNOW #2283170

Jun 12, 2006

Sold

$58,710

$42/sq ft

Apr 30, 2006

Listing Removed

—

Dec 20, 2005

Listed

$64,900

$47/sq ft

MLSNOW #2258416

Mar 31, 2006

Listing Removed

—

Dec 20, 2005

Listed

$69,900

$50/sq ft

MLSNOW #2226908

Dec 13, 2005

Listing Removed

—

Jul 13, 2005

Listed

$79,900

$57/sq ft

Public Records

Sep 25, 1990

Sold

$66,000

$47/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,856 (+9.5%)

$10,400 + $33,180

$43,580

2024

$3,520 (+23.8%)

$10,400 + $33,180

$43,580

2023

$2,844 (+0.5%)

$8,090 + $19,920

$28,010

2022

$2,829 (+0.7%)

$8,090 + $19,920

$28,010

2021

$2,810 (−12.5%)

$8,090 + $19,920

$28,010

2020

$3,211 (+13.8%)

$6,580 + $21,180

$27,760

2019

$2,823 (+0.5%)

$6,580 + $21,180

$27,760

2018

$2,810 (+4.9%)

$6,580 + $21,180

$27,760

2017

$2,679 (+0.6%)

$6,160 + $17,990

$24,150

2016

$2,662 (+15.8%)

$6,160 + $17,990

$24,150

2015

$2,298 (−4.3%)

$6,160 + $17,990

$24,150

2014

$2,402

$6,480 + $18,940

$25,420

Public record

Beds

Baths

Stories

Lot width

105 ft.

Lot depth

125 ft.

Lot size

10,250 Sq. Ft.

Year renovated

1979

Finished Sq. Ft.

1,053

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,053

Year built

1947

Style

Single Family Residential

County

Cuyahoga County

APN

70115022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 25, 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 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

South Euclid, OH • 44121

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

78/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.3 hrs

6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 4011 Lancaster Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $91,500 and $229,900.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $92K to $230K.

SOLD APR 24, 2026
$91,500 Last sold price
3 beds1 bath— sq ft
3936 Lancaster Rd, South Euclid, OH 44121
8 years newer
basement
SOLD MAR 23, 2026
$174,000 Last sold price
3 beds1.5 baths— sq ft
4031 Suffolk Rd, South Euclid, OH 44121
12 years newer
basement
SOLD FEB 20, 2026
$185,000 Last sold price
3 beds1.5 baths— sq ft
3790 Sherwood Rd, South Euclid, OH 44121
smaller lot
6 years newer
basement
SOLD MAY 7, 2026
$190,000 Last sold price
3 beds1.5 baths1,314 sq ft
3752 Wallingford Rd, South Euclid, OH 44121
$1/sq ft
smaller lot
5 years newer
SOLD APR 15, 2026
$225,000 Last sold price
3 beds1.5 baths1,707 sq ft
4051 Monticello Blvd, Cleveland Heights, OH 44121
$12/sq ft
smaller lot
2 years newer
SOLD MAY 22, 2026
$229,900 Last sold price
4 beds1.5 baths1,549 sq ft
862 Keystone Dr, Cleveland Heights, OH 44121
$4/sq ft
smaller lot
6 years older

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Details provided by MLSNOW and may not match the public record. Learn more.

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