Active

$124,900

1848 Stanwood Rd, East Cleveland, OH 44112

4beds

1,894sqft

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Single Family Residence

Built in 1899

5,601 Square Feet Lot

$-- Zestimate^®

$66/sqft

$-- HOA

What's special

Durable slate roof

Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.

33 days

137

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air

Cooling

None

Features

Basement: Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 1,894
Total interior livable area: 1,894 sqft
Finished area above ground: 1,894
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Driveway, Garage, Off Street
Garage spaces: 2

Features

Levels: Three Or More
Stories: 3
Fencing: Back Yard,Fenced

Lot

Size: 5,601 Square Feet

Details

Parcel number: 67309033
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Aluminum Siding
Foundation: Block
Roof: Slate

Condition

Year built: 1899

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Grasmere Allotment

HOA

Has HOA: No

Location

Region: East Cleveland

Financial & listing details

Price per square foot: $66/sqft
Tax assessed value: $47,200
Annual tax amount: $1,130
Date on market: 5/26/2026
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/26/2026	Listed for sale	$124,900$66/sqft
Source: MLS Now #5210226 Report a problem
10/31/2025	Listing removed	$124,900$66/sqft
Source: MLS Now #5144642 Report a problem
10/3/2025	Price change	$124,900-3.9%$66/sqft
Source: MLS Now #5144642 Report a problem
9/5/2025	Price change	$130,000-7.1%$69/sqft
Source: MLS Now #5144642 Report a problem
8/11/2025	Listed for sale	$140,000+33.3%$74/sqft
Source: MLS Now #5144642 Report a problem
4/7/2025	Sold	$105,000$55/sqft
Source: MLS Now #5090563 Report a problem
4/7/2025	Pending sale	$105,000$55/sqft
Source: MLS Now #5090563 Report a problem
2/27/2025	Contingent	$105,000$55/sqft
Source: MLS Now #5090563 Report a problem
2/14/2025	Price change	$105,000-3.7%$55/sqft
Source: MLS Now #5090563 Report a problem
2/8/2025	Listed for sale	$109,000$58/sqft
Source: MLS Now #5090563 Report a problem
12/28/2024	Pending sale	$109,000$58/sqft
Source: MLS Now #5090563 Report a problem
12/17/2024	Listed for sale	$109,000+336%$58/sqft
Source: MLS Now #5090563 Report a problem
11/29/2024	Sold	$25,000-37.7%$13/sqft
Source: MLS Now #5062858 Report a problem
6/5/2024	Sold	$40,100-33.2%$21/sqft
Source: Public Record Report a problem
5/12/2023	Listing removed	--
Source: MLS Now #4440746 Report a problem
4/27/2023	Pending sale	$60,000$32/sqft
Source: MLS Now #4440746 Report a problem
3/31/2023	Price change	$60,000-7.7%$32/sqft
Source: MLS Now #4440746 Report a problem
2/27/2023	Listed for sale	$65,000+290.1%$34/sqft
Source: MLS Now #4440746 Report a problem
11/13/2019	Sold	$16,662+152.5%$9/sqft
Source: Public Record Report a problem
9/25/2019	Pending sale	$6,600$3/sqft
Source: Keller Williams Grt Cleve SE #4132998 Report a problem
9/11/2019	Listed for sale	$6,600-26.7%$3/sqft
Source: Keller Williams Grt Cleve SE #4132998 Report a problem
7/9/2019	Sold	$9,000$5/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,011 +104.1%	$16,520 +182.4%
2023	$495 +0.3%	$5,850
2022	$494 +0.9%	$5,850
2021	$489 -30.4%	$5,850 -24.4%
2020	$703 -4.9%	$7,740
2019	$739 +352.3%	$7,740
2018	$163 -72%	$7,740 -43.9%
2017	$584 +0.8%	$13,800
2016	$579	$13,800
2015	$579 -21.3%	$13,800 -14.9%
2014	$737 +1.3%	$16,210
2013	$727 +3%	$16,210
2012	$705 -36%	$16,210 -29.2%
2011	$1,102 +0.3%	$22,890
2010	$1,098 +11.6%	$22,890
2009	$984 -11.8%	$22,890 -12%
2008	$1,116 +1.1%	$26,010
2007	$1,103 -29.8%	$26,010
2006	$1,571 +3.6%	$26,010 +10.5%
2005	$1,517 +1.6%	$23,530
2004	$1,494 +3.2%	$23,530
2003	$1,448 +3.6%	$23,530 +7.5%
2002	$1,398 -49%	$21,880
2001	$2,742	$21,880
2000	$2,742	$21,880

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