Price Reduction
Address
1848 Stanwood Road, East Cleveland, OH
Price
$ 114,900
Property Attributes
- MLS#5210226
- TypeSingle Family
- Listing Status Active
- CountyCuyahoga
- CityEast Cleveland
- NeighborhoodGrasmere Allotment
- Zip44112
- Style
- Year Built1899
- Taxes$ 1130
- Price$ 114,900
- Bedrooms4
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1894
- Lot Size0.1286 Acres
Data Source:
MLSNow
Property 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.
| Price History | |
|---|---|
| 5/26/2026 | Listed $124,900 |
| 7/2/2026 | 4$119,900 |
| 9/8/2026 | 4$114,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Possession | Delivery Of Deed |
| Roof | Slate |
| Garage Spaces | 2 |
| Architectural Style | Colonial |
| Construction Materials | Aluminum Siding |
| Year Built | 1899 |
| Stories Count | 3 |
| Township | Cleveland |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Cuyahoga |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Grasmere Allotment |
| Facing Direction | North |
| Garage Y/N | true |
| Total Rooms | 11 |
| Full Baths | 1 |
| Status | Active |
| 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 |
| ModificationTimestamp | 2026-09-08T22:24:29.313-00:00 |
| City | East Cleveland |
| High School District | East Cleveland CSD - 1812 |
| Lot Size Units | Acres |
| Carport Y/N | false |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 1130.98 |
| Home Warranty Y/N | false |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | East Cleveland CSD - 1812 |
| Elementary School District | East Cleveland CSD - 1812 |
| Year Built Source | Public Records |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | CLEVELAND |
| Legal Description | 45 GRASMERE 0060 ALL |
Interior Features
| Basement | Unfinished |
|---|---|
| Total Fireplaces | 1 |
| Total Stories | 3 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Above Grade Finished Area | 1894 |
| Total Bedrooms | 4 |
| Below Grade Finished Area Source | Assessor |
| Above Grade Finished Area Source | Assessor |
| Total Baths | 1 |
Exterior Features
| Fencing | Back Yard,Fenced |
|---|---|
| Parking Features | Driveway,Garage,Off Street |
| Water Source | Public |
| Lot Size Area | 0.1286 |
| Foundation Details | Block |
| Lot Size Acres | 0.1286 |
| Lot Size Source | Assessor |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 44112
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this
