387 Cleveland Rd Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $727/month
Total Views
1,019
3
Beds
1
Bath
1,248
Sq Ft
$92
Price per Sq Ft
Highlights
- Colonial Architecture
- Window Unit Cooling System
- Wood Siding
- No HOA
- Forced Air Heating System
About This Home
Great investment opportunity in the heart of Cleveland! This well maintained and updated 3 bed, 1.5 bath home is currently tenant occupied and generating $1,450 per month in rental income, offering immediate cash flow for the next owner. The home features a traditional layout with a spacious living area, functional kitchen, and comfortable bedrooms. Outside, the property includes a manageable yard and a two car garage, adding to its tenant appeal. Located conveniently near schools, parks, shopping, and major roadways, making it an attractive rental for long-term tenants. Whether you’re a new investor or looking to expand your portfolio, this property provides reliable income in a strong rental market.
Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: shoshana@thesocherteam.com, 216-255-7377 License #2006000982 Listed on: 06/27/2025
Co-Listing Agent
Keller Williams Greater Metropolitan Brokerage Email: shoshana@thesocherteam.com, 216-255-7377 License #2020006277
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,210
Year Built
- Built in 1915
Lot Details
- 3,999 Sq Ft Lot
Parking
- Driveway
Home Design
- Colonial Architecture
- Asphalt Roof
- Wood Siding
Interior Spaces
- 1,248 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- No Home Owners Association
- L M Southern Forest Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 111-18-017
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $1,210 | $18,095 | $3,185 | $14,910 |
| 2023 | $1,047 | $13,510 | $1,890 | $11,620 |
| 2022 | $1,041 | $13,510 | $1,890 | $11,620 |
| 2021 | $1,032 | $13,510 | $1,890 | $11,620 |
| 2020 | $977 | $11,060 | $1,540 | $9,520 |
| 2019 | $905 | $31,600 | $4,400 | $27,200 |
| 2018 | $902 | $11,060 | $1,540 | $9,520 |
| 2017 | $1,675 | $19,810 | $2,660 | $17,150 |
| 2016 | $1,662 | $19,810 | $2,660 | $17,150 |
| 2015 | -- | $19,810 | $2,660 | $17,150 |
| 2014 | -- | $22,020 | $2,940 | $19,080 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Price Changed | $115,000 | -10.2% | $92 / Sq Ft |
| 07/30/2025 07/30/25 | Price Changed | $128,000 | -4.0% | $103 / Sq Ft |
| 06/27/2025 06/27/25 | For Sale | $133,333 | +1739.1% | $107 / Sq Ft |
| 08/10/2015 08/10/15 | Sold | $7,250 | +5.1% | $6 / Sq Ft |
| 07/14/2015 07/14/15 | Pending | -- | -- | -- |
| 06/30/2015 06/30/15 | For Sale | $6,900 | -- | $6 / Sq Ft |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Titleco Title Agency | |
| Warranty Deed | $25,000 | Titleco Title Agency | |
| Limited Warranty Deed | $7,250 | Ohio Real Title | |
| Sheriffs Deed | $19,961 | None Available | |
| Warranty Deed | $89,900 | First Service Home Tit | |
| Corporate Deed | $30,000 | Resource Title Agency | |
| Sheriffs Deed | $30,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | Credit Line Revolving | |
| Previous Owner | $80,910 | Fannie Mae Freddie Mac | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Cleveland, OH
Source: MLS Now
MLS Number: 5134295
APN: 111-18-017
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