1848 Stanwood Road, East Cleveland, OH 44112
Grasmere Allotment · Cuyahoga County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1899
Stories
3
Living Area
1,894 sq ft
Lot Size
0.13 acres
Garage Spaces
2
Days on Market
36
MLS® Listing#
5210226
Property Features
Cooling
Heating
Basement
Parking
Fencing
Construction
Foundation
Roof
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$1,131
Tax year 2025
Parcel Number
673-09-033
Directions
From I-90 East or West (take Exit 177B – E. 152nd St / Saint Clair Ave): Take Exit 177B toward E. 152nd St / Saint Clair Ave Turn right onto E. 152nd St (heading south) Go 0.3 miles, turn left onto Saint Clair Ave (eastbound) Go 0.2 miles, turn right onto Stanwood Rd Destination will be on your right in 0.1 miles From I-90 East only (alternate – Exit 178B – E. 185th St): Take Exit 178B for E. 185th St south Follow E. 185th St for 0.5 miles Turn right onto Saint Clair Ave Go 0.4 miles, turn left onto Stanwood Rd Destination on your right in 0.1 miles
Affordability Calculator
$23,980
Estimated monthly payment
$638/mo
Principal $95,920 · Est. interest $133,817 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in East Cleveland, OH
- 49
- Median Days on Market
- 1,812
- Median Sq Ft
- $98
- Median Price / Sq Ft
- 1,496
- Active Listings
- Its price per sq ft is 36% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in East Cleveland, OH.
Location
Points of Interest in East Cleveland, OH
Showing the East Cleveland area map.
Nearby Schools
Prospect Elementary School
Secondary · 0.0 mi away
Shaw High School
Secondary · 0.1 mi away
Heritage Middle School
Secondary · 0.5 mi away
Chambers Elementary School
Elementary · 0.5 mi away
Mayfair Elementary School
Elementary · 0.6 mi away
Apex Academy
School · 0.6 mi away
George L Forbes Early Learning Ctr
School · 0.6 mi away
Caledonia Elementary School
Elementary · 0.6 mi away
Kenneth W Clement
Elementary · 0.8 mi away
Citizens Academy East
School · 1.1 mi away
East Cleveland City Schools
Elementary · 1.2 mi away
Collinwood High School
Secondary · 1.2 mi away
Saint Josephs School
School · 1.3 mi away
Lake Erie College Preparatory School
Primary School · 1.3 mi away
Horizon Montessori School
Elementary · 1.3 mi away
The Church
School · 1.3 mi away
Monticello Middle School
Secondary · 1.4 mi away
Iowa Maple Elementary School
Elementary · 1.4 mi away
Chaviva High School
Secondary · 1.5 mi away
East Clark
Elementary · 1.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10708 Grantwood Avenue, Cleveland, OH | $84,800 | 5 | 1 | — |
| 3080 Warren Road, Cleveland, OH | $84,900 | 3 | 3 | 1,332 |
| 12421 Maple Avenue, Cleveland, OH | $85,000 | 3 | 1 | — |
| 4225 E 128th Street, Cleveland, OH | $85,000 | 3 | 1 | 1,635 |
| 1247 E 84th Street, Cleveland, OH | $85,000 | 4 | 2 | — |
| 3578 E 76th Street, Cleveland, OH | $85,000 | 3 | 1 | 1,050 |
Moving Cost Estimate
EXIT Agents in East Cleveland
Listing Courtesy: Red 1 Realty, LLC - realtorwalling@gmail.com, 216-870-9204
Last Updated: 2026-05-26