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.
Active
Price cut: $10.5K (10/27)
$109,500
18315 Marcella Rd, Cleveland, OH 44119
3beds
2,204sqft
Single Family Residence
Built in 1927
5,841 Square Feet Lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
- 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#: 5256275
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Price change | $109,500-8.8%$50/sqft |
Source: | ||
| 5/6/2026 | Listed for sale | $120,000+15.4%$54/sqft |
Source: | ||
| 5/14/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2025 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/22/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/14/2025 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/31/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/24/2025 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/2/2023 | Sold | $104,000-5.5%$47/sqft |
Source: | ||
| 6/27/2023 | Contingent | $110,000$50/sqft |
Source: | ||
| 6/23/2023 | Listed for sale | $110,000+83.3%$50/sqft |
Source: | ||
| 6/28/2019 | Sold | $60,000+30.4%$27/sqft |
Source: Public Record Report a problem | ||
| 11/29/2018 | Sold | $46,000$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: North Collinwood
Nearby schools
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.





