Michael Giampietro
Vylla Home
(216) 677-5924
49 Total Sales
1 in Midtown Cleveland
$55,000 Price
Estimated Value: $109,720
Investor-ready, cash-flowing huge 6-bedroom / 2-full-bath property with a Section 8 tenant already in place, producing $1,214 per month in guaranteed, government-backed rental income — with the tenant paying ALL utilities. Located in Cleveland’s highly sought-after Central area, this property is within walking distance to Downtown Cleveland, making it especially attractive for long-term tenant demand and future appreciation. The home features vinyl replacement windows, a welcoming front porch, and a rear deck for added livability. The basement is protected by a sump pump to help ensure a clean, dry lower level, helping reduce maintenance risk and protect your investment. This is a true turn-key, income-producing asset with the stability investors want — a current Section 8 lease providing reliable, consistent monthly income backed by a government housing program, significantly reducing vacancy and payment-default risk. Value-add opportunity:
There is potential to submit a rental increase request with CMHA, offering built-in upside without requiring renovations. With a rare 6-bedroom layout, strong location near downtown, and dependable government-supported income, this property is an excellent buy-and-hold opportunity for investors seeking steady cash flow with future rent growth potential.
Last Agent to Sell the Property
Source One Realty LLC Brokerage Email: iangrameREALTOR@gmail.com, 216-882-1056 License #2022005655 Listed on: 02/25/2026
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Michael Giampietro
Vylla Home
(216) 677-5924
49 Total Sales
1 in Midtown Cleveland
$55,000 Price
Paul Sherman
Town One Realty
(234) 414-6570
226 Total Sales
1 in Midtown Cleveland
$184,000 Price
Kemi Alege
Coldwell Banker Schmidt Realty
(234) 231-0988
137 Total Sales
1 in Midtown Cleveland
$225,000 Price
Sophie Boehlen
Premier Heights Realty LLC
(216) 350-8621
215 Total Sales
1 in Midtown Cleveland
$410,000 Price
Keyano Burgess
Lokal Real Estate, LLC.
(216) 999-3997
138 Total Sales
1 in Midtown Cleveland
$48,500 Price
Angela Foster
Classic Realty Group, Inc.
(216) 350-2776
121 Total Sales
1 in Midtown Cleveland
$195,000 Price
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| Cepeda Felix | $93,000 | American Title Solutions | |
| 508 Hammel Street Llc | -- | None Available | |
| 2193 E 35Th Llc | $50,000 | Competitive Title | |
| Wu Yong | -- | Attorney | |
| Wu Yong | $6,000 | Sovereign | |
| Us Bank Na | $25,334 | Attorney | |
| Cornelius Jesse | $80,000 | 21St Millennium Title & Escr | |
| Johnson Jessie | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $65,100 | ||
| Previous Owner | Hammel Street Llc | $1,000,000 | |
| Previous Owner | 508 Hammel Street Llc | $150,000 | |
| Previous Owner | Cornelius Jesse | $72,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | Sold | $107,000 | -10.8% | $54 / Sq Ft | |
| 04/08/2026 04/08/26 | Pending | -- | -- | -- | |
| 02/23/2026 02/23/26 | For Sale | $119,900 | +28.9% | $61 / Sq Ft | |
| 05/15/2024 05/15/24 | Sold | $93,000 | -15.5% | $47 / Sq Ft | View Prior Sale |
| 03/02/2024 03/02/24 | Pending | -- | -- | -- | |
| 02/19/2024 02/19/24 | For Sale | $110,000 | +120.0% | $56 / Sq Ft | |
| 12/19/2018 12/19/18 | Sold | $50,000 | -16.5% | $25 / Sq Ft | View Prior Sale |
| 10/16/2018 10/16/18 | Pending | -- | -- | -- | |
| 10/07/2018 10/07/18 | Price Changed | $59,900 | -10.5% | $30 / Sq Ft | |
| 07/01/2018 07/01/18 | Price Changed | $66,900 | -16.3% | $34 / Sq Ft | |
| 04/08/2018 04/08/18 | For Sale | $79,900 | -- | $40 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,242 | $18,935 | $7,280 | $11,655 |
| 2024 | $1,266 | $18,935 | $7,280 | $11,655 |
| 2023 | $1,105 | $14,250 | $9,520 | $4,730 |
| 2022 | $1,098 | $14,250 | $9,520 | $4,730 |
| 2021 | $1,088 | $14,250 | $9,520 | $4,730 |
| 2020 | $1,166 | $13,200 | $8,820 | $4,380 |
| 2019 | $1,080 | $37,700 | $25,200 | $12,500 |
| 2018 | $1,076 | $13,200 | $8,820 | $4,380 |
| 2017 | $781 | $9,240 | $5,320 | $3,920 |
| 2016 | $775 | $9,240 | $5,320 | $3,920 |
| 2015 | $778 | $9,240 | $5,320 | $3,920 |
| 2014 | $778 | $9,240 | $5,320 | $3,920 |
Seller's Agent in 2026
Ian Grame
Source One Realty LLC
(440) 234-6126
2 in this area
95 Total Sales
Buyer's Agent in 2026
Robert Cole
RE/MAX
(440) 241-5221
1 in this area
273 Total Sales
Seller's Agent in 2024
Brian Jackson
High Point Real Estate Group
(330) 322-4553
1 in this area
125 Total Sales
DP
Seller's Agent in 2018
David Petrella
Howard Hanna
(440) 341-4663
86 Total Sales
Seller Co-Listing Agent in 2018
Ovi Ghosh
Howard Hanna
(440) 341-3278
92 Total Sales
Buyer's Agent in 2018
Jodi Donato
Berkshire Hathaway HomeServices Professional Realty
(440) 309-3263
67 Total Sales
Source: MLS Now
MLS Number: 5188639
APN: 103-21-109
Ask me questions while you tour the home.