Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor’s portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants.
The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1,329/month and the other $1,415/month. This best the 1% Rule and provides more than a 10-CAP.
Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won’t want to miss!
Can be sold as a package deal! (5200289), (5200292), (5200294)
Closed
$169,500
16304 Nela View Rd, East Cleveland, OH 44112
6beds
2,042sqft
Duplex, Multi Family
Built in 1924
-- sqft lot
$169,700 Zestimate®
$83/sqft
$1,143 Estimated rent
Home value
$169,700
$161,000 - $180,000
$1,143/mo
Zestimate® history
Owner options
List your home for rent
$1,143/mo
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$1,143/mo
Rent Zestimate®
Refinance and save
$1,234/mo
Est. payment
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$1,234/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Jullian Vaughn 216-860-0005 sophie@premierheights.com,
Premier Heights Realty LLC
Bought with:
Aiden Avtgis, 2023002926
RE/MAX Infinity
Source: MLS Now,MLS#: 5200280
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,042
- Total interior livable area: 2,042 sqft
- Finished area above ground: 2,042
Property
Parking
- Parking features: Driveway, On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,321 sqft
Details
- Parcel number: 67317043
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: East Cleveland
- Subdivision: Euclid-Noble Dev Cos 01
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $169,500+5.9%$83/sqft |
Source:  MLS Now #5200280 Report a problem | ||
| 5/20/2026 | Pending sale | $160,000$78/sqft |
Source: MLS Now #5200280 Report a problem | ||
| 4/30/2026 | Listed for sale | $160,000$78/sqft |
Source: MLS Now #5200280 Report a problem | ||
| 4/20/2026 | Contingent | $160,000$78/sqft |
Source: MLS Now #5200280 Report a problem | ||
| 4/10/2026 | Listed for sale | $160,000+300%$78/sqft |
Source: MLS Now #5200280 Report a problem | ||
| 1/10/2024 | Sold | $40,000+187.8%$20/sqft |
Source: Public Record Report a problem | ||
| 10/13/2013 | Sold | $13,900$7/sqft |
Source: MLS Now #3434309 Report a problem | ||
| 9/10/2013 | Pending sale | $13,900$7/sqft |
Source: Homepath #3434309 Report a problem | ||
| 9/7/2013 | Price change | $13,900-17.8%$7/sqft |
Source: Homepath #3434309 Report a problem | ||
| 8/3/2013 | Listed for sale | $16,900-71.2%$8/sqft |
Source: Homepath #3434309 Report a problem | ||
| 7/25/2013 | Sold | $58,681+9.1%$29/sqft |
Source: Public Record Report a problem | ||
| 10/2/2000 | Sold | $53,800$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $544 +42.7% | $18,730 +66.6% |
| 2023 | $381 +0.3% | $11,240 |
| 2022 | $380 +0.9% | $11,240 |
| 2021 | $376 -9.7% | $11,240 -1.8% |
| 2020 | $417 -78.6% | $11,450 +0.1% |
| 2019 | $1,944 +223.2% | $11,440 -0.1% |
| 2018 | $602 -90.3% | $11,450 -37.7% |
| 2017 | $6,224 +43.5% | $18,380 |
| 2016 | $4,336 +6.7% | $18,380 |
| 2015 | $4,065 +110.7% | $18,380 -15.1% |
| 2014 | $1,929 +2.4% | $21,640 |
| 2013 | $1,884 +4.4% | $21,640 |
| 2012 | $1,803 -2.8% | $21,640 -13.3% |
| 2011 | $1,856 +0.3% | $24,960 |
| 2010 | $1,851 +7.3% | $24,960 |
| 2009 | $1,725 -5.6% | $24,960 -12% |
| 2008 | $1,827 +1.1% | $28,350 |
| 2007 | $1,807 +4.4% | $28,350 |
| 2006 | $1,730 +14.7% | $28,350 +22.7% |
| 2005 | $1,509 +1.6% | $23,110 |
| 2004 | $1,486 +3.3% | $23,110 |
| 2003 | $1,438 -4.6% | $23,110 +0.8% |
| 2002 | $1,507 -47.5% | $22,930 |
| 2001 | $2,873 | $22,930 |
| 2000 | $2,873 | $22,930 |
Find assessor info on the county website
Neighborhood: 44112
Nearby schools
GreatSchools rating
- NACaledonia Elementary SchoolGrades: K-3Distance: 0.4 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Shaw High SchoolGrades: 9-12Distance: 0.9 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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Estimated market value
$169,700
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$169,700
- Ohio
- Cuyahoga County
- East Cleveland
- 44112
- 16304 Nela View Rd
Nearby cities
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