18707 Shawnee Avenue, Cleveland, OH 44119
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: scott a marvin
Office: team results realty
MLS#:5220372
Source:OH_NORMLS
Price summary
- Price:$139,000
- Price per sq. ft.:$138.45
About this home
ATTENTION INVESTORS: TURNKEY SECTION 8 CASH COW IN LAKE CORRIDOR POCKET — $1,691/MO WITH NEAR-TERM UPSIDE. 18707 Shawnee Ave is a strong income producer in Cleveland’s 44119 lake corridor, now generating $1,691/mo ($1,550 CMHA Section 8 plus $141/mo garage rent), and the current tenant becomes eligible to submit for a CMHA rent-increase request around the first week of July, giving the next owner a near-term shot at higher approved rents without changing occupants. Near the Euclid line, it benefits from high Euclid-influenced rent levels while keeping typically lower Cleveland taxes, and sits on a quiet, well-kept residential street where nearby homes are actively rented and units tend to lease quickly and stay full. Additional upside exists if the dry basement is finished and additional rooms are added to the existing bath setup, which could support higher future rent potential (buyer to verify with CMHA and market data). Turnkey rehab work is done: restored hardwoods, new kitchen flooring, fresh paint, brand-new appliances including a new stove, new sink and hardware, cosmetic refresh, fully fenced backyard, and enclosed detached garage that adds appeal and income. Residents have quick access to I-90, Euclid Beach Park, and Euclid Creek Reservation for lakefront and green space, making this pocket attractive to long-term renters. Lead-based paint testing has been completed and passed (report available), and the property delivers strong DSCR as part of a larger stabilized Section 8 portfolio—ideal for investors seeking immediate cash flow with clear, near-term upside drivers already in motion. Do not disturb tenants; 48-hour notice is required prior to showings (after approved offer)...
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Home facts
- Year built:1940
- Listing ID #:5220372
- Added:1 day(s) ago
- Updated:June 20, 2026 at 02:11 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:6
- Basement:Yes
- Basement Description:Full
- Living area:1,004 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:1,004 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Brick, Vinyl Siding
- Exterior Features:Deck, Patio
- Levels:2 Stories, 2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$139,000
- Price per sq. ft.:$138.45
- Tax amount:$1,897 (2025)
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:2
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