ATTENTION INVESTORS! Rare Cleveland Turnkey Cash Flow Opportunity
Priced to sell fast! Don't miss out on this rare opportunity to own over 1/2 acre in Cleveland featuring two income-producing rental homes with long-term, stable tenants.
Property Highlights:
Lot Size: 3 lots totaling just over 1/2 acre.
Location: Perfectly situated on the high-visibility intersecting corner of Dunnam Ave. and Fostoria St.
Unit 1: 4 bedroom, 2 bath manufactured home (remodeled in 2021).
Unit 2: 3 bedroom, 1 bath, 852 sq. ft. home (converted from a garage/shop in 2021).
Tenant Setup: Both homes are currently occupied by long-term tenants.
Separately Metered: Both homes feature separate water and electricity meters.
Layout: Plenty of yard space allows for private, separate outdoor areas for each tenant.
For sale
Price cut: $10K (8/4)
$159,000
401 Dunnam Ave, Cleveland, TX 77327
4beds
1,216sqft
Multi Family
Built in 1997
-- sqft lot
$-- Zestimate®
$131/sqft
$-- HOA
What's special
- 89 days |
- 70 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Tommy Bowen TREC #0680155 713-202-1633,
JLA Realty
Source: HAR,MLS#: 35124719
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Electric, Window Unit(s)
Interior area
- Total structure area: 1,216
- Total interior livable area: 1,216 sqft
Property
Features
- Stories: 1
Lot
- Size: 0.52 Acres
Details
- Parcel number: 006180000012003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1997
Community & HOA
Community
- Subdivision: Magnolia Park
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $214,260
- Annual tax amount: $4,573
- Date on market: 5/22/2026
- Lease term: Month To Month
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,482/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $159,000-5.9%$131/sqft |
Source: | ||
| 7/21/2026 | Price change | $169,000-5.6%$139/sqft |
Source: | ||
| 6/26/2026 | Price change | $179,000-3.2%$147/sqft |
Source: | ||
| 6/9/2026 | Price change | $185,000-2.6%$152/sqft |
Source: | ||
| 5/22/2026 | Listed for sale | $189,995$156/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,573 -3.6% | $214,260 +2.3% |
| 2024 | $4,742 +5.4% | $209,440 +5.5% |
| 2023 | $4,501 +2.4% | $198,590 +8.8% |
| 2022 | $4,394 +147.6% | $182,560 +162.9% |
| 2021 | $1,775 +82.1% | $69,430 +82.7% |
| 2020 | $975 +34.6% | $38,010 +41.5% |
| 2019 | $724 | $26,870 +4.3% |
| 2018 | -- | $25,770 +7.2% |
| 2017 | -- | $24,040 +5.4% |
| 2016 | -- | $22,800 |
| 2015 | -- | $22,800 |
| 2014 | -- | $22,800 |
| 2013 | -- | $22,800 |
| 2012 | -- | $22,800 -54.6% |
| 2011 | -- | $50,260 |
| 2010 | -- | $50,260 +2.7% |
| 2008 | -- | $48,960 |
| 2007 | -- | $48,960 -12.1% |
| 2006 | -- | $55,700 +1.8% |
| 2005 | -- | $54,740 |
| 2004 | -- | $54,740 |
| 2003 | -- | $54,740 |
| 2002 | -- | $54,740 |
| 2001 | -- | $54,740 |
| 2000 | -- | $54,740 |
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: 77327
Nearby schools
GreatSchools rating
- 1/10Northside Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 2/10Cleveland Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Cleveland High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Northside Elementary School (Cleveland)
- Middle: Cleveland Middle School
- High: Cleveland High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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