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Cleveland Properties under $200,000 for Sale

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Newest Cleveland Properties under $200,000 for Sale

7909 Goodman Avenue, Cleveland
$85,000
4 Beds ⋅ 2 Baths ⋅ 5255967 MLS
NEW REDUCED PRICE! ATTENTION INVESTORS! AFFORDABLE VALUE-ADD OPPORTUNITY WITH EXCELLENT RENTAL POTENTIAL! Fantastic opportunity to expand your investment portfolio with this spacious, vinyl-sided 4-bedroom, 1.5-bath Colonial that is just a few finishing touches away from becoming an income-producing investment! Whether you're an experienced investor looking for your next rental property or searching for an affordable project with strong upside potential, this home offers an attractive combination of space, character, and opportunity. Step inside to discover a spacious, functional floor plan featuring original hardwood flooring, generously sized rooms, and classic Colonial charm throughout. The property also includes a detached garage, providing valuable additional storage and parking. Several important improvements have already been completed, giving the next owner a head start toward getting the property rent-ready while offering the opportunity to add value through final updates and cosmetic improvements. With 4 bedrooms, 1.5 bathrooms, and a desirable layout, this property offers flexibility for investors seeking to generate rental income or renovate and resell. Investors will appreciate the opportunity to build equity through improvements while positioning the property for future cash flow. Don't miss your chance to acquire an affordable investment property with much of the groundwork already completed! Property being sold AS-IS. Serious, qualified buyers only. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

7909 Goodman Avenue, Cleveland

10117 Somerset Avenue, Cleveland
$150,000
4 Beds ⋅ 3 Baths ⋅ 5255965 MLS
NEW REDUCED PRICE! ATTENTION INVESTORS! AFFORDABLE TRIPLEX WITH EXCELLENT INCOME POTENTIAL NEAR UNIVERSITY CIRCLE & WADE PARK! Fantastic opportunity to expand your investment portfolio with this spacious, nicely updated three-family property located near major universities, hospitals, and ongoing redevelopment! Situated in a high-demand rental corridor just minutes from University Circle's educational and medical campuses, this property offers convenient access to major employment centers, shopping, dining, and neighborhood amenities. Each of the three units features 2 bedrooms and 1 full bathroom with comfortable, functional layouts. The third-floor unit is currently tenant-occupied, with a tenant who would like to remain, while the first- and second-floor units are vacant and rent-ready, providing an excellent opportunity to generate additional rental income or explore owner-occupancy options! Numerous valuable improvements have already been completed, including updated furnaces, hot water tanks, electrical systems, and a flat roof installed in 2018. Separate metering provides added convenience for utility management and operating efficiency. Investors will appreciate the flexibility of an existing tenant combined with two available units, offering the potential to increase rental income and maximize returns. Located on a quiet street near University Circle and Wade Park, this property offers an attractive combination of affordability, location, improvements, and long-term investment potential. Don't miss this opportunity to acquire a multifamily property in an active redevelopment area! IMPORTANT: Do not disturb third-floor tenant. Only first- and second-floor units may be shown prior to an accepted offer. Third-floor unit may be shown after an accepted offer. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

10117 Somerset Avenue, Cleveland

1639 Delmont Avenue, Cleveland
$85,000
3 Beds ⋅ 1 Baths ⋅ 5255948 MLS
NEW REDUCED PRICE! ATTENTION INVESTORS! Turnkey, nicely remodeled vinyl-sided Colonial offering immediate rental income with a quality tenant in place paying $1,325 per month ($15,900 annually) on a month-to-month lease. Tenant would like to remain, providing an excellent opportunity for investors seeking immediate cash flow with added flexibility. Situated on a quiet street with a vacant lot on one side, this property offers added privacy in an area experiencing ongoing redevelopment and investment activity. Nearby projects include the Euclid Superior Adult Activity Center, Circle East development, Mickey Building redevelopment, and continued neighborhood improvements. This charming home has been thoughtfully updated with numerous valuable improvements, including a newer roof (believed to be 2023), new vinyl siding, updated electrical, newer plumbing, and a newer furnace and hot water tank (2021). Interior features include beautiful hardwood flooring, a charming fireplace, and attractive bay windows in both the living room and primary bedroom, creating bright and inviting living spaces. The nicely updated kitchen features newer cabinetry, while the bathroom has been tastefully refreshed. Additional improvements include some newer windows (some wood windows remain) and updated doors. With many major improvements already completed, an established tenant, and immediate income-producing potential, this property presents an excellent opportunity to expand your investment portfolio without the hassle of finding a new renter. Don't miss this opportunity to acquire an updated, income-producing property at a newly reduced price! Tenant occupied. No showings until an accepted offer. Please do not disturb tenant. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase. Buyer to assume POS.

