12344 Ashbury Avenue, Cleveland, OH 44106

• 3 beds |
• 1 bath |
• 1,120 sqft

Property Description

Attention investors! Positioned in a highly desirable Cleveland location near University Circle and Little Italy, this 3 bedroom, 1 bath Colonial offers investors an opportunity to add a solid rental property to their portfolio. The property features a functional layout with three bedrooms, providing strong appeal to long term tenants in an area supported by major institutions, employment centers, dining, shopping, entertainment and new development. Fresh paint and new floors throughout. A key investment advantage is the potential rental income. Based on current Section 8 rental guidelines, the property has potential monthly rental income of approximately $2,113 (20% ROI), providing an attractive opportunity for investors seeking strong rental demand and dependable cash flow. With its proximity to University Circle, Little Italy, hospitals, universities, museums, and other major Cleveland amenities, this property offers both location and income potential. Whether you’re expanding an existing portfolio or looking for your next rental acquisition, this Colonial presents an opportunity to capitalize on a desirable rental market with significant tenant demand. Schedule your walkthrough today!

Listing Status:

Active

Data Last Updated:

October 5, 2026 at 5:19AM

Listing Office:

RE/MAX Above & Beyond : 440-546-1313

Listing Agent:

Armani Adames : 216-370-8550

Contact:

adamesarmani.aa@gmail.com, 216-370-8550

MLS ID:

5247264

Interior

• Basement: FullUnfinished
• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• Style: Colonial
• Parking: Driveway

Construction

• Roofing: AsphaltFiberglass
• General: Vinyl Siding2

Location

• Originating MLS: NOWDD_NORM
• School District: Cleveland Municipal - 1809
• County: Cuyahoga

Lot

• Zoning: 388 DODGE 0041 EP120-14-020

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM