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  • Price cut: $10.5K (10/27)
    $109,500

    18315 Marcella Rd, Cleveland, OH 44119

    3beds
    2,204sqft
    : 
    $907/mo
    Get pre-qualified
    Single Family Residence
    Built in 1927
    5,841 Square Feet Lot
    $-- Zestimate®
    $50/sqft
    $-- HOA

    What's special

    NEW REDUCED PRICE! ATTENTION INVESTORS! TURNKEY, TENANT-OCCUPIED COLONIAL GENERATING $1,250 PER MONTH ($15,000 ANNUALLY) IN RENTAL INCOME! Fantastic opportunity to expand your investment portfolio with this spacious 3-bedroom, 1-full-bath Colonial offering immediate rental income from day one! Property features an established tenant already in place paying $1,250 per month (not Section 8), providing consistent income without the hassle of finding a new renter. This attractive investment offers a spacious, functional floor plan with comfortable living areas and classic Colonial charm, making it an appealing option for long-term rental ownership. The home features 3 generously sized bedrooms, a full bathroom, and a basement providing abundant additional storage and potential for added functionality. Investors will appreciate the combination of an existing income stream, practical layout, and manageable property features, making this an excellent addition to any investment portfolio. Located in an established residential area with rental demand, this property offers an appealing opportunity for investors seeking long-term income and potential appreciation. Whether you're purchasing your first rental property or expanding an established portfolio, this income-producing Colonial offers an opportunity to build long-term wealth through real estate! Don't miss your chance to acquire an affordable investment property with rental income already in place! IMPORTANT: Tenant occupied. Do not disturb tenant. No showings until an accepted offer. Serious, qualified buyers only. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.
    6 days
    92
    1

    Zillow last checked:

    Listing updated:

    Listed by:

    Adrian Frederick 216-469-4854 afredericksold@gmail.com,

    Coldwell Banker Schmidt Realty,

    Christopher A Frederick 216-210-7653,

    Coldwell Banker Schmidt Realty

    Source: MLS Now,MLS#: 5256275MLS LogoOriginating MLS: Lorain County Association Of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air
      Cooling
      • None
      Features
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,204
      • Total interior livable area: 2,204 sqft
      • Finished area above ground: 1,476
      • Finished area below ground: 728

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached, Garage
      • Garage spaces: 1
      Features
      • Levels: Three Or More
      • Patio & porch: Front Porch
      Lot
      • Size: 5,841 Square Feet
      Details
      • Parcel number: 11308038

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Brick, Vinyl Siding
      • Roof: Asphalt,Fiberglass
      Condition
      • Year built: 1927

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: City/Cleveland 15
      HOA
      • Has HOA: No
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $50/sqft
      • Tax assessed value: $104,000
      • Annual tax amount: $2,435
      • Date on market: 10/27/2026
      • Cumulative days on market: 180 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/27/2026Price change$109,500-8.8%$50/sqft
        Source: MLS Now #5256275 Report a problem
        5/6/2026Listed for sale$120,000+15.4%$54/sqft
        Source: MLS Now #5207350 Report a problem
        5/14/2025Listing removed$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        5/6/2025Listed for rent$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        2/22/2025Listing removed$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        2/14/2025Listed for rent$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        1/31/2025Listing removed$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        1/24/2025Listed for rent$1,250$1/sqft
        Source: Zillow Rentals Report a problem
        8/2/2023Sold$104,000-5.5%$47/sqft
        Source: MLS Now #4469087 Report a problem
        6/27/2023Contingent$110,000$50/sqft
        Source: MLS Now #4469087 Report a problem
        6/23/2023Listed for sale$110,000+83.3%$50/sqft
        Source: MLS Now #4469087 Report a problem
        6/28/2019Sold$60,000+30.4%$27/sqft
        Source: Public Record Report a problem
        11/29/2018Sold$46,000$21/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,435 +2%$36,400
        2024$2,386 +49.8%$36,400 +73.3%
        2023$1,593 +0.6%$21,000
        2022$1,584 +1%$21,000
        2021$1,568 -30.6%$21,000 -19.7%
        2020$2,258 +5.6%$26,150 +0%
        2019$2,139 +2.8%$26,140 0%
        2018$2,081 +4.3%$26,150 +8.1%
        2017$1,995 +0.8%$24,190
        2016$1,978 $24,190
        2015$1,978 +11.5%$24,190 +12%
        2014$1,774 +1.8%$21,600
        2013$1,742 +3.1%$21,600
        2012$1,690 -2.2%$21,600 -23%
        2011$1,728 +2.7%$28,040
        2010$1,683 +0.8%$28,040
        2009$1,670 -7.5%$28,040 -12%
        2008$1,806 +3.3%$31,860
        2007$1,747 +0.1%$31,860
        2006$1,746 +4.3%$31,860 +9.7%
        2005$1,674 +1.2%$29,050
        2004$1,655 +1.1%$29,050
        2003$1,637 +6.4%$29,050 +5.4%
        2002$1,539 -42.8%$27,550
        2001$2,692 +4.5%$27,550
        2000$2,576 $27,550
        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.
        All 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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: North Collinwood

        Getting around

        67 / 100
        Somewhat Walkable
        40 / 100
        Some Transit
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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