$1,247 Closing Credit¹
#5092060, Hanford L Dixon, Listing office: EXP Realty, LLC.
$133,333 List price
387 Cleveland Rd Cleveland, OH 44108
$1,583
Closing credit¹
3 beds
1 full
1,248 sqft
0.09 acres
$107 / sqft
House
Property details
About 387 Cleveland Rd
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 = $31,335. Gross Monthly Rent Per Unit = $1,362. 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)
Size1,248 sqft
BasementYes
Lot size0.0918 Acres
Year built1915
ParkingDriveway
MLS #5134295
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Parking: Driveway
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $133,333
- Price/SqFt: $106
- Annual Tax Amount: $1,047
- Tax Year: 2023
- Directions: Left on Cleveland Rd.
- Year Built: 1915
- Stories: 2
- Living Area: 1,248 SqFt
- Lot Size: 0.0918 Acres
- MLS Number: 5134295
- 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: 6/28/2025, 3:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$133,333
387 Cleveland Rd
$1,583
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 26, 2023 | Home Sold | $25,000 |
| Aug 23, 2005 | Home Sold | $89,900 |
| Jun 11, 2004 | Home Sold | $30,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $13,510 | $1,047 |
| 2022 | $13,510 | $1,093 |
| 2021 | $13,510 | $1,031 |
| 2020 | $11,060 | $976 |
| 2019 | $11,060 | $904 |
| 2018 | $11,060 | $901 |
| 2017 | $19,810 | $1,674 |
History based on county public records data.
Nearby schools
3
Mayfair Elementary School
Public District 3-5
1.0 mi
•13916 Mayfair Ave
4
Oxford Elementary School
Public District KG-5
2.7 mi
•939 Quilliams Rd
5
Boulevard Elementary School
Public District KG-5
2.8 mi
•1749 Lee 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 $21,563. The most common annual income of people living in Cleveland, OH is less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
63%
<35k
33%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
60%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
39%
35-64 yrs old
20%
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 387 Cleveland Rd
The listing price of 387 Cleveland Rd property is $133,333.
The property 387 Cleveland Rd is a house located in Cleveland, Ohio, 44108.
Active Listing: 387 Cleveland Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 387 Cleveland Rd are: Mayfair Elementary School (GreatSchools Rating 3/10), Oxford Elementary School (GreatSchools Rating 4/10), Boulevard Elementary School (GreatSchools Rating 5/10), Kenneth W. Clement Boys' Leadership (GreatSchools Rating 5/10), Citizens Leadership Academy East (GreatSchools Rating 2/10), Lake Erie College Preparatory School (GreatSchools Rating 3/10), Glenville High School (GreatSchools Rating 2/10), Collinwood High School (GreatSchools Rating 2/10), Shaw High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,047 (source: MLS/based on county public records data).
The last sale was on July 26, 2023 for $25,000 (source: MLS/tax record).
The property at 387 Cleveland Rd has 3 bedrooms and 1 bathroom.
The property 387 Cleveland Rd is 1,248 SqFt (source: MLS/tax record).
The year of construction for 387 Cleveland Rd is 1915.
This home is located at 387 Cleveland Rd in Cleveland, OH and zip code 44108 in the Glenville neighborhood. This 1,248 square foot home, which was built in 1915, sits on a 0.09 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.
In May 2025, from all listings sold in Cleveland, OH there were more than 345 sold above asking price, over 304 sold below and more than 106 were sold right at the asked price. The inventory of homes for sale in Cleveland, OH between April and May 2025 increased by 6.8%. The median list price of listings available in May 2025 was $172,929, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.