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Cleveland Properties under $200,000 for Sale

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Newest Cleveland Properties under $200,000 for Sale

$145,900
4 Beds 1 Baths 5210123 MLS
Attention Investors! Mixed-Use Opportunity with Strong Value-Add Potential! Positioned along the rapidly evolving St. Clair corridor, 8834 St. Clair Ave presents a rare opportunity to reposition a nearly 4,000-square-foot mixed-use property in Cleveland’s St. Clair–Superior neighborhood. Formerly used as a church, the property features a large open main-level space that offers flexibility for a variety of commercial, community, or redevelopment uses. Recent capital improvements include a newer roof and waterproofed basement, helping to reduce immediate renovation costs. A major value-add component is the second-floor residential unit with a separate entrance, offering 4 bedrooms and 1 full bathroom. Once renovated, this unit has the potential to generate approximately $1,800 per month in rental income, creating an additional revenue stream and enhancing overall return on investment. Investors will appreciate the opportunity to create multiple streams of income by combining commercial use on the main level with residential cash flow above. There is also the potential to purchase the adjacent lot, providing additional parking or future expansion opportunities. Conveniently located near the Cleveland Cultural Gardens with quick access to major highways, this property is situated in an area experiencing ongoing revitalization and investment. Whether you're a developer, investor, nonprofit, or entrepreneur, this is a compelling opportunity to unlock significant upside in one of Cleveland’s emerging corridors.

8834 Saint Clair Avenue, Cleveland

$199,900
7 Beds 3 Baths 5209318 MLS
This updated duplex offers strong cash-flow potential and excellent upside for investors! Both units are vacant and move-in ready, each featuring 3 bedrooms, spacious layouts, updated LVP flooring, fresh paint, vinyl windows, carpeted bedrooms, and modern light fixtures throughout. Kitchens include newer cabinets and laminate countertops, while the down unit also features stainless steel appliances. Bathrooms have been updated with new vanities, toilets, tub surrounds, fixtures, and LVP flooring. A major value-add feature is the finished third-floor attic space, complete with its own kitchen, bedroom, full bathroom, mini-split A/C units, updated electrical sub panel, and modern finishes throughout. This creates the opportunity to expand the upper unit or potentially convert the property into a triplex for increased rental income. Additional updates include updated PVC plumbing stack, updated 100 AMP electrical panels, separately metered utilities, two water heaters installed in 2025, newer furnace, washer/dryer hookups for both units, newer gutters, newer roof, and a detached 2-car garage. Projected rents of $1,300+ per unit make this a strong investment opportunity with immediate income potential and future upside. Conveniently located near University Circle, Cleveland Clinic, Case Western Reserve University, major roads, public transportation, schools, shops, and local amenities. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Don’t miss your chance to secure a high-upside multifamily investment with strong rental potential and room to grow! Schedule your showing today! No wholesalers. No Seller financing. No low ball offers.

3429 Martin Luther King Jr Drive, Cleveland

$189,000
7 Beds 3 Baths 5209027 MLS
Welcome to this versatile and income-producing duplex offering strong cash-flow potential for both investors and homebuyers alike! The spacious front unit features 5 beds and 1.5 baths across two levels, with two bedrooms on the main floor and three additional carpeted bedrooms upstairs. Recent updates include LVP flooring, newer vinyl windows, updated light fixtures, refreshed finishes, newer cabinetry, laminate countertops, updated bathroom fixtures, new vanity, and newer tub surround. The rear unit offers a comfortable 2 beds, 1 bath layout, creating an excellent additional income opportunity. Separate gas and electric meters allow both units to operate independently, ideal for maximizing rental efficiency. Major improvements include updated PVC plumbing main stack and drain lines, newer furnaces, younger water heaters, updated electrical panels, updated exterior 100 AMP meter bases, glass block basement windows, vinyl siding, vinyl windows, and a newer roof. The property also includes washer/dryer hookups, a detached 1-car garage, and functional outdoor space. The income potential is strong, with the front unit currently vacant and projected at approximately $2,000/mo in market rent, while the rear unit is tenant occupied at $1,085/mo, providing immediate income from day one. Conveniently located near Washington Reservation, Morgana Park, and Mill Creek Falls, with quick access to Downtown Cleveland. Near major highways, public transportation, schools, shopping centers, restaurants, parks, and more. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you’re looking to expand your investment portfolio or live in one unit while offsetting your mortgage with rental income, this cash-flowing duplex offers space, flexibility, and long-term upside in a growing Cleveland market. No wholesalers. No Seller financing. No low ball offers.

3359 E 65th Street, Cleveland

$99,900
1 Beds 1 Baths 5199735 MLS
Opportunity meets charm in this versatile one-bedroom condo nestled in University Circle, one of Cleveland's most vibrant and walkable neighborhoods. Steps from Cedar Fairmount, Little Italy, Case Western, Cleveland Clinic, University Hospital, and the RTA, everything you need is right at your doorstep. A welcoming foyer sets the tone right away. From there, the layout opens into a generously sized space adjacent to the kitchen, currently staged as a living area but a natural fit as a dining room or secondary gathering space. The kitchen is both functional and bright, featuring plenty of counter space and cabinetry, plus two windows that fill the room with natural light. Down the hall, the expansive living area charms with a cozy fireplace and unique bay window. The room works equally well as an additional bedroom, creative workspace, or something you can truly make your own. Tucked away at the far end of the condo, the primary bedroom is a true retreat with hallway built-ins and generous closet space. Enjoy the updated full bath featuring a tiled shower and glass block window. A washer and dryer conveniently located near the center of the home, one dedicated space in a heated parking garage, and a condo maintenance fee covering heat, water, sewer, trash, and snow removal complete the package. This is urban living with flexibility, comfort, and character. Schedule your showing today and come see it for yourself!

11430 Cedar Glen Parkway Unit B5, Cleveland

$175,000
8 Beds 4 Baths 5207661 MLS
Value-Add 4-Unit with Major Capital Improvements Already Completed! Located just south of the growing Collinwood Arts District, 889 E 143rd offers investors the opportunity to increase cash flow where many of the major expenses have already been addressed. This 4-unit building consists of 2-bedroom units tenants and 1 vacant unit ready for light cosmetic updates. Current rents include Unit 2 at $475/month plus $50 water reimbursement and Unit 4 at $800/month, leaving significant room for future rental growth once stabilized. Unit 3 has already been cleaned out and can be turned quickly with minor updates.Recent improvements include a brand-new roof (2025), all new windows in Unit 3 (2025), all hot water tanks replaced (2026), serviced furnaces in strong working condition (2026), and cleaned-up electrical. The owner has also invested thousands into pest-proofing the property following concerns from Unit 4. Market rents are around $950 which produces a 15% cap rate once all units are renovated. Located near the shops, restaurants, galleries, and nightlife of the Collinwood Arts District—including local favorite Six Shooter Coffee—and minutes from Euclid’s major waterfront redevelopment project improving public access to Lake Erie, this property offers both immediate upside and long-term neighborhood growth potential. Create value with some minor updates or even house hack and live in one of the units, either way- this is a great investment. Please note: the seller is not offering seller financing.

889 E 143rd Street, Cleveland

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