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Listed price in listed location currency (USD).
$70,000

422

MLS® 5205115

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage Yes
Taxes $1,200
Days Active 26
Lot Size 
Approx. Age 1920
MLS® Number 5205115

Property Address: 716 E 160th St, Cleveland, OH, 44110-2420

Average square foot calculated using Size range provided by listing agent.

Description

716 E 160th St | Multi-Family Investment OpportunityThe Bones You Want, The Upside You Need. Attention savvy investors and portfolio builders: this solid brick multi-family on E 160th St is a rare "diamond in the rough" located in a quiet, stable pocket of South Collinwood. Built in 1920, this property features the heavy-duty construction typical of the era, including a proven solid foundation and a classic brick exterior that minimizes long-term maintenance. The Opportunity: Duplex to Triplex PotentialWhile currently configured as a spacious duplex, the property’s layout offers a unique path to higher yields:Unit 1 & 2: Classic 2-bedroom layouts with generous living spaces and traditional Cleveland charm.The Third Floor: A finished 3rd-floor attic space with a kitchen and bath—previously used by the owner—provides the potential for a legal 3-unit conversion (buyer to verify local zoning/egress requirements).The Work: The property requires a full interior renovation (electrical, cosmetic, and mechanical updates) but provides a "blank canvas" for a high-end rental or a premium Section 8 placement.Financial Snapshot & LocationRental Market: Average rents for 2-bedroom units in South Collinwood are trending toward $850–$1, 000+ following renovation. A triplex configuration could easily push gross monthly income toward $2, 500+.Structure: Detached 2-car garage, brick construction, and enclosed rear porches. Neighborhood: Located in a "Silent Zone" with minimal noise. Pride of ownership is evident on the street, making it an attractive choice for long-term tenants. Investor Note: Cleveland has emerged as a top 2026 market for cash-flow investors. With low acquisition costs and high rental demand, this property is priced to allow for a significant renovation budget while still hitting double-digit cap rate targets.
MLS® Number5205115
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1920
Basement
DrivewayDetached, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$70,000List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $70,000 and $114,000.
Similar properties in this area sold on average for: $99,140
Expected to sell very soon! Similar properties sold in 18 days. This home has been on Zoocasa for 26 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
716 E 160Th St, Cleveland, OH

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