Cleveland Real Estate Search

Cleveland Properties under $200,000 for Sale

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Newest Cleveland Properties under $200,000 for Sale

$142,400
5 Beds 2 Baths 5241608 MLS
ATTENTION INVESTORS: CASH COW!!! CASHFLOW FROM DAY 1 WITH SECTION 8 TENANT ALREADY IN PLACE! No need to wait 6 months to get it renovated and rented generating 100% rent from Uncle Sam. TURNKEY LISTING WITH TENANT IN PLACE! HUGEE RENTS! $1,954 per month — $23,448 annually!! Practically prints money! MASSIVE DSCR RATIO! Do the math!! Large 5-bedroom, 2-bath Cleveland rental currently generating The housing authority (CMHA) currently pays 100% of the rent, with a $0 tenant portion, providing reliable government-paid monthly income with minimal collection risk. TLocated in Cleveland’s 44120 rental corridor near Shaker Heights, Shaker Square, Buckeye–Shaker, Larchmere, University Circle, major hospitals, public transit, and downtown routes. The location benefits from stronger voucher rents associated with the surrounding Shaker-area market, while the owner still receives the advantage of lower Cleveland property taxes and no Heights POS escrow requirements. Major capital improvements have already been completed, including a complete remodel with fresh interior and exterior paint, a partial roof replacement, a new A/C unit, newer dual pane vinyl windows (no more lead based paint window probs!) LEAD BASED PAINT INSPECTED AND CERTIFIED! This is an income-producing property with much of the major upfront work already handled. Remodel, tenant placement process, and large capex expenses! BONUS! Top tier Luke Park and community center is just around the corner, offering nearly professional fields, basketball and tennis courts, a gym, classes, skating, boxing, swimming pools, and other amenities that help support strong tenant demand. Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!

3280 E 121st Street, Cleveland

$132,400
2 Beds 2 Baths 5241610 MLS
ATTENTION INVESTORS: $1,403/MO RENTED CASH COW! HUGE RETURNS IN THE UPSCALE WATERLOO ARTS DISTRICT! This solid brick home sits in Cleveland?s rapidly revitalizing Waterloo Arts corridor, surrounded by rising property values, growing owner-occupancy, and walkable access to galleries, restaurants, nightlife, and the iconic Waterloo Theatre. Already rented through CMHA Section 8 at $1,403/month?$16,836 in annual gross rental income! The property may generate even more income through EDEN, which provided a written rent offer of $1,650/month. MASSIVE DSCR POTENTIAL?DO THE MATH! COMPLETELY REMODELED, TURNKEY, AND LEAD-PAINT TESTED AND PASSED! Major capital expenses are already covered, including a brand-new entry roof (September 2026), brand-new furnace (August 2026, never used), new stainless-steel refrigerator and stove, new vinyl windows, new carpet, refinished basement, updated lighting, new ceiling fans, complete interior repaint, exterior painting, and a new Chamberlain Wi-Fi garage-door opener. Additional features include a comfortable front porch tenants love, covered rear porch, huge fenced backyard, long private driveway, garage+opener, new windows with excellent natural light, and durable, low-maintenance brick construction. A city-owned vacant lot next door provides extra privacy, better natural light, and the feel of a larger side yard. Lead testing has passed, the report is available, and final certification from the City of Cleveland is pending making this a compliance-ready, inspection-friendly asset for housing-authority programs. Close to higher-rent Euclid while remaining in lower-tax Cleveland--the best of both worlds! Part of a larger Section 8 portfolio. Ask about additional stabilized voucher properties.

1268 E 169th Street, Cleveland

$120,000
3 Beds 1 Baths 5240923 MLS
Turn-key, income-producing 3-bedroom, 1-bathroom rental property on Cleveland’s Westside — already rented to a tenant at $1,200 per month. This property offers investors the opportunity to acquire a cash-flowing Cleveland rental with an existing tenant in place, eliminating the immediate hassle and uncertainty of finding a new occupant. The home features 3 bedrooms, 1 full bathroom, a private driveway for off-street parking, and basement laundry, providing practical amenities that are attractive to long-term Cleveland renters. Located on Cleveland’s Westside. Situated in an up-and-coming neighborhood. Strong fit for investors seeking an affordable Cleveland rental with existing income. At $1,200 per month, the property currently generates $14,400 in scheduled annual rental income, before operating expenses. Cleveland’s Westside continues to attract attention from investors looking for affordable housing, established neighborhoods, and potential long-term appreciation. This property combines an accessible price point with an existing rental income stream, making it an attractive addition to a buy-and-hold portfolio. Whether you're a first-time investor looking to acquire your first rental or an experienced landlord expanding a Cleveland portfolio, this is an opportunity to own an already-rented, turn-key property with built-in income. Tenant and lease details, property expenses, and additional financial information available to qualified buyers.

8911 Sauer Avenue, Cleveland

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