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.
Active
Price cut: $5K (7/2)
$119,900
1848 Stanwood Rd, East Cleveland, OH 44112
4beds
1,894sqft
:
Get pre-qualified$950/mo
Single Family Residence
Built in 1899
5,601 Square Feet Lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Durable slate roof
- 79 days |
- 152 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Walling 216-870-9204 realtorwalling@gmail.com,
Red 1 Realty, LLC
Source: MLS Now,MLS#: 5210226
Originating MLS: Akron Cleveland Association of REALTORS
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
Video & virtual tour
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: $63/sqft
- Tax assessed value: $47,200
- Annual tax amount: $1,130
- Date on market: 5/26/2026
- Cumulative days on market: 78 days
- Listing terms: Cash,Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $119,900-4%$63/sqft |
Source: | ||
| 5/26/2026 | Listed for sale | $124,900$66/sqft |
Source: | ||
| 10/31/2025 | Listing removed | $124,900$66/sqft |
Source: | ||
| 10/3/2025 | Price change | $124,900-3.9%$66/sqft |
Source: | ||
| 9/5/2025 | Price change | $130,000-7.1%$69/sqft |
Source: | ||
| 8/11/2025 | Listed for sale | $140,000+33.3%$74/sqft |
Source: | ||
| 4/7/2025 | Sold | $105,000$55/sqft |
Source: | ||
| 4/7/2025 | Pending sale | $105,000$55/sqft |
Source: | ||
| 2/27/2025 | Contingent | $105,000$55/sqft |
Source: | ||
| 2/14/2025 | Price change | $105,000-3.7%$55/sqft |
Source: | ||
| 2/8/2025 | Listed for sale | $109,000$58/sqft |
Source: | ||
| 12/28/2024 | Pending sale | $109,000$58/sqft |
Source: | ||
| 12/17/2024 | Listed for sale | $109,000+336%$58/sqft |
Source: | ||
| 11/29/2024 | Sold | $25,000-37.7%$13/sqft |
Source: | ||
| 6/5/2024 | Sold | $40,100-33.2%$21/sqft |
Source: Public Record Report a problem | ||
| 5/12/2023 | Listing removed | -- |
Source: | ||
| 4/27/2023 | Pending sale | $60,000$32/sqft |
Source: | ||
| 3/31/2023 | Price change | $60,000-7.7%$32/sqft |
Source: | ||
| 2/27/2023 | Listed for sale | $65,000+290.1%$34/sqft |
Source: | ||
| 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 |
|---|---|---|
| 2025 | $1,011 +0% | $16,520 |
| 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 |
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.Climate risks
Neighborhood: 44112
Nearby schools
GreatSchools rating
- 4/10Mayfair Elementary SchoolGrades: 3-5Distance: 0.6 mi
- 5/10Heritage Middle SchoolGrades: 6-8Distance: 0.5 mi
- 4/10Shaw High SchoolGrades: 9-12Distance: 0.1 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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