1848 Stanwood Road, East Cleveland, OH 44112

• 4 beds |
• 1 bath |
• 1,894 sqft

Property Description

Presenting a cash-flowing investment opportunity—a 1,894 sq. ft. Colonial-era (1899) home with a long-term, month-to-month Section 8 tenant already in place. This 4-bedroom, 1.5-bath property generates 1,450/mo. in gross rent. CMHA(Section8) currently covers 1,190/mo. of that amount, with the tenant responsible for the remaining amount. While not fully subsidized, the majority of rent is guaranteed by the housing authority, reducing collection risk compared to traditional market-rate tenants. The asset features a durable slate roof, central A/C, replacement vinyl windows throughout most of the home, and a full unfinished basement for storage or future value-add. The property has undergone significant electrical, plumbing, bathroom, kitchen, HVAC, and interior/exterior repairs. The tenant wishes to remain, and is on a month-to-month lease, giving you flexibility. With a detached 2-car garage and solid bones.

Listing Status:

Active

Data Last Updated:

June 14, 2026 at 4:17AM

Listing Office:

Red 1 Realty, LLC : 614-585-9020

Listing Agent:

Christopher Walling : 216-870-9204

MLS ID:

5210226

Interior

• Basement: Unfinished
• A/C: None
• Heating: Forced Air
• Fireplace: FireplaceFireplaces: 1

Exterior

• Style: Colonial
• Parking: DrivewayGarageOff Street

Construction

• Roofing: Slate
• General: Aluminum Siding3Block

Location

• Originating MLS: NOWDD_NORM
• School District: East Cleveland CSD - 1812
• County: Cuyahoga

Lot

• Zoning: 45 GRASMERE 0060 ALL673-09-033
• Fencing: Back YardFenced

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: NOWDD_NORM