Cleveland Real Estate Search

Cleveland Properties under $200,000 for Sale

Our website features the best real estate search for under $200,000 properties available in Cleveland and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Cleveland Properties under $200,000 for Sale

$200,000
5 Beds 2 Baths 5215393 MLS
Located in Cleveland's thriving Clark Fulton neighborhood, this well-maintained duplex presents an outstanding opportunity for both investors and owner-occupants. Situated in a desirable B-class rental market with strong tenant demand, this property offers immediate income potential with additional upside through the lease-up of the vacant unit. The upper unit features 3 bedrooms and 1 full bathroom and is currently occupied, generating $1,000 per month in rental income. The lower unit offers 2 bedrooms and 1 full bathroom and is currently vacant, providing flexibility for an owner-occupant or an investor seeking to increase cash flow. Market rents for the lower unit are projected at approximately $1,000 per month, bringing the property's total potential gross monthly income to approximately $2,000. Both units feature practical floor plans, spacious living areas, and layouts that appeal to a wide range of tenants. Recent improvements include newer appliances, enhancing both tenant appeal and long-term value. The property has been well-maintained and offers a solid foundation for immediate occupancy or continued rental success. Conveniently located near Downtown Cleveland, MetroHealth Medical Center, major highways, public transportation, shopping, dining, and neighborhood amenities, this property benefits from a location that continues to attract both residents and investors alike. Whether you're looking to expand your investment portfolio, complete a house hack by living in one unit while collecting rental income from the other, or acquire a property with strong income potential in a proven rental market, this duplex delivers flexibility, stability, and opportunity. Don't miss your chance to own a versatile income-producing property with immediate upside potential.

3118 W 30th Street, Cleveland

$164,900
3 Beds 2 Baths 5214539 MLS
Exceptional turn-key investment opportunity offering immediate and stable cash flow. This well-maintained 3-bedroom, 1.5-bath Colonial is currently rented for $1,650 per month with a tenant already in place through May 2027, allowing investors to step into a performing asset without the hassle, expense, or vacancy risk associated with tenant placement. The property has been thoughtfully updated and maintained, featuring fresh interior paint, new carpeting, an updated garage, and a finished basement that enhances the overall functionality and appeal of the home. The spacious layout, combined with the finished lower level, provides attractive living space that helps support strong tenant retention and long-term rental demand. Outside, the fully fenced backyard offers privacy and additional outdoor space, a desirable feature for tenants and families alike. Located in Cleveland's established rental market, this property presents an excellent opportunity for both new and seasoned investors seeking dependable income and minimal deferred maintenance. With major cosmetic improvements already completed and a lease secured through 2027, investors can benefit from immediate revenue from day one while avoiding turnover costs in the near term. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or acquire a stable buy-and-hold asset, this property checks all the boxes: reliable cash flow, tenant stability, recent updates, and turn-key condition. Opportunities to acquire a fully occupied, income-producing property with long-term tenancy already in place are becoming increasingly difficult to find. Add this performing asset to your portfolio and start collecting income immediately.

12708 Dove Avenue, Cleveland

$145,000
4 Beds 2 Baths 5213911 MLS
Classic Colonial full of character and timeless details, ideally located just north of the vibrant Waterloo Arts District on Lakeshore Blvd! This 4-bedroom, 2-bath home offers the perfect blend of classic charm, updates, and convenience. Enjoy being moments from local galleries, coffee shops, restaurants, and community events while living in a spacious home filled with character and potential. Inside, you’ll find original and refinished oak hardwood floors throughout, a spacious kitchen with an eat-in area, quartz countertops, farmhouse sink, luxury vinyl tile flooring, and updated lighting. The kitchen and bathrooms were beautifully updated in 2019. The home also features a separate formal dining room, inviting living room, and private library/den with beautiful glass French doors. Tons of built-ins throughout the home add warmth, charm, and functionality. The spacious bedrooms offer comfortable living, including a primary bedroom with a walk-in closet. The bathrooms feature stylish tile work and updated fixtures, including porcelain tile flooring. Major updates include a newer furnace and central air conditioning system, along with a front-load washer and dryer located in the basement. The unfinished third floor offers an excellent opportunity to create additional living space and add future value. This home offers great bones, timeless architectural details, generous room sizes, and endless potential for the next owner to make it their own.

15242 Lake Shore Boulevard, Cleveland

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