Backup offers
#5111054, Portia Sharp, Listing office: Keller Williams Greater Metropolitan
Property details
About 10322 Colonial Ave
Cleveland Income Property | Turnkey Investment Opportunity ? $84,900 Tenant Occupied | $1,225/month | 4 Bed, 1 Bath Calling all investors! This cash-flowing 4-bedroom, 1-bath Cleveland property is already producing $1,225/month in rental income, meeting the 1% rule right out of the gate with room to grow. This opportunity offers a solid cap rate and immediate returns from day one. The current tenant is reliable, pays on time, and would love to stay, creating a seamless transition for a new owner. Lease converts to month-to-month in August, offering flexibility whether you want to renew, increase rent, or make changes down the line. Located in a steadily growing rental market, this property makes a great addition to any portfolio. Turnkey 4 Bedrooms, spacious layout Strong cash flow potential Cleveland market with investor demand Whether you're a seasoned investor or just getting started, this is the kind of deal that doesn't stay on the market for long.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.083 Acres
Year built1905
ParkingPaved
MLS #5142021
Garage1 space
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 1 space
- Attached Garage: No
- Private Pool: No
- Parking: Paved
- Architectural Style: Colonial
- Heating: Forced Air, Natural Gas
- Cooling: None
- List Price: $84,900
- Annual Tax Amount: $809
- Tax Year: 2023
- Directions: E.105 To Colonial
- Year Built: 1905
- Stories: 2
- Lot Size: 0.083 Acres
- MLS Number: 5142021
- MLS Name: NOWDD
- Office Name: McDowell Homes Real Estate Services
- Office Phone: (440) 812-2542
- Office Email: cloricedlugos@gmail.com
- Listing Agent: Clorice L Dlugos
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 2:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 16, 2021 | Home Sold | $57,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $10,440 | $809 |
| 2022 | $3,400 | $262 |
| 2021 | $3,400 | $259 |
| 2020 | $2,800 | $247 |
| 2019 | $2,800 | $229 |
| 2018 | $8,540 | $696 |
| 2017 | $3,610 | $305 |
History based on county public records data.
Nearby schools
3
Mayfair Elementary School
Public District 3-5
1.7 mi
•13916 Mayfair Ave
5
Boulevard Elementary School
Public District KG-5
3.3 mi
•1749 Lee Rd
6
Roxboro Elementary School
Public District KG-5
3.5 mi
•2405 Roxboro Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $18,689. The majority of Cleveland, OH residents have income less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
96%
<35k
3%
35k-100k
0%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
29%
Single, with Kids
9%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
38%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 10322 Colonial Ave
The listing price of 10322 Colonial Ave property is $84,900.
The property 10322 Colonial Ave is a house located in Cleveland, Ohio, 44108.
Active Listing: 10322 Colonial Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 10322 Colonial Ave are: Mayfair Elementary School (GreatSchools Rating 3/10), Boulevard Elementary School (GreatSchools Rating 5/10), Roxboro Elementary School (GreatSchools Rating 6/10), Franklin D. Roosevelt Academy (GreatSchools Rating 3/10), Patrick Henry School (GreatSchools Rating 3/10), Stonebrook-White Montessori School (GreatSchools Rating 4/10), Glenville High School (GreatSchools Rating 2/10), Horizon Science Academy Cleveland (GreatSchools Rating 4/10), Shaw High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $809 (source: MLS/based on county public records data).
The last sale was on September 16, 2021 for $57,500 (source: MLS/tax record).
The property at 10322 Colonial Ave has 4 bedrooms and 1 full and 1 half bathrooms.
The sq. ft. of 10322 Colonial Ave is not available (source: MLS/tax record).
The year of construction for 10322 Colonial Ave is 1905.
This home is located at 10322 Colonial Ave in Cleveland, OH and zip code 44108 in the Glenville neighborhood. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $84,900.
In June 2025 more than 306 listings in Cleveland, OH were sold above the asking price. During the same period more than 98 listings were sold at asking price, while more than 335 were sold below. In June 2025 in Cleveland, OH there were 3.7% more homes for sale than in May. While the average time on the market in June 2025 was 32 days, the median list price was $173,756.
From Rocket Homes Real Estate and based on county public records data.