About This Home

This 3-bedroom, 1-bathroom single family at 4011 Lancaster Road in South Euclid, OH is listed for $200,000 ($144 per sqft). Built in 1947, the home offers 1,393 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1947
  • 0.24 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
1 full
2-car garage
1947

Amenities

Fireplace
Listing Description

Priced at $200,000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3,200,000.

This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33,685/month in scheduled rental income ($404,220 annually).

Based on provided income and property taxes, the portfolio produces approximately $344,121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations.

These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: - 16 Single-Family Rental Homes - $33,685/month rental income - $404,220 gross annual income - Approx.

10.75% cap rate based on provided rent roll - Stabilized tenant base - Renovated and income-producing assets - Strong Cleveland suburban rental markets - Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quill

iams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!

Monthly Cost Estimate

$1,070/mo

20% down · 6.5% · 30 years

Principal$145
Interest$867
Insurance$58

Estimates only. Actual payments may vary.

Location

4011 Lancaster Road

South Euclid, OH 44121

Round Belvoir 02

Property Details

Construction

AluminumSiding Brick VinylSiding

Parking

Garage

Heating

Radiant

Questions & Answers

This 3-bedroom, 1-bathroom single family at 4011 Lancaster Road is listed at $200,000 ($144/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1947, 0.24 acre lot, 2 stories, Fireplace.

This property is listed by Jesse R Kracht.

JK

Jesse R Kracht

License 2010001088

Agent at Russell Real Estate Services

Listed by Russell Real Estate Services · Broker phone: (440) 268-9491 · View on Broker Site · Broker website

MLS# 5224508· Source: MLS Now· 116 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.

4011 Lancaster Road, South Euclid, OH 44121

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