#5130647, Michael Kaim, Listing office: Real of Ohio
$133,333 List price
1362 E 187th St Cleveland, OH 44110
3 beds
1 full
1,190 sqft
0.2 acres
$112 / sqft
House
Property details
About 1362 E 187th St
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)
Size1,190 sqft
BasementYes
Lot size0.1543 Acres
Year built1910
ParkingDriveway, Garage
MLS #5134300
Garage2 spaces
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Driveway, Garage
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $133,333
- Price/SqFt: $112
- Annual Tax Amount: $1,155
- Tax Year: 2023
- Directions: Right on E 187th St.
- Year Built: 1910
- Stories: 2
- Living Area: 1,190 SqFt
- Lot Size: 0.1543 Acres
- MLS Number: 5134300
- 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: 7/23/2025, 4:45:30 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 |
|---|---|---|
| Oct 16, 2023 | Home Sold | $40,000 |
| Jul 27, 2021 | Home Sold | $30,000 |
| Jul 27, 2021 | Home Sold | $30,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $15,230 | $1,155 |
| 2022 | $15,230 | $1,205 |
| 2021 | $15,230 | $1,136 |
| 2020 | $13,370 | $1,154 |
| 2019 | $13,370 | $1,067 |
| 2018 | $13,370 | $1,064 |
| 2017 | $12,780 | $1,053 |
History based on county public records data.
Nearby schools
4
Bella Academy of Excellence
Public Charter KG-6
0.8 mi
•19114 Bella Dr
6
Chardon Hills STEM School
Public District 1-5
1.5 mi
•1455 E 260th St
4
Arbor Elementary School
Public District 1-5
1.6 mi
•20400 Arbor 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 $42,364. Most Cleveland, OH residents have annual incomes between $35k-100k. 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?
42%
<35k
57%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
30%
Single, with Kids
14%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
13%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Mexican League Soccer
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
White Castle
Golden Corral
Church's Chicken
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Adult Standards
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
1 day on Rocket
#5140794, Brian H Miller, Listing office: Berkshire Hathaway HomeServices Professional Realty
#5134354, Scott A Marvin, Listing office: Team Results Realty
#5138329, Tresa M Klein, Listing office: Keller Williams Elevate
#5134806, Scott A Marvin, Listing office: Team Results Realty
Backup offers
#5119845, Alexys Jones, Listing office: Keller Williams Greater Metropolitan
#5139804, Jermaine N Brooks, Listing office: Keller Williams Greater Metropolitan
Backup offers
#5123792, Crystal R Williamson, Listing office: BHR & Associates
#5117097, David Leggett, Listing office: Source One Realty LLC
#5096402, Garnetta Williams, Listing office: Mia Brown Realty
Frequently asked questions
About 1362 E 187th St
The listing price of 1362 E 187th St property is $133,333.
The property 1362 E 187th St is a house located in Cleveland, Ohio, 44110.
Active Listing: 1362 E 187th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1362 E 187th St are: Bella Academy of Excellence (GreatSchools Rating 4/10), Chardon Hills STEM School (GreatSchools Rating 6/10), Arbor Elementary School (GreatSchools Rating 4/10), Hannah Gibbons STEM School (GreatSchools Rating 3/10), Noble Academy-Cleveland (GreatSchools Rating 4/10), Lakeshore Intergenerational School (GreatSchools Rating 5/10), Ginn Academy (GreatSchools Rating 3/10), Collinwood High School (GreatSchools Rating 2/10), Euclid High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,155 (source: MLS/based on county public records data).
The last sale was on October 16, 2023 for $40,000 (source: MLS/tax record).
The property at 1362 E 187th St has 3 bedrooms and 1 bathroom.
The property 1362 E 187th St is 1,190 SqFt (source: MLS/tax record).
The year of construction for 1362 E 187th St is 1910.
This home is located at 1362 E 187th St in Cleveland, OH and zip code 44110 in the Collinwood Nottingham neighborhood. This 1,190 square foot home, which was built in 1910, sits on a 0.15 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.
Cleveland, OH housing market in June 2025 saw over 306 listings sold above listed price, more than 98 sold at listed price and over 335 sold below. The number of listings in Cleveland, OH increased by 3.7% between May and June 2025. In June 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $173,756.
From Rocket Homes Real Estate and based on county public records data.