Investor Opportunity – Turnkey Rental with Long-Term Tenant in Place!
Don't miss this income-producing investment property featuring a long-term Section 8 tenant who would like to remain, providing immediate rental income from day one. The property currently generates $12,504 in annual rental income, making it an attractive addition to any investment portfolio.
This spacious Front Porch Colonial offers 4 bedrooms and 1 full bath with a classic layout that includes a welcoming living room with a fireplace, a formal dining room featuring built-in cabinetry, and an eat-in kitchen. Brand-new carpeting has been installed throughout, giving the interior a fresh, updated feel.
Major mechanical and infrastructure updates include a furnace (2016), hot water tank (2020), newer electrical, and a waterproofed basement, helping reduce future maintenance concerns.
Whether you're looking to expand your rental portfolio or purchase a stable, income-producing property, this home offers immediate cash flow with a reliable long-term tenant already in place.
Active
$130,000
1169 Melbourne Rd, East Cleveland, OH 44112
4beds
2,072sqft
Single Family Residence
Built in 1915
3,746 Square Feet Lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
- 34 days |
- 79 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Janet Hayward 216-647-8204 janet.hayward@kw.com,
Keller Williams Greater Metropolitan
Source: MLS Now,MLS#: 5227133
Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: Second
- Dimensions: 10 x 10
Bedroom
- Level: Second
- Dimensions: 10 x 10
Bedroom
- Level: Second
- Dimensions: 12 x 10
Primary bathroom
- Level: Third
- Dimensions: 21 x 20
Dining room
- Level: First
- Dimensions: 14 x 10
Kitchen
- Level: First
- Dimensions: 13 x 10
Living room
- Level: First
- Dimensions: 21 x 10
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Features
- Basement: Full,Unfinished
- Has fireplace: Yes
Interior area
- Total structure area: 2,072
- Total interior livable area: 2,072 sqft
- Finished area above ground: 1,400
- Finished area below ground: 672
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Garage spaces: 1
Features
- Levels: Three Or More
- Fencing: Wood
Lot
- Size: 3,746 Square Feet
- Dimensions: 35 x 107
Details
- Parcel number: 67204069
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt,Shingle
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Carlyon
HOA
- Has HOA: No
Location
- Region: East Cleveland
Financial & listing details
- Price per square foot: $63/sqft
- Tax assessed value: $55,200
- Annual tax amount: $1,288
- Date on market: 7/14/2026
- Cumulative days on market: 34 days
- Listing terms: Cash,Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $130,000+116.7%$63/sqft |
Source: | ||
| 11/9/2021 | Sold | $60,000$29/sqft |
Source: Public Record Report a problem | ||
| 10/22/2021 | Pending sale | $60,000$29/sqft |
Source: | ||
| 10/16/2021 | Contingent | $60,000$29/sqft |
Source: | ||
| 10/8/2021 | Listed for sale | $60,000$29/sqft |
Source: | ||
| 9/17/2021 | Pending sale | $60,000$29/sqft |
Source: | ||
| 8/22/2021 | Contingent | $60,000$29/sqft |
Source: | ||
| 8/20/2021 | Price change | $60,000+9.1%$29/sqft |
Source: | ||
| 8/17/2021 | Listed for sale | $55,000-11.3%$27/sqft |
Source: | ||
| 7/23/1999 | Sold | $62,000+125.5%$30/sqft |
Source: Public Record Report a problem | ||
| 3/14/1996 | Sold | $27,500$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,183 +0% | $19,320 |
| 2024 | $1,183 +16.3% | $19,320 +60.9% |
| 2023 | $1,017 +0.3% | $12,010 |
| 2022 | $1,014 +3.5% | $12,010 |
| 2021 | $979 +3.9% | $12,010 +12.9% |
| 2020 | $942 -7.3% | $10,640 |
| 2019 | $1,016 -10% | $10,640 |
| 2018 | $1,128 -13.4% | $10,640 -21.1% |
| 2017 | $1,302 +0.9% | $13,480 |
| 2016 | $1,290 | $13,480 |
| 2015 | $1,290 -7% | $13,480 -15% |
| 2014 | $1,387 +1.5% | $15,860 |
| 2013 | $1,367 +2.8% | $15,860 |
| 2012 | $1,330 -8% | $15,860 -18.5% |
| 2011 | $1,446 +0.3% | $19,470 |
| 2010 | $1,441 +8% | $19,470 |
| 2009 | $1,334 -5.6% | $19,470 -12% |
| 2008 | $1,413 +1.1% | $22,120 |
| 2007 | $1,397 +4.4% | $22,120 |
| 2006 | $1,338 +0.7% | $22,120 +7.4% |
| 2005 | $1,329 +1.6% | $20,590 |
| 2004 | $1,308 +3.2% | $20,590 |
| 2003 | $1,267 +3.5% | $20,590 +7.5% |
| 2002 | $1,224 -49% | $19,150 |
| 2001 | $2,400 | $19,150 |
| 2000 | $2,400 | $19,150 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 44112
Nearby schools
GreatSchools rating
- 4/10Mayfair Elementary SchoolGrades: 3-5Distance: 0.7 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Shaw High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: East Cleveland CSD - 1812
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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