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Listed price in listed location currency (USD).
$160,000

620

MLS® 5200280

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2042 sqft
Garage 
Taxes $1,266
Days Active 21
Lot Size 
Approx. Age 1924
Avg. Price Per Sqft $78
MLS® Number 5200280

Property Address: 16304 Nela View Rd, Cleveland, OH, 44112-1718

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

Description

Turnkey investment opportunity CURRENTLY generating $33K in rents each year!!! This well-maintained multifamily duplex is the perfect addition to any investor’s portfolio. Both units are currently occupied with reliable Section 8 tenants, offering immediate and consistent cash flow. Each unit features 3 spacious bedrooms and 1 full bathroom, providing comfortable living space for tenants. The property has been updated and is in great condition, minimizing the need for immediate repairs or renovations. Current rental income is strong, with one unit generating $1, 329/month and the other $1, 415/month. This best the 1% Rule and provides more than a 10-CAP. Whether you're a seasoned investor or just getting started, this income-producing property is a solid, hassle-free opportunity you won’t want to miss! Can be sold as a package deal! (5200289), (5200292), (5200294)
MLS® Number5200280
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1924
BasementUnfinished
DrivewayDriveway, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Apr 10, 2026List Date
$160,000List Price
  • Commute

Commute

Starting Address
Destination Address
16304 Nela View Rd, Cleveland, OH

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