15018 Terrace Road, East Cleveland, OH 44112
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by:jermaine n brooks
Office:keller williams greater metropolitan
MLS#:5162885
Source:OH_NORMLS
Price summary
- Price:$149,900
- Price per sq. ft.:$44.05
About this home
A RARE OPPORTUNITY to own a property perfectly positioned in the heart of a city undergoing an undeniable renaissance. This stately 7 bedroom, 3.5-bath Colonial boasting over 3,400 + sq/ft of potential on a deep half-acre lot, making it a dream project for a savvy investor seeking value in one of Greater Cleveland’s most promising markets. The home’s timeless exterior and generous footprint evoke classic Cleveland architecture, while its size and structure allow for multiple income-producing configurations whether as a spacious single-family restoration, duplex/triplex conversion, or even a live-work creative space. The large parcel provides plenty of room for expansion, future ADU development, or enhanced outdoor amenities that can transform this into a true showpiece property. Beyond its strong bones and impressive scale, the location is TRULY SPECIAL. East Cleveland is in the midst of a revitalization, fueled by major investments and redevelopment projects spreading from Circle East, University Circle, Glenville, and Circle North. With its proximity to University Circle’s hospitals, museums, and cultural institutions, this address stands at the gateway to both opportunity and appreciation. For investors with vision, this home represents the chance to participate in East Cleveland’s comeback story. Its generous layout and half-acre lot provide unmatched flexibility ideal for repositioning into high-end rentals, multifamily housing, or a signature renovation project that sets the tone for the neighborhood. With proper upgrades, this Colonial can deliver strong returns while contributing to the city’s broader transformation. This isn’t just a property it’s a cornerstone investment in the next chapter of East Cleveland’s growth. Schedule your showing today and seize the opportunity to be part of the movement. Buyer to assume POS Violations. Property sold AS IS. Seller to review all reasonable offers!!!
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Home facts
- Year built:1925
- Listing ID #:5162885
- Added:1 day(s) ago
- Updated:October 10, 2025 at 02:16 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Living area:3,403 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Hot Water, Radiators, Steam
Structure and exterior
- Roof:Asphalt
- Year built:1925
- Building area:3,403 sq. ft.
- Lot area:0.56 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$149,900
- Price per sq. ft.:$44.05
- Tax amount:$2,314 (2024)
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