This cash-flowing investment property in Maple Heights offers a great opportunity for both new and seasoned investors. Featuring 2 bedrooms, 1 bathroom, and approximately 949 sq ft of living space, this home is currently tenant occupied with a Section 8 tenant paying $1,600 per month, providing immediate rental income from day one. The property includes a functional layout, spacious bedrooms, and a basement for additional storage. Conveniently located near Maple Heights High School, shopping, parks, and very close to i-480, this property is positioned in a strong rental market with consistent tenant demand. Whether you are looking to expand your portfolio or secure a stable income-producing property, this home offers solid cash flow potential and long-term upside.
Closed
$109,000
5462 Grasmere Ave, Maple Heights, OH 44137
2beds
949sqft
Single Family Residence
Built in 1926
4,164.34 Square Feet Lot
$109,100 Zestimate®
$115/sqft
$1,547 Estimated rent
Home value
$109,100
$104,000 - $115,000
$1,547/mo
Zestimate® history
Owner options
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$1,547/mo
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$1,547/mo
Rent Zestimate®
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$635/mo
Est. payment
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$635/mo
Est. payment
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Spacious bedroomsFunctional layoutBasement for additional storage
Zillow last checked:
Listing updated:
Listing Provided by:
Rakesh Baniya 440-901-7145 rbaniya@clevelandpropertymanagement.com,
Cleveland Property Management Group, LLC.
Bought with:
Rakesh Baniya, 2019007609
Cleveland Property Management Group, LLC.
Source: MLS Now,MLS#: 5212656
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: First
Bedroom
- Level: Second
Bathroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Forced Air
Cooling
- None
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 949
- Total interior livable area: 949 sqft
- Finished area above ground: 949
Property
Parking
- Parking features: Driveway
Features
- Levels: One and One Half
Lot
- Size: 4,164 sqft
Details
- Parcel number: 78118088
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Asphalt,Shingle
Condition
- Year built: 1926
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Maple Heights
- Subdivision: Maple Boro Park Allotment 02
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Pending sale | $108,000-0.9%$114/sqft |
Source:  MLS Now #5212656 Report a problem | ||
| 7/1/2026 | Sold | $109,000+0.9%$115/sqft |
Source: MLS Now #5212656 Report a problem | ||
| 5/22/2026 | Listed for sale | $108,000+79.5%$114/sqft |
Source: MLS Now #5212656 Report a problem | ||
| 7/19/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/21/2024 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/25/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/15/2024 | Listed for rent | $1,100+46.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/29/2019 | Listing removed | $750$1/sqft |
Source: Cleveland Property Management Report a problem | ||
| 10/11/2019 | Listed for rent | $750$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 7/17/2019 | Sold | $60,170+229.8%$63/sqft |
Source: Public Record Report a problem | ||
| 6/13/2016 | Sold | $18,243$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,930 -11.4% | $26,670 |
| 2024 | $2,177 +33.6% | $26,670 +51.4% |
| 2023 | $1,630 +0.4% | $17,610 |
| 2022 | $1,623 -7.3% | $17,610 |
| 2021 | $1,751 +20.6% | $17,610 +32% |
| 2020 | $1,453 +0% | $13,340 |
| 2019 | $1,452 -18.6% | $13,340 |
| 2018 | $1,783 -10.2% | $13,340 +9.8% |
| 2017 | $1,987 | $12,150 |
| 2016 | -- | $12,150 |
| 2015 | $4,179 +26.6% | $12,150 -8.9% |
| 2014 | $3,301 -43.7% | $13,340 |
| 2013 | $5,860 +48.4% | $13,340 |
| 2012 | $3,948 +90.8% | $13,340 -42.6% |
| 2011 | $2,069 +0.1% | $23,240 |
| 2010 | $2,067 +4.6% | $23,240 |
| 2009 | $1,977 +5% | $23,240 -8.1% |
| 2008 | $1,883 +3.4% | $25,280 |
| 2007 | $1,821 +6% | $25,280 |
| 2006 | $1,719 +21.2% | $25,280 +14.6% |
| 2005 | $1,418 +0.9% | $22,050 |
| 2004 | $1,404 +2% | $22,050 |
| 2003 | $1,377 +25.1% | $22,050 +7.9% |
| 2002 | $1,101 -38.7% | $20,440 |
| 2001 | $1,797 -0.1% | $20,440 |
| 2000 | $1,799 | $20,440 |
Find assessor info on the county website
Neighborhood: 44137
Nearby schools
GreatSchools rating
- 3/10Barack Obama Elementary SchoolGrades: 4-5Distance: 1.2 mi
- 5/10Milkovich Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Maple Heights High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- District: Maple Heights CSD - 1818
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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Estimated market value
$109,100
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$109,100
- Ohio
- Cuyahoga County
- Maple Heights
- 44137
- 5462 Grasmere Ave
Nearby cities
Nearby zip codes
Other Maple Heights Topics
