Opportunity knocks at 14227 Rainbow Avenue in Cleveland. This 2 bedroom, 1 bath home is a fantastic opportunity for a new or seasoned investor looking to add to their portfolio. Tenant currently in place with CMHA paying $965 per month, providing steady income and immediate cash flow for the next owner. With a functional layout and strong investment potential, this property is ideal as a long term rental or portfolio addition. Conveniently located near shopping, dining, parks, and major highways, offering easy access to everything Cleveland has to offer. Whether you are looking to grow your rental portfolio or jump into real estate investing, this property is worth a look!
Active
Price cut: $10.1K (7/7)
$99,900
14227 Rainbow Ave, Cleveland, OH 44111
2beds
1,311sqft
Single Family Residence
Built in 1945
3,449 Square Feet Lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
Functional layout
- 54 days |
- 531 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Michael A Roberts 330-607-8592 mike@ontheblockgroup.com,
Keller Williams Living
Source: MLS Now,MLS#: 5211433
Originating MLS: Akron Cleveland Association of REALTORS
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- None
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,311
- Total interior livable area: 1,311 sqft
- Finished area above ground: 874
- Finished area below ground: 437
Video & virtual tour
Property
Parking
- Parking features: Detached Carport
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,449 Square Feet
Details
- Parcel number: 02435092
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Other
- Roof: Asphalt,Shingle
Condition
- Year built: 1945
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Triskett Park Homes Inc
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $41,300
- Annual tax amount: $967
- Date on market: 5/20/2026
- Cumulative days on market: 54 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $99,900-9.2%$76/sqft |
Source: | ||
| 5/20/2026 | Listed for sale | $110,000$84/sqft |
Source: | ||
| 2/27/2020 | Listing removed | $825$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/24/2020 | Listed for rent | $825+3.1%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/22/2018 | Listing removed | $800$1/sqft |
Source: DJD Investment Company Report a problem | ||
| 10/10/2018 | Listed for rent | $800$1/sqft |
Source: DJD Investment Company Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $967 +0% | $14,460 |
| 2024 | $967 +31.4% | $14,460 +52.4% |
| 2023 | $736 +0.6% | $9,490 |
| 2022 | $732 +0.9% | $9,490 |
| 2021 | $725 +11.6% | $9,490 +29.1% |
| 2020 | $649 +8% | $7,350 |
| 2019 | $601 +0.3% | $7,350 |
| 2018 | $599 -23.8% | $7,350 -21.1% |
| 2017 | $787 +0.8% | $9,310 |
| 2016 | $781 | $9,310 |
| 2015 | $781 -37.6% | $9,310 -5% |
| 2014 | $1,251 +54.2% | $9,800 |
| 2013 | $812 -26.2% | $9,800 |
| 2012 | $1,099 +0.5% | $9,800 -44.6% |
| 2011 | $1,093 +901.7% | $17,680 |
| 2010 | $109 -89.9% | $17,680 |
| 2009 | $1,083 -6.4% | $17,680 -10.9% |
| 2008 | $1,157 +3.3% | $19,850 |
| 2007 | $1,120 +0.1% | $19,850 |
| 2006 | $1,119 +9.8% | $19,850 +12.3% |
| 2005 | $1,019 +1.2% | $17,680 |
| 2004 | $1,007 +1.1% | $17,680 |
| 2003 | $997 +11.8% | $17,680 +10.8% |
| 2002 | $891 -42.8% | $15,960 |
| 2001 | $1,559 +4.5% | $15,960 |
| 2000 | $1,492 | $15,960 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Kamm's Corner
Nearby schools
GreatSchools rating
- 6/10Riverside SchoolGrades: PK-8Distance: 0.4 mi
- 3/10The School Of OneGrades: 8-12Distance: 0.8 mi
- 6/10Garfield Elementary SchoolGrades: PK-8Distance: 0.7 mi
Schools provided by the listing agent
- District: Cleveland Municipal - 1809
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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- Kamm's Corner
- 14227 Rainbow Ave