Under contract

$160,000

16304 Nela View Rd, East Cleveland, OH 44112

6beds

2,042sqft

Est.:

Duplex, Multi Family

Built in 1924

-- sqft lot

$-- Zestimate^®

$78/sqft

$-- HOA

What's special

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)

11 days

248

19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Cooling

None

Features

Basement: Unfinished

Interior area

Total structure area: 2,042
Total interior livable area: 2,042 sqft
Finished area above ground: 2,042

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Driveway, On Street

Features

Levels: Two
Stories: 2

Lot

Size: 4,321.15 Square Feet

Details

Parcel number: 67317043

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family

Materials

Vinyl Siding
Roof: Shingle

Condition

Updated/Remodeled
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Euclid-Noble Dev Cos 01

Location

Region: East Cleveland

Financial & listing details

Price per square foot: $78/sqft
Tax assessed value: $53,500
Annual tax amount: $1,266
Date on market: 4/10/2026
Cumulative days on market: 12 days

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/20/2026	Contingent	$160,000$78/sqft
Source: MLS Now #5200280 Report a problem
4/10/2026	Listed for sale	$160,000+300%$78/sqft
Source: MLS Now #5200280 Report a problem
1/10/2024	Sold	$40,000+187.8%$20/sqft
Source: Public Record Report a problem
10/13/2013	Sold	$13,900$7/sqft
Source: MLS Now #3434309 Report a problem
9/10/2013	Pending sale	$13,900$7/sqft
Source: Homepath #3434309 Report a problem
9/7/2013	Price change	$13,900-17.8%$7/sqft
Source: Homepath #3434309 Report a problem
8/3/2013	Listed for sale	$16,900-71.2%$8/sqft
Source: Homepath #3434309 Report a problem
7/25/2013	Sold	$58,681+9.1%$29/sqft
Source: Public Record Report a problem
10/2/2000	Sold	$53,800$26/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$544 +42.7%	$18,730 +66.6%
2023	$381 +0.3%	$11,240
2022	$380 +0.9%	$11,240
2021	$376 -9.7%	$11,240 -1.8%
2020	$417 -78.6%	$11,450 +0.1%
2019	$1,944 +223.2%	$11,440 -0.1%
2018	$602 -90.3%	$11,450 -37.7%
2017	$6,224 +43.5%	$18,380
2016	$4,336 +6.7%	$18,380
2015	$4,065 +110.7%	$18,380 -15.1%
2014	$1,929 +2.4%	$21,640
2013	$1,884 +4.4%	$21,640
2012	$1,803 -2.8%	$21,640 -13.3%
2011	$1,856 +0.3%	$24,960
2010	$1,851 +7.3%	$24,960
2009	$1,725 -5.6%	$24,960 -12%
2008	$1,827 +1.1%	$28,350
2007	$1,807 +4.4%	$28,350
2006	$1,730 +14.7%	$28,350 +22.7%
2005	$1,509 +1.6%	$23,110
2004	$1,486 +3.3%	$23,110
2003	$1,438 -4.6%	$23,110 +0.8%
2002	$1,507 -47.5%	$22,930
2001	$2,873	$22,930
2000	$2,873	$22,930