1848 Stanwood Road
East Cleveland, OH, 44112
Price$124,900
Beds4
Baths1
SqFt1,894
Baths1
SqFt1,894
Status:Active
Property Type:Residential
School:East Cleveland CSD – 1812
Property Type:Residential
School:East Cleveland CSD – 1812
Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.
| Price | $124,900 | |
| Bedrooms | 4 | |
| Full Baths | 1 | |
| Half Baths | 0 | |
| Total Baths | 1 | |
| Property Style | Colonial | |
| Lot Size Area | 0.1286 | |
| Lot Size Area Units | Acres | |
| Acres | 0.1286 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Stories | 3 | |
| Year Built | 1899 | |
| Fireplaces | 1 | |
| Subdivision | Grasmere Allotment | |
| Roof | Slate | |
| Heating | Forced Air | |
| Foundation | Block | |
| Parking Description | Driveway, Garage, Off Street | |
| Garage spaces | 2 | |
| Directions | From I-90 East or West (take Exit 177B – E. 152nd St / Saint Clair Ave):
Take Exit 177B toward E. 152nd St / Saint Clair Ave Turn right onto E. 152nd St (heading south) Go 0.3 miles, turn left onto Saint Clair Ave (eastbound) Go 0.2 miles, turn right onto Stanwood Rd Destination will be on your right in 0.1 miles From I-90 East only (alternate – Exit 178B – E. 185th St): Take Exit 178B for E. 185th St south Follow E. 185th St for 0.5 miles Turn right onto Saint Clair Ave Go 0.4 miles, turn left onto Stanwood Rd Destination on your right in 0.1 miles |
|
| County | Cuyahoga | |
| Latitude | 41.534935 | |
| Longitude | -81.574603 | |
| Address | 1848 Stanwood Road, East Cleveland, OH 44112 | |
| Postal Code | 44112 | |
| City | East Cleveland | |
| State | OH | |
| Country | United States | |
| Listing Office | Red 1 Realty, LLC | |
| Listing Office Phone | 614-585-9020 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Christopher Walling | |
| Listing Agent Phone | 216-870-9204 | |
| Attribution Contact | [email protected], 216-870-9204 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Terms | Cash,Conventional | |
| District | East Cleveland CSD – 1812 | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Last Modified | May 26, 2026 | |
| Tax ID | 673-09-033 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 1130 | |
| MLS # | 5210226 | |
Tour this home
Please provide your preferred method of contact below, and one of our agents will be in touch shortly.
Similar Properties
Find similar properties to 1848 Stanwood Road, East Cleveland, OH 44112