1639 Delmont Avenue, Cleveland

4246 E 116th Street, Cleveland
$105,000
3 Beds ⋅ 2 Baths ⋅ 5255943 MLS
NEW REDUCED PRICE! ATTENTION INVESTORS & HOME BUYERS — AFFORDABLE, UPDATED & MOVE-IN READY! Immediate occupancy available! Whether you're looking for an affordable place to call home or an excellent addition to your investment portfolio, this spacious and nicely updated 3-bedroom, 1.5-bath Colonial offers outstanding value and opportunity at an attractive price! Step inside to discover an inviting floor plan featuring durable luxury vinyl plank (LVP) flooring throughout the main level, abundant natural light, and a beautifully refreshed kitchen with tasteful modern updates. Upstairs, you'll find three comfortable bedrooms offering plenty of space and flexibility. Enjoy added peace of mind with several important improvements already completed, including energy-efficient vinyl windows, updated PEX plumbing, and a newer hot water tank (2022). These practical updates make this home an appealing option for buyers seeking affordability and investors looking to minimize upfront improvements and long-term maintenance expenses. Outside, the property features a welcoming covered front porch, a spacious yard, and a 2-car garage providing valuable parking and additional storage space. INVESTORS: Take advantage of an opportunity to add an updated property to your rental portfolio with immediate income-producing potential once leased. HOME BUYERS: Why continue renting when you could own an affordable home with many of the important updates already completed? With immediate occupancy, desirable improvements, a functional layout, and a newly reduced price, this property offers exceptional potential for homeowners and investors alike. Schedule your private showing today! No wholesalers or contract assignments permitted. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

4246 E 116th Street, Cleveland

4230 E 126th Street, Cleveland
$105,000
4 Beds ⋅ 1 Baths ⋅ 5255928 MLS
NEW REDUCED PRICE! ATTENTION INVESTORS! Turnkey, remodeled Section 8 rental generating $1,418 per month (owner pays water, sewer, and trash) with a quality tenant in place who would like to remain! Property has recently passed its annual Section 8 inspection, offering immediate rental income in an investor-friendly area with steady demand and growth potential. This spacious, light-filled Colonial features 3 finished levels, 4 bedrooms, and durable, low-maintenance LVP flooring throughout—no carpet! As you arrive, you'll notice updated exterior touches, including newer entry steps. An inviting front porch leads into a spacious living room perfect for entertaining, flowing into a formal dining room and an oversized eat-in kitchen with tasteful white cabinetry and plenty of space. Upstairs offers three generously sized bedrooms with LVP flooring and fresh paint, along with a full bathroom. Enjoy your morning coffee from the second-floor balcony! The third floor features a large 4th bedroom or studio space, offering additional flexibility. The basement provides ample storage and appears to have had prior waterproofing. Outside, the fully fenced backyard offers plenty of space for relaxing or entertaining, while the solid 2+ car garage adds convenience and storage. Situated on a quiet street, this property combines strong rental income, updated condition, and an established tenant, making it an excellent addition to any investment portfolio. Do not disturb tenant. No showings until accepted offer. No wholesalers or contract assignments. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

4230 E 126th Street, Cleveland

9914 Adams Avenue, Cleveland
$143,500
4 Beds ⋅ 2 Baths ⋅ 5255531 MLS
**Lead-Safe Certified Duplex | Renovated Unit | Major Improvements Completed** Discover this tenant-occupied two-family property in Cleveland's Glenville neighborhood, conveniently located near University Circle, Cleveland Clinic, University Hospitals, and Case Western Reserve University. Offering approximately 2,445 square feet, this legal duplex features two spacious 2-bedroom, 1-bath units, both currently occupied. Attic space offers potential for additional bedrooms. Several significant improvements have already been completed, including a **new roof in 2023, basement waterproofing in 2025, and major renovations to the upper unit and a renovated kitchen on the first floor** The property also features an updated porch and is lead-safe certified. Both units offer established rental income, currently totaling $1,700 per month. The upper unit rents for $900 per month, with a lease through February 2027, while the lower unit is occupied by a long-term tenant paying $800 per month through January 2027 Tenants are responsible for their own gas and electric. Situated in an established Cleveland neighborhood with convenient access to major employers, medical facilities, universities, and the University Circle area, this property offers an opportunity to own an occupied duplex with substantial improvements already completed. Whether you're adding to your rental portfolio or searching for a two-family property with existing tenants, 9914 Adams deserves a closer look. Schedule your showing today! No owner financing.

9914 Adams Avenue, Cleveland

9809 Hilgert Drive, Cleveland
$99,900
3 Beds ⋅ 1 Baths ⋅ 5254280 MLS
Turnkey, vacant, and ready to generate income, this 3-bedroom, 1-bath home in Cleveland's 44104 is a great opportunity for investors looking for a rent-ready property without the hassle of a major renovation. The home has recently undergone numerous improvements, including a newly updated kitchen with appliances included, a renovated bathroom, select mechanical upgrades, and additional updates throughout. With a clean, refreshed interior and no existing tenants or leases to work around, the next owner has the flexibility to place their own tenant and start generating rental income right away. The property is located in an established Cleveland rental market that continues to attract investors looking for affordable properties with strong long-term potential. The practical 3-bedroom layout offers plenty of space for future tenants, while the completed renovations help reduce the amount of work needed before leasing. Whether you're looking to place a traditional tenant or explore the Housing Choice Voucher program with rents up to $1423 a month, this property offers a straightforward opportunity to build cash flow and add another door to your portfolio. Located in Cleveland's 44104 area, the home offers convenient access to local restaurants, shopping, schools, parks, and major roadways. Downtown Cleveland, MetroHealth, Cleveland Clinic, and University Hospitals are also within reach, providing access to some of the region's largest employment centers. Nearby neighborhoods continue to see renovation activity, new housing development, and community investment, creating opportunities for future appreciation. With vacant possession, completed updates, included appliances, and a location with long-term upside, this property is ready for its next investor!

9809 Hilgert Drive, Cleveland

1440 E 120th Street, Cleveland
$140,000
3 Beds ⋅ 3 Baths ⋅ 5255420 MLS
Opportunities like this don't last! Whether you're searching for your next home or a promising investment property, this spacious colonial located near Case Western Reserve University offers the space, flexibility, and potential you've been looking for. Don't let this opportunity pass you by! Location, Location, Location! Whether you're looking for a great investment opportunity or a place to call home, this spacious colonial is full of potential! Built in 1994, this home offers three generously sized bedrooms, 2½ baths, and a two-car garage. Upon entry, you're welcomed by a large foyer and convenient guest half bath. The spacious kitchen boasts abundant cabinet and counter space, while the versatile first floor offers two generously sized living areas that can easily accommodate your lifestyle, whether you envision a formal dining room, living room, den, or additional gathering space. The living area adjacent to the kitchen features a cozy gas fireplace and sliding glass doors that lead to the large backyard, creating a wonderful setting for everyday living and entertaining. Upstairs, you'll find three spacious bedrooms, including a primary suite with a large walk-in closet and private bath featuring dual vanity sinks. The additional two bedrooms also offer walk-in closets and share a full bathroom. The full basement provides even more possibilities, with ample space to create a finished recreation room, home office, fitness area, or whatever suits your needs, while still allowing plenty of room for storage. Don't miss this fantastic opportunity to make this versatile home your next home or investment property!

1440 E 120th Street, Cleveland

10728 Gooding Avenue, Cleveland
$84,900
3 Beds ⋅ 1 Baths ⋅ 5254805 MLS
Calling all investors and rehabbers! This 3-bedroom, 1-bath home in Cleveland's 44108 is ready for someone to bring it back to life. The property needs renovation but already has a head start, with several improvements completed last year and vinyl windows throughout. The 2-car garage adds even more value, offering extra parking and storage for future tenants or homeowners. Whether you're looking for your next flip, BRRRR project, or long-term rental, this property offers a great opportunity to make improvements, build equity, and create a solid investment. Location is another reason to take a closer look. Situated in Cleveland's 44108 area, the property offers convenient access to Glenville, University Circle, local restaurants, shopping, parks, and schools. Major employers and healthcare centers, including Cleveland Clinic, University Hospitals, and the VA Medical Center, are within reach. The surrounding east-side neighborhoods continue to see new construction, renovations, and community investment, bringing renewed attention to the area and creating opportunities for investors looking to get in ahead of future growth. For investors looking for a property with room to add value, this one has plenty of potential. With three bedrooms, a 2-car garage, vinyl windows already installed, and some recent improvements completed, there's an opportunity to renovate without starting entirely from scratch. The area's affordable entry prices, proximity to major employment centers, and ongoing neighborhood improvements make this an interesting option for both resale and long-term rental strategies. Bring your contractor, run your numbers, and see what this property can become!

10728 Gooding Avenue, Cleveland

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