Backup offers
#5133252, Journey Toole, Listing office: Keller Williams Living
$133,333 List price
12407 Summerland Ave Cleveland, OH 44111
3 beds
1 full
930 sqft
0.1 acres
$143 / sqft
House
Property details
About 12407 Summerland Ave
Looking to add high-performing, cash-flowing real estate to your portfolio in one of Ohio’s most dependable rental markets? This 21-property (23-unit) portfolio across Cuyahoga County is fully tenant-occupied and generating strong returns. With properties spread across 11 zip codes, you’ll gain exposure to a diverse mix of neighborhoods, rent ranges, and asset types—offering both stability and upside. Highlights: Consistent Cash Flow: All units are occupied and performing. Generating over $375,000 gross income annually. Gross Monthly Rent = $31,295. Gross Monthly Rent Per Unit = $1,360. Average Price Per Property = $133,333. Geographic Diversity: Spread across East and West Cleveland in 11 zip codes. Asset Mix: Combination of single-family and small multifamily homes—ideal for long-term appreciation and steady income. Tenant Type: 13 market-rate units and 10 subsidized (Section 8 & Eden). Upgraded Portfolio: Over $600K in cosmetic and mechanical improvements in the last two years—averaging $26K per unit. Professionally Managed: Minimal headaches, turnkey ready. Perfect for: Turnkey investors seeking immediate income from day one. Buyers wanting diversified exposure across Cleveland’s rental submarkets. Portfolio builders bundling performing properties in strong cash flow areas. Interested in a breakdown of rents, expenses, and cap rates? Let’s connect.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size930 sqft
Lot size0.1205 Acres
Year built1953
ParkingDriveway
MLS #5134307
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: Driveway
- Architectural Style: Ranch
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $133,333
- Price/SqFt: $143
- Annual Tax Amount: $1,408
- Tax Year: 2023
- Directions: Right on Summerland Ave.
- Year Built: 1953
- Stories: 1
- Living Area: 930 SqFt
- Lot Size: 0.1205 Acres
- MLS Number: 5134307
- MLS Name: NOWDD
- Office Name: Keller Williams Greater Metropolitan
- Office Phone: (216) 255-7377
- Office Email: shoshana@thesocherteam.com
- Listing Agent: Shoshana Socher
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, 3:45:35 PM 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 |
|---|---|---|
| Aug 24, 2023 | Home Sold | $45,000 |
| Jun 14, 2019 | Home Sold | $51,900 |
| Feb 12, 2014 | Home Sold | $24,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $18,170 | $1,408 |
| 2022 | $18,170 | $1,400 |
| 2021 | $18,170 | $1,387 |
| 2020 | $10,890 | $961 |
| 2019 | $10,890 | $890 |
| 2018 | $10,890 | $888 |
| 2017 | $8,400 | $710 |
History based on county public records data.
Nearby schools
5
Global Ambassadors Language Academy
Public Charter KG-5
0.9 mi
•13442 Lorain Ave
7
Harrison Elementary School
Public District PK-5
2.0 mi
•2080 Quail St
7
Constellation Schools: Westpark Community Elementary School
Public Charter KG-4
2.0 mi
•16210 Lorain Ave
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 $45,000. The majority of Cleveland, OH residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
61%
35k-100k
4%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
49%
Single, No Kids
20%
Single, with Kids
22%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
10%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
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 12407 Summerland Ave
The listing price of 12407 Summerland Ave property is $133,333.
The property 12407 Summerland Ave is a house located in Cleveland, Ohio, 44111.
Active Listing: 12407 Summerland Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 12407 Summerland Ave are: Global Ambassadors Language Academy (GreatSchools Rating 5/10), Harrison Elementary School (GreatSchools Rating 7/10), Constellation Schools: Westpark Community Elementary School (GreatSchools Rating 7/10), Constellation Schools: Westside Community School of The Arts (GreatSchools Rating 2/10), Louis Agassiz School (GreatSchools Rating 5/10), James A. Garfield School (GreatSchools Rating 5/10), New Tech West High School (GreatSchools Rating 3/10), Bard Early College High School Cleveland (GreatSchools Rating 4/10), John Marshall School of Information Technology (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $1,408 (source: MLS/based on county public records data).
The last sale was on August 24, 2023 for $45,000 (source: MLS/tax record).
The property at 12407 Summerland Ave has 3 bedrooms and 1 bathroom.
The property 12407 Summerland Ave is 930 SqFt (source: MLS/tax record).
The year of construction for 12407 Summerland Ave is 1953.
This home is located at 12407 Summerland Ave in Cleveland, OH and zip code 44111 in the Loronge's Bellaire neighborhood. This 930 square foot home, which was built in 1953, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $133,333.
Over 306 listings were sold over their listed price in June 2025 in Cleveland, OH. In the same period over 335 listings were sold below the listed price and 98 listings were sold for the listed price. The number of listings in Cleveland, OH increased by 3.7% between May and June 2025. In June 2025 median list price was $173,756 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.