15332 Welton Drive, East Cleveland, OH 44112

East Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Central
15332 Welton Drive,East Cleveland, OH 44112
$162,500
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kim lewis, garrett rowan
Office: home equity realty group
MLS#:5246462
Source:OH_NORMLS

Price summary

  • Price:$162,500

About this home

Strong turnkey investment opportunity at **15332 Welton Drive in East Cleveland**. This duplex features **two 2-bedroom, 1-bath units and is fully occupied with Section 8 tenants**, providing immediate and consistent cash flow from day one. Current in-place rent totals **$2,300 per month**, which is already **$140 per month above the current $2,160 HUD Fair Market Rent** for the property. The property is positioned as a stabilized, income-producing asset with an estimated **10.00% cap rate**. Located in East Cleveland's 44112 ZIP code near Cleveland Heights, the property offers convenient access to major employment centers, transportation routes, shopping, and other Greater Cleveland amenities. This property is also available as part of an attractive **four-duplex, eight-unit Cleveland investment portfolio offered at $702,000**, giving buyers the opportunity to acquire a larger collection of income-producing and rent-ready assets within one transaction. The portfolio includes...

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Home facts

  • Year built:1915
  • Subdivision & Development:Euclid 08
  • Listing ID #:5246462
  • Added:53 day(s) ago
  • Updated:November 12, 2026 at 04:12 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:13
  • Basement:Yes

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1915
  • Lot area:0.1 Acres
  • Construction Materials:Wood Siding
  • Foundation Description:Slab
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$162,500
  • Tax amount:$939 (2025)

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:1
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