About This Home

This 3-bedroom, 1-bathroom single family at 18315 Marcella Road in Cleveland, OH is listed for $109,500 ($50 per sqft). Built in 1927, the home offers 2,204 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1927
  • 0.13 acre lot
  • 3 stories

Property Details

3 stories
1 full
1-car garage
1927
Listing Description

NEW REDUCED PRICE! ATTENTION INVESTORS! TURNKEY, TENANT-OCCUPIED COLONIAL GENERATING $1,250 PER MONTH ($15,000 ANNUALLY) IN RENTAL INCOME! Fantastic opportunity to expand your investment portfolio with this spacious 3-bedroom, 1-full-bath Colonial offering immediate rental income from day one!

Property features an established tenant already in place paying $1,250 per month (not Section 8), providing consistent income without the hassle of finding a new renter. This attractive investment offers a spacious, functional floor plan with comfortable living areas and classic Colonial charm, making it an appealing option for long-term rental ownership.

The home features 3 generously sized bedrooms, a full bathroom, and a basement providing abundant additional storage and potential for added functionality. Investors will appreciate the combination of an existing income stream, practical layout, and manageable property features, making this an excellent addition to any investment portfolio.

Located in an established residential area with rental demand, this property offers an appealing opportunity for investors seeking long-term income and potential appreciation. Whether you're purchasing your first rental property or expanding an established portfolio, this income-producing Colonial offers an opportunity to build long-term wealth through real estate!

Don't miss your chance to acquire an affordable investment property with rental income already in place! IMPORTANT: Tenant occupied. Do not disturb tenant. No showings until an accepted offer. Serious, qualified buyers only. No wholesalers, contract assignments, or owner financing. Property is part of a larger investment portfolio and may be purchased individually or as part of a bulk portfolio purchase.

Monthly Cost Estimate

$586/mo

20% down · 6.5% · 30 years

Principal$79
Interest$475
Insurance$32

Estimates only. Actual payments may vary.

Location

18315 Marcella Road

Cleveland, OH 44119

City/Cleveland 15

Property Details

Construction

Brick VinylSiding

Outdoor Features

Porch

Parking

Garage

Heating

Forced Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 18315 Marcella Road is listed at $109,500 ($50/sqft). The estimated monthly payment is $586 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1927, 0.13 acre lot, 3 stories.

This property is listed by Adrian Frederick.

AF

Adrian Frederick

License 2022005290

Agent at Coldwell Banker Schmidt Realty

Listed by Coldwell Banker Schmidt Realty · Broker phone: (440) 572-0220 · View on Broker Site · Broker website

MLS# 5256275· Source: MLS Now· 2 days on PropertySimple

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

18315 Marcella Road, Cleveland, OH 44119

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